Investing in Sound.xyz

Funding Rounds

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

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