Muverse, a music NFT exchange and superapp, raises $6 million in seed round funding from consortium of investors including Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO, Sun Artland Ltd and several angel investors.
Muverse Raises $6 Million in Seed Round Fundraising
Muverse is a platform that enables the free trading of global music NFTs, allowing music artists, investors and fans around the world to participate in frictionless trading. The platform offers users rich and gamified interaction, investment and earning scenarios, such as rhythm games combined with earning modes and NFT exchange that provides liquidity to users.
Funds raised in this seed round will be used to expand the platform’s features and services, accelerate user acquisition, and improve the user experience. The platform is developing Phase II products including music NFT exchanges, NFT fragmentation capabilities, and its AMM pool for F-NFT/MCT trading.
Muverse’s Phase 1 product is a powerful rhythm game combined with an earning mode that allows users to earn tokens as they play. The combination of rhythm game and earning mode allows a large number of players and cryptocurrency investors to join Muverse app and build a strong community that can drive the development of the Muverse ecosystem. Muverse uses a dual-token model to serve the diverse needs of its users. MCT tokens are in-app utility tokens and MUs are platform tokens.
Мuverse has a global team with employees in Los Angeles, Seoul, Hong Kong, Singapore, Vietnam, Indonesia and the Philippines. The founding team has extensive resources in Hollywood and Entertainment. Muverse has invited Sidney Ganis, former president of AMPAS (Oscar organizers) and former vice president of Lucasfilm, Marvel and Paramount, to serve as advisors. The platform also partnered with South Korea’s FNC Entertainment to successfully sell out K-pop star Lee Hong Ki’s music NFT in an hour.
“We’re thrilled to have the support of Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO & Sun Artland Ltd who share our vision for creating a more efficient, frictionless, and highly liquid music NFT trading ecosystem. With their backing, we’re confident that we can continue to build a world-class platform that will empower musicians, investors, and fans around the world.” – said Мuverse COO Mark Rau.
With this latest funding round, Muverse is poised to become a major player in the burgeoning Web3 music and NFT market.
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