Music analytics and fintech startup Paperchain and Centrifuge, a decentralized platform that connects the global financial supply chain, has advancedmade its first advance based on future Spotify royalties. The transaction is a world-first example demonstrating how decentralized finance (DeFi) technologies can unlock the $100 billion in digital media revenue sitting in 90 day accounts receivable around the world.
Source: Paperchain Advances $60K Spotify Royalties In 30 Minutes
