Sound, a music NFT discovery and direct-to-community monetization platform has raised $20 million in a Series A funding round led by a16z crypto.
The round also saw participation from Palm Tree Crew, A Capital, Sound Ventures, Collab + Currency, Scalar Capital, Snoop Dogg, Ryan Tedder, Tay Keith amongst others.
Accordiing to Sound, its platform provides tools for artists to upload, stream, and monetize their music as NFTs “without third party infringement of any kind”.
Sound also say that it lets artists keep 95% of the proceeds from their work and 10% of every resale “without giving up any ownership of their master or publishing rights”.
