TuneFM Raises $50 Million Seed Round to Elevate Blockchain Music Streaming

TuneFM Raises $50 Million Seed Round to Elevate Blockchain Music Streaming

TuneFM, a groundbreaking blockchain music startup, has secured an impressive $50 million in seed funding to revolutionize the music industry. The seed round was led by notable investors such as LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, The HBAR Foundation, and GDA Capital. TuneFM is a cutting-edge music streaming platform that seamlessly merges an NFT marketplace with the power of the Hedera blockchain. The platform's native token, JAM, serves as a crucial element in rewarding both artists and users actively contributing to the ecosystem. The recently acquired funding will be strategically utilized to provide liquidity for the JAM token, further solidifying its role within the platform. With this substantial investment, TuneFM aims to redefine the landscape of music streaming by empowering artists and fostering a vibrant community. The integration of blockchain technology and NFTs empowers creators with greater control over their work and opens up new avenues for revenue generation. TuneFM's commitment to innovation and driving the music industry into the future is evident. This seed funding round marks a significant milestone in their journey, and as they progress, they promise to continue delivering groundbreaking solutions.