Sound will use the funding to grow its team and scale its web3 music strategy, its founder tells The Block.
"The funds will give us resources to grow our team and further our mission to make Sound the home of music discovery on the web and mobile," the firm's co-founder David Greenstein told The Block.In addition to announcing the fresh funding, Sound opened up its web3 minting tools.
"Previously, it was only accessible to a limited group of artists during the test period," Greenstein said."Today, these tools will be available to all artists on Sound." Sound allows artists to mint and sell music as NFTs. The platform is built on the Ethereum blockchain and deploys the ERC-721A token standard.to decrease gas fees and accelerate transaction times. Users can buy music with ETH or a credit card.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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