Web3 streaming and superfan-monetization platform Tune.fm has announced a $20 million raise and plans to score major label licensing deals. Founded in 2011 by brothers Andrew and Brian Antar, Tune.fm says its Hedera Hashgraph-built JAM token and adjacent “micropayments technology” afford artists “instant royalties” for on-platform streaming. The overarching model also enables creators to pull in between 10 and 100 times more royalties than they would on traditional services like Apple Music and Spotify, according to Tune.fm.
Source: Web3 Streaming Platform Tune.fm Announces $20 Million Raise