Blarecast Systems announces seed round financing
Summary
LONDON, Sept. 30, 2021 /PRNewswire/ -- Blarecast Systems, the UK-based startup aiming to provide an elegant and equitable solution for the music industry with BSV blockchain technology, has closed a seed funding round led by Ayre Ventures, supported by a number of other high-net-worth investors.Utilizing unique patent pending technology, Blarecast is an innovative music distribution platform built for artists by artists. A project that has been over two years in the making, Blarecast is now ready to harness the power of the BSV blockchain including its efficient micropayments capabilities to streamline a range of next-generation use cases.Blockchain-based music distribution isnt new, but previous projects were dogged by economic and technical problems due to incorrect methods of payments via inflationary and pre-mined tokens. Blarecasts BSV-based platform allows artists to upload, publish, distribute and sell their exclusive digital content and physical merchandise to their fans at a price set by the content creators, who receive payments instantly (even in micropayments), not months (or even years) after the fact.Commenting on the funding round, co-founder and CEO Shem Booth-Spain said, "the trust, support, and direction of these partnerships will offer the Blarecast platform access to further technologies & expertise for the benefit of artists worldwide. "Co-founder and COO Luke Mayernik added that, "Blarecast allows all rights holders (artists, bands, and record labels) to harness the power of the BSV blockchain to monetize their content securely within a truly innovative, simple, yet elegant application. Blarecasts Shem Booth-Spain and Luke Wenceslas Mayernik will give a presentation on their plans to Re-Invent the Music Industry with BSV Blockchain on Wednesday, October 6.