About sound.xyz
Sound.xyz provides tools that combine music and blockchain technology to help independent artists manage and monetize their work. The platform allows artists to publish their songs, sell NFTs, and engage with their communities through governance features. By using Sound.xyz, artists can have more control over their music and how they earn from it. Unlike traditional music platforms, Sound.xyz focuses on decentralization, giving artists the ability to directly connect with their audience and generate revenue through NFT sales. The goal of Sound.xyz is to create a sustainable economic model that supports artists in the digital age.
None, NoneHeadquarters
2021Year Founded
$23MTotal Funding
SERIES_ACompany Stage
Crypto & Web3, EntertainmentIndustries
11-50Employees
Benefits
Health Insurance
Mental Health Support
Dental Insurance
Vision Insurance
Remote Work Options
Phone/Internet Stipend
Risks
Collaboration with Coinbase may increase regulatory scrutiny on Sound.xyz.
Curator Rewards could lead to disputes over revenue sharing and intellectual property.
Reliance on OP Mainnet poses risks if technical issues or vulnerabilities arise.
Differentiation
Sound.xyz empowers artists with blockchain tools for control and monetization.
The platform integrates music and blockchain, offering decentralized governance and NFT sales.
Sound.xyz focuses on independent artists, enhancing revenue generation and audience engagement.
Upsides
AI-driven music recommendations enhance user experience and engagement on Sound.xyz.
Social Tokens and Fractionalized NFTs align with Sound.xyz's artist empowerment focus.
Layer 2 solutions reduce costs and improve transaction speeds for Sound.xyz.
Funding
Total raised$23.02 M
Latest valuation$100.00 M
StageSERIES_A
$4
$25.00 M