Muverse, a Los Angeles, CA-based provider of a music NFT exchange and app, raised $6M in Seed funding.
The round was led by a consortium of investors, including Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO and angel investors.
The company intends to expand the platform’s features and services, accelerate user acquisition, and enhance the user experience.
Muverse is a platform that enables the free trade of global music NFTs, allowing music artists, investors, and fans around the world to participate in trade. The platform provides users with gamified interaction, investment, and revenue scenarios, including a rhythm game combined with an earning mode, and an NFT exchange that provides liquidity to its users.
Muverse’s phase I product is a rhythm game combined with an earning mode, allowing users to earn token revenue while playing the game. The combination of a rhythm game and earning mode will bring large numbers of game players and crypto investors to the Muverse app and help build a community that can drive the development of the Muverse ecosystem.
The company uses a dual-token model to meet the different needs of its users. The MCT token is the in-app utility token, and the MU is the platform token.
Muverse has a global team with employees in Los Angeles, Seoul, Singapore, Vietnam, Indonesia and the Philippines.
FinSMEs