Music NFT platform OurSong raises $7.5 million in seed funding to empower artists to monetize their content and build a community through minting NFTs. camlearnscrypto writes
Infinity Ventures and Animoca Brands led the round.
OurSong aims to give musical performers the ability to monetize their content more effectively and to build a community among their fans.The blockchain-based platform hopes to address a fundamental problem with streaming services that now dominate the music industry by allowing entertainers to connect more directly with the people who admire their work, OurSong co-founder Terry Leong told CoinDesk. At the same time, it will give these audiences the opportunity to own rare collectibles.
The mobile app, which launched in early February and has 150,000 users, allows artists to upload and mint their content as an NFT. Users price their assets in OurSong Dollar , the app’s native token, said a press release.
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