Blockchain music making startup Arpeggi Labs raises $5.1m from a16z crypto, Steve Aoki, 3LAU and more
Web3 music creation startup Arpeggi Labs has raised $5.1 million in a seed round led by a16z crypto.
The startup claims to be the first blockchain music creation platform, allowing creators to compose, collaborate, and sell their music on blockchain.
The startup says it allows musicians to “compose and encapsulate their songs as completely on-chain NFTs”.
Arpeggi also claims that their Arpeggi Studio is the only online digital audio workstation (DAW).
The seed round also included participation from 1confirmation, Palm Tree Crew, WndrCo Ventures, Steve Aoki, 3LAU, Wyclef Jean, Disco Fries, Electric Feel Ventures, Louis Bell, Joe Zadeh, Audius Foundation, Shayne Coplan, Paul Veradittakit and Cooper Turley .
In addition to their investment, Steve Aoki, Wyclef Jean, Louis Bell, Electric Feel Ventures & Disco Fries will join Arpeggi as advisors.
“We are delighted to have a roster of experienced and renowned partners supporting our mission and are grateful to the a16z Cultural Leadership Foundation team, who facilitated showcases for artists. and other strategic investors along the way,” speak kick off in a blog post.
Arpeggi, founded by brothers Evan and Kyle Dhillon, and co-founder James Pastan, claims to be “building the home of Web3 for creating and publishing music”.
“While many web3 music platforms are focused on changing the way we own music, Arpeggi changes the way we make music by ensuring that the author is credited to the right source when audio is used. use.”
Arpeggi
The startup further stated that, “While many web3 music platforms are focused on changing the way we own music, Arpeggi changes the way we make music by ensuring attribution. to the appropriate source when audio is used”.
Add the company to its blog post: “With Arpeggi, anyone can create, upload, publish, and discover sounds and songs for other musicians to use through remixing and sampling. .
“Arpeggi ensures artists receive proper credit when their work is used, creating a new paradigm for music creation: artists can now promote their music for reproduction use creativity instead of restricting it.”
Other music creation apps that have closed their funding rounds in recent months include Reykjavik, Iceland-born music maker Overtune, close the door a $2 million seed round in July.
In April, social music creation platform BandLab disclosure that it raised $65 million in a Series B round, with an after-money valuation of $315 million.Worldwide music business
