NFT Music Marketplace Serenade Raises dollar six Million Backed by Hugh Jackman
Categories: Crypto News US
Still Early Days For Music NFTs
The funding round was led by Bain Capital Ventures, with participation from AngelList, Boost VC, and others. Serenade was launched with the aim of allowing musicians to retain the copyright to their work. The platform allows artists to upload their music and mint it as an NFT, which can then be sold on the platform and NFT Music Marketplace ‘Serenade’ Raises. As the artists retain the copyrights, they can also set the price. Proceeds from sales on the platform are split between Serenade and the artist, with the company taking a 10 percent cut of each sale.
Serenade founder Max Shand has said the mission of the platform is to “enable artists to build closer relationships with fans while creating dynamic new revenue streams”.In the words of Serenade CEO and co-founder John Palfreyman, “We believe that NFTs are going to be a key part of the music ecosystem.” Echoing a comment made by A-list actor Hugh Jackman, he added: “They provide a new way for artists to monetise their work and connect with their fans.”
NFT Marketplaces Popping Up Left, Right, and Centre
As the NFT market continues to boom, many are trying to cash in on the craze while it lasts, and this has led to the proliferation of new NFT marketplaces and NFT Music Marketplace ‘Serenade’ Raises. In January, Crypto News Australia reported on the launch of LooksRare, which has since exploded in sales volume. Even the New York Stock Exchange is considering getting on board the NFT train.
Trailblazer is a MBW interview series that turns the focus on music business visionaries causing disturbances in their nearby business sectors, who can possibly turn into the power players of the upcoming worldwide business. This time, we address Max Shand, organizer and Chief of Melody, an arising music NFT commercial center. Pioneer is supported by Accept.
Serenade is run and established by tech business visionary (and Jackman's kindred Australian), Max Shand, who says he plans to incorporate his firm into the world's driving "class skeptic music NFT commercial center". And NFT Music Marketplace ‘Serenade’ Raises.
Serenade runs on a Layer 2 Ethereum blockchain called Polygon, which the organization claims empowers it to mint NFTs at an "harmless to the ecosystem" level (for example use definitely less energy than a regular NFT execution). goes).
With workplaces in the UK and Sydney, Melody has so far worked with specialists including The Nut-jobs, Ladyhawk, Super Wrath Creatures and others, while Shand (envisioned) was most as of late named Forbes' Rundown of 30 under 30 in Asia.
Here, as a feature of MBW's Pioneer series, Shand makes sense of that he accepts what's in store is brilliant for music NFTs - and that he accepts his organization will be at the focal point of an upset. And NFT Music Marketplace ‘Serenade’ Raises
There has been a few late information about the decrease in the interest/cost of particular kinds of NFTs. For instance, Bloomberg detailed that month to month worldwide deals of NFTs (of different kinds) are as of now prone to dip under $1 billion interestingly since the previous summer. In the mean time, OpenSea, the world's biggest NFT commercial center, has seen its deals volume drop by 75% since May.The Australian organizers keep a steady passion to show off their abilities on the global stage, since we are so distant. We enjoy the benefit of seeing key business sectors and choosing them in view of their essential worth.