Blockchain Music Sales Platform EVEN Raises $2.2 Million in Seed Round Financing

On April 16th, the blockchain music sales platform EVEN announced the completion of a $2.2 million seed round financing, led by CSA Partners, with angel investors such as gANGELS, gener8tor, and Daniel Rotman and Adie Akuffo Afful participating. EVEN is currently in the testing stage, allowing artists to directly sell music works to fans, providing them with exclusive music content and experience. Each transaction will be recorded on the blockchain to enhance transparency. （globalvillagespace）

The blockchain music sales platform EVEN has completed a $2.2 million seed round financing

On April 16th, blockchain music sales platform EVEN announced the completion of a $2.2 million seed round financing led by CSA Partners, with angel investors such as gANGELS, gener8tor, Daniel Rotman, and Adie Akuffo Afful participating. EVEN is a platform that is currently in the testing stage, where artists can directly sell their music works to fans, providing them with exclusive music content and experience. Each transaction on the platform will be recorded on the blockchain to enhance transparency.

What is EVEN?

EVEN is a blockchain-based platform that allows artists to directly sell their music to fans. The platform creates an exclusive community for both artists and fans to interact and enjoy music content that is not available on other platforms. EVEN aims to revolutionize the music industry by providing a platform for artists to monetize their music while keeping control of their content.

The Seed Round Financing

EVEN recently completed a seed round financing that raised $2.2 million. The round was led by CSA Partners, a venture capital firm that invests in technology startups. Other angel investors who participated include gANGELS, gener8tor, Daniel Rotman, and Adie Akuffo Afful.
The funding will be used to develop the platform further and expand its user base. The funds will also be used to acquire licenses for the music that is sold on the platform.

How EVEN Works

EVEN works by creating an exclusive community of artists and fans. Artists can upload their music to the platform, and fans can purchase the music directly from the artist. The platform enables secure transactions through smart contracts, which are recorded on the blockchain. This way, artists can keep track of their sales and royalties transparently.
EVEN creates a new revenue stream for artists, allowing them to keep control of their content and sell it directly to fans. Fans can enjoy exclusive music content and interact with their favorite artists through the platform.

Benefits of Blockchain-Based Music Platforms

Blockchain technology can revolutionize the music industry by providing a secure and transparent platform for artists to sell their music. The benefits of using blockchain-based music platforms such as EVEN include:

Enhanced Transparency

Transactions are recorded on the blockchain, which is a decentralized ledger that cannot be altered by any party. This means that sales and revenues are transparent and can be traced back to the source.

Secure Transactions

Smart contracts enable secure transactions between artists and fans without the need for intermediaries. This eliminates the risk of fraud and reduces transaction costs.

Control of Content

Artists can keep control of their content and monetize it through blockchain-based music platforms. This way, they can focus on creating quality music and interacting with their fans without the need for intermediaries.

Conclusion

Blockchain-based music platforms such as EVEN have the potential to revolutionize the music industry by providing a secure and transparent platform for artists to sell their music. The seed round financing of $2.2 million that EVEN recently completed will enable the platform to develop further and expand its user base.

FAQs

Q1. What is EVEN?

A1. EVEN is a blockchain-based platform that allows artists to directly sell their music to fans.

Q2. How will the seed round financing be used?

A2. The funds will be used to develop the platform further and expand its user base.

Q3. What are the benefits of blockchain-based music platforms?

A3. The benefits of blockchain-based music platforms include enhanced transparency, secure transactions, and control of content.