Investing in Sound.xyz
Summary
a16z crypto says it has led Sound.xyz’s Series A round and is doubling down on the company. Sound positions itself as a web3-native music platform that helps artists distribute music, sell NFTs, and earn revenue directly from fans. The post highlights more than 500 onboarded artists and over $5 million earned through primary sales and secondary royalties. It also emphasizes the Sound Protocol, which gives artists and developers composable, artist-owned song contracts and customizable drop experiences. The announcement frames Sound as a software platform reshaping music monetization and fan engagement.
Funding
Amount
None
Total raised
Date
July 12, 2023
Announcement date
Investors
-
Lead investors
Company
sound.xyz
Funded company
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected