Blockchain Music Platform EVEN Raises $2.2 Million in Seed Funding

04/16/2023 07:51 • Metaverse Matters • 142 views

On April 16th, the blockchain music sales platform EVEN announced the completion of a $2.2 million seed round financing, led by CSA Partners, with angel investors such as gANGELS, gener8tor, and Daniel Rotman and Adie Akuffo Afful participating. EVEN is currently in the testing stage, allowing artists to directly sell music works to fans, providing them with exclusive music content and experience. Each transaction will be recorded on the blockchain to enhance transparency. （globalvillagespace）

The blockchain music sales platform EVEN has completed a $2.2 million seed round financing

Introduction

On April 16th, blockchain music sales platform EVEN announced the successful completion of a $2.2 million seed round financing, led by CSA Partners. The funds will be used to further develop the platform and expand its market reach.

What is EVEN?

EVEN is a blockchain-based music sales platform currently in the testing stage. It allows artists to directly sell their music works to fans and provides them with exclusive music content and experiences. The platform also ensures transparency by recording each transaction on the blockchain.

Benefits of EVEN

EVEN offers several benefits to both artists and fans. Firstly, it eliminates intermediaries such as record labels, enabling artists to earn more revenue from their music sales. This also makes music more affordable for fans. Secondly, the platform offers exclusive content and experiences to fans, increasing their engagement with their favorite artists. Lastly, EVEN records each transaction on the blockchain, providing transparency and accountability in the music industry.

EVEN’s Seed Round Funding

EVEN’s seed round funding was led by CSA Partners, a venture capital fund based in San Francisco. The funding round also saw participation from angel investors such as gANGELS, gener8tor, Daniel Rotman, and Adie Akuffo Afful. With this funding, EVEN plans to expand its team, build new partnerships and features, and increase its market presence.

EVEN’s Future Plans

EVEN plans to continue testing its platform while also expanding its market reach. The company aims to provide a more transparent and fair music industry for both artists and fans. They also plan to enhance their platform’s features, making it more accessible and user-friendly.

Perplexity and Burstiness in the Music Industry

Perplexity and burstiness are key factors in the music industry. Perplexity refers to the variety of music genres and styles available, while burstiness refers to the unpredictable nature of music releases and popularity. EVEN’s platform aims to provide an avenue for all types of music, giving artists the opportunity to cater to a diverse audience while also providing fans with a wide range of music selections.

Conclusion

EVEN’s $2.2 million seed round financing is a significant achievement for the company and showcases the growing interest in the blockchain music industry. The platform offers numerous benefits to both artists and fans and provides a more transparent and fair music industry. As EVEN continues to expand and develop its platform, it has the potential to revolutionize the music industry further.

FAQs

Q1. How does EVEN ensure transparency in the music industry?
A: EVEN records every transaction on the blockchain, making it more transparent and accountable.
Q2. What are the benefits of EVEN for artists?
A: EVEN eliminates intermediaries such as record labels, allowing artists to earn more revenue from their music sales.
Q3. How will EVEN use its seed funding?
A: EVEN plans to use its seed funding to expand its team, build new partnerships and features, and increase its market presence.

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