TRAX Raises $2.9M in Decentralised Funding Round
Retrieved on:
Tuesday, January 16, 2024
LONDON, Jan. 16, 2024 /PRNewswire/ -- TRAX, a London-based web3 music startup, has successfully raised a $2.9m* decentralised funding round on the Internet Computer ($ICP) blockchain.
Key Points:
- LONDON, Jan. 16, 2024 /PRNewswire/ -- TRAX, a London-based web3 music startup, has successfully raised a $2.9m* decentralised funding round on the Internet Computer ($ICP) blockchain.
- Following the completion of the raise, TRAX will operate as a decentralised autonomous organisation (DAO) democratically controlled by holders of TRAX's new governance token, $TRAX.
- The funds raised will be held in TRAX DAO's treasury, allowing $TRAX holders to decide on how best to utilise them.
- "With our decentralised funding round complete, TRAX is seeking opportunities to maximise the benefit we provide to artists through partnerships, events, and other bespoke opportunities, in the UK and around the world."