SpiderVille Raises $1M Pre-Seed Funding to Accelerate Web3 Music Adoption
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Monday, July 25, 2022
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SINGAPORE, July 25, 2022 /PRNewswire/ -- SpiderVille , a Web3 music startup, has raised a $1M pre-seed round from Contents Technologies , Samsung Next , and other notable angel investors to improve the discovery and distribution of music NFTs.
Key Points:
- SINGAPORE, July 25, 2022 /PRNewswire/ -- SpiderVille , a Web3 music startup, has raised a $1M pre-seed round from Contents Technologies , Samsung Next , and other notable angel investors to improve the discovery and distribution of music NFTs.
- The funding will be put toward developing a sound infrastructure for Web3 artists and the music industry, raising awareness, and priming it for scalability.
- According to its announcement, the company is set to launch its project Ooh La La , a Web3 music player designed to provide an easier way for users to discover, listen to, and manage their music NFTs.
- "Despite music NFTs promising a more equitable system for artists than streaming, it is difficult for new users to discover them.