Describing his journey as wild, Daniel Allan wrote at length on his website about the seed round he collected. His journey since he was introduced to Web3 and the space he’s been in has finally rewarded him with an enormous seed round.
Web3 Music Artist Daniel Allan Raises $1,000,000
Round was led by Coop Records. Palm Tree Crew Crypto, Noise DAO, Woodstock DAO, and Fire Eyes DAO were some of the companies that supported the round. Angel investors also participated in the seed round. These names are as follows:
- Adam Kornfield
- Ante Hoathe
- DegenDavinci
- Ash Egan
- Nic Carter
- George Lambeth
- Kyle Samani
- Shayon Sengupta
- Jacob Horne
- Adam Levy
- Jason Meinzer
Having successfully completed the seed round, Allan also talked about the challenges of being an independent artist.
“Daniel is pioneering what it means to be an artist in web3. As someone who’s been lucky to support him since day one, Coop Records is excited to double down on what we believe will be a breakout case study for years to come”
Cooper Turley, Coop Records.
Daniel Allan Entertainment’s Achievements in the Last 1.5 Years
Allan minted his first Music NFT in April 2021. Since then, he and his friends have traveled the world pursuing their passion and making brand-new beats in the process. Accordingly, we can list Allan’s achievements in the last 1.5 years as follows:
- Grossed 228 ETH in primary sales and 105 ETH in secondary sales
- Played shows at the Brooklyn Mirage and Marquee
- Collabed with artists like Reo Cragun and Slenderbodies
- Been featured in TIME and Billboard
- Signed with CAA
Allan, of course, is not content with these achievements. Now he has his sights set on new targets.
“I went from being one of the first to buy Daniel Allan’s Music NFTs, to working on his innovative projects for the past couple of years, and now backing the future of his company. Music NFTs have an incredible ability to create opportunities for new types of relationships to form between artists and their audiences. He’s been a Music NFT leader and we’re excited to continue on this journey with Daniel to push this space forward.”
Brett Shear, Palm Tree Crew
Web3 and Independence
Allan announced the funding with a flood on his Twitter account. For independent artists like Allan, web3 is an incredible opportunity. With the support of web3, Allan has had the chance to release dozens of indie labels and work with some of the best distribution companies in the game.
With the help of this round of funding, he will be able to hire a crew full-time and concentrate on breaking records in innovative ways. They will be launching several novel initiatives to broaden the Daniel Allan ecosystem over the course of the upcoming year.
“We’ve been collectors of Daniel’s work since the inception of Noise DAO. He is pioneering a new standard for independent artists and we’re big believes in an on-chain native future. We’re excited to take this relationship further by supporting from the DAO along with supporting personally as an angel.”
Adam D’Augelli, Noise DAO
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