DRiP Haus, an Austin, TX-based provider of a Solana-based creator platform, acquired Vault Music, a provider of a limited-edition music platform on the Solana blockchain.
The amount of the deal was not disclosed.
Wit the acquisition, DRiP will enhance its experience for musicians and on-chain music collectors in the Solana ecosystem. All Vault Music drops and users will transition to the DRiP platform, in alignment with the upcoming release of DRiP’s mobile app, which will expand the types of content and experiences available to the creator platform’s users.
Led by CEO Kara Burney, Vault Music is a provider of a music platform that allows artists to create exclusive, limited-edition music releases. It provides a format that rewards top fans and creates new revenue streams for artists, ensuring artists benefit from every resold release. Vault released over 100 music drops a year from artists like FLETCHER, Kids That Fly, Caroline Rose, AKTHESAVIOR, Naika, BLÜ EYES, and many more.
Led by CEO Vibhu Norby, DRiP is a provider of a creator platform on the Solana blockchain that allows artists and creators to distribute digital works, such as art and music, to their followers. With a focus on mainstream-friendly user experience, it is expanding the types of content and experiences available to creators, including news, video, and podcasts.
DRiP will release its tier-1 mobile app on Android and iOS later this summer. The mobile app, currently in alpha testing, will feature a natively embedded wallet automatically created for the user, as well as highly requested music-specific features, easing the onboarding process for non-crypto music fans.
FinSMEs
02/07/2024