Decentralised music NFT platform, Stems, has raised $4 million in a pre-seed round led by investment firm, Ideo CoLab Ventures. Additional participants include Collab+Currency, Village Global, Polygon Studios, Merit Circle, Yield Guild Games, FireEyes, NoiseDAO, Jump, GSR, Akatsuki and others. Launching on Oct 6, the Stems platform is hosted on the Polygon blockchain.
Source: Decentralised Music NFT Platform Stems Raises $4M Pre-seed Funding – NFTgators