Hibiki Run Secures Million-Dollar Seed Funding for its Web3 Digital Music Platform

Hibiki Run Secures Million-Dollar Seed Funding for its Web3 Digital Music Platform

The music industry has undergone multiple transformations over the years, from the rise of digital downloads to the dominance of streaming services. Now, a new revolutionary change is on the horizon with the emergence of Web3 technology. In the latest news, Hibiki Run, a cutting-edge Web3 digital music platform, has recently secured a million-dollar seed funding round led by prominent investors like Synergis Capital, NEAR Foundation, and a host of others. This substantial investment marks a critical moment for both the platform and the broader Web3 music industry.

In a groundbreaking development for the music sector, Hibiki Run, an innovative Web3 digital music project, has successfully closed a million-dollar seed funding round. This considerable financial support comes from an impressive group of institutional and individual investors, highlighting the immense potential of the project to revolutionize the music industry.

Among the notable investors are Synergis Capital and NEAR Foundation, renowned for their strategic investments in groundbreaking technologies. They are joined by BitMart, TKX Capital, and String Capital, well-known firms with a keen eye for promising startups. Additionally, Gravity Venture Capital, a venture capital firm with a proven track record of successful tech investments, has also contributed to the funding round.

The diverse pool of investors includes individual backers like Yi Lu, co-founder of Weibo, one of China’s largest social media platforms. Other significant contributors include AAG Ventures, FutureMoney Group, and others, each bringing their unique perspectives and support to the project.

The secured funding will play a crucial role in expediting the research and development of the Hibiki Run platform, allowing it to further enhance its offerings and deliver on its promise of creating a more inclusive and captivating music ecosystem.

Furthermore, the funds will be utilized to fuel the platform’s growth, enabling Hibiki Run to expand its user base, attract more artists to the platform, and establish a stronger market presence. This expansion is pivotal to Hibiki Run’s mission of bridging the gap between artists and listeners, facilitating a more direct and rewarding relationship.

Hibiki Run’s innovative approach has already resulted in rapid user growth. Combining music and movement, the platform incentivizes users with tokens for enjoying outdoor activities while listening to music curated by Web3 artists. Cleverly integrating NFTs, artistically-designed headphones unlock numerous user scenarios and technical capabilities, enhancing the synergy between NFTs and music and creating an engaging user experience.

Within just five months of its launch, Hibiki Run has witnessed a remarkable surge in user engagement. The platform has experienced a significant increase in the number of NFT holders, daily active users, and users owning rare NFTs. This rapid growth underscores the appeal and potential of Hibiki Run’s distinctive approach to integrating music, movement, and NFTs within the Web3 space.

Hibiki Run enters the scene with a clear vision and well-defined objectives. The platform aims to transform the move-to-earn concept into an enjoyable, accessible, and user-friendly experience for all. Seamlessly integrating various Web3 services, including wallet functionality and NFT marketplace trading, Hibiki Run aims to establish itself as a trailblazer in the music industry.

Moreover, Hibiki Run is committed to adding value to its unique headphone NFTs, which serve as both profile pictures and integral components of the Web3 music community. The platform is designed to offer a realistic rate of return and positive externalities, ensuring its long-term sustainability.