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NFT Music Platform Royal Closes $55M Funding Round Led by a16z

Just three months after a $16 million seed round, Royal, the music tokenization platform launched by crypto-friendly DJ and entrepreneur Justin "3LAU" Blau, closed a $55 million Series A raise led by Andreessen Horowitz (a16z). "The Hash" team discusses the implications for tokenized royalties and the wider role of blockchain in the traditional music industry.

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3LAU Raises $16M to Tokenize Music Royalties for Artists and Fans

Crypto-savvy DJ Justin “3LAU” Blau has raised $16 million to launch a music investments platform that aims to give listeners a piece of the wealth generated by songs. The music tokenization platform, Royal, slices up song royalty rights into crypto tokens anyone can buy and trade. "The Hash" squad discusses the latest potential disruption to the traditional record label model as it increasingly collides with the crypto industry.

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Finance

Nagtaas ang 3LAU ng $16M para Tokenize Music Royalties para sa Mga Artist at Tagahanga

Ang Paradigm and Founders Fund ay namuhunan bawat isa ng $7 milyon, sinabi ng crypto-savvy DJ sa CoinDesk, kasama si Fred Ehrsam ng Paradigm na sumali sa board.

Justin Blau is launching Royal Markets with some high-profile backers. (Dia Dipasupil/Getty Images for Billboard Magazine)

Markets

Ang Blockchain Developer Toolkit Alchemy ay nagdaragdag ng High-Profile Angels sa $80M Series B

Ang mga kita para sa kumpanya ng imprastraktura ng blockchain ay lumago nang higit sa sampung beses mula nang ipahayag nito ang serye B noong Abril.

Left to right: Joe Lau, Alchemy co-founder, and chief technology officer; Nikil Viswanathan, Alchemy co-founder and CEO; John Hennessy, Google chairman and Alchemy investor

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