Blockchain Music Sales Platform EVEN Secures $2.2 Million Seed Round Financing

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

Blockchain technology has been disrupting traditional business models and industries for some time now, and the music industry is no exception. On April 16th, the blockchain music sales platform, EVEN, announced the completion of a $2.2 million seed round financing. The funding was led by CSA Partners, with participation from angel investors such as gANGELS, gener8tor, and Daniel Rotman and Adie Akuffo Afful. EVEN is currently in the testing stage and aims to allow artists to directly sell music works to fans, providing them with exclusive music content and experience.

How EVEN Works

EVEN is a blockchain-based platform for music sales that allows artists to sell their music directly to fans. It is a decentralized platform that allows for transparent transactions between artists and their fans, eliminating intermediaries such as labels and streaming platforms. This new model aims to put the power back in the hands of the artists, providing them with greater control and revenue from their music.
With EVEN, artists can create unique tokens for their music, which can be sold to fans. Fans can then use these tokens to access exclusive content, such as backstage passes, meet-and-greets, and early access to new releases. These tokens can also be traded on the platform’s marketplace, providing a new and exciting way for fans to engage with their favorite artists.
Each transaction made on EVEN is recorded on the blockchain, ensuring the utmost transparency and trust between artists and their fans. This is a significant change from the traditional music industry, where opaque financial practices have left many artists feeling undervalued and exploited.

Key Benefits of EVEN

One of the main benefits of EVEN is the removal of intermediaries in the music industry. Labels and streaming platforms take a large percentage of an artist’s revenue, leaving the artist with very little. EVEN aims to change this by allowing artists to directly connect with their fans, providing them with greater control and revenue from their music.
Another key benefit of EVEN is the ability for fans to access exclusive content and experiences. With the use of unique tokens, fans can gain access to backstage passes, meet-and-greets, and other exclusive content. This creates a new and exciting way for fans to engage with their favorite artists, leading to a more loyal and dedicated fanbase.

The Future of EVEN

EVEN is still in the testing phase, but the completion of a $2.2 million seed round financing is a positive sign for the future of the platform. With the removal of intermediaries and the use of blockchain technology, EVEN has the potential to revolutionize the music industry, providing greater control and revenue for artists and the opportunity for fans to engage with their favorite artists in new and exciting ways.

Conclusion

EVEN’s $2.2 million seed round financing is a significant milestone for the blockchain music sales platform. With the potential to revolutionize the music industry, EVEN provides artists with greater control and revenue from their music while creating a more engaging experience for fans. The use of blockchain technology ensures transparency and trust between artists and their fans, and the removal of intermediaries provides a more equitable and fair music industry for all parties involved.

FAQs

1. How does EVEN differ from traditional streaming platforms?
EVEN eliminates intermediaries such as labels and streaming platforms, providing artists with greater control and revenue from their music. It also allows for the creation of unique tokens, providing fans with exclusive content and experiences.
2. How does EVEN ensure transparency in its transactions?
Each transaction made on EVEN is recorded on the blockchain, ensuring transparency and trust between artists and their fans.
3. Can fans trade tokens on the EVEN platform?
Yes, fans can trade tokens on the EVEN platform, creating a new and exciting way for fans to engage with their favorite artists.