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3LAU
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.
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.
3LAU Raises $16M to Tokenize Music Royalties for Artists and Fans
Paradigm and Founders Fund each invested $7 million, the crypto-savvy DJ told CoinDesk, with Paradigm’s Fred Ehrsam joining the board.
Blockchain Developer Toolkit Alchemy Adds High-Profile Angels to $80M Series B
Revenues for the blockchain infrastructure company have grown more than tenfold since it announced the series B in April.
