Tuesday, May 24, 2022
HomeMarketplaceSoundMint NFT Marketplace for Music Raised $1.7M in Seed Funding

SoundMint NFT Marketplace for Music Raised $1.7M in Seed Funding

SoundMint is a marketplace for NFTs that generate music and announced it had raised $1.7 million during its seed funding. The seed round was led by Animoca Brands with participation from Castle Island Ventures and Focus Labs, Sky Vision, Sky Vision, Tess Capital and Goodwater Capital.

The picture shows the the logo and text of SoundMint NFT marketplace, a platform for generative music NFTs
SoundMint builds NFT marketplace following its successful seed funding. Credit: SoundMint on Twitter

SoundMint Introduces Generative Music NFTs

SoundMint is a platform that reimagines the process of creating a new form of art and music. This startup is a new way to create music. It is a new way to interpret music collectibles on Web3. The majority of the sales go to artists.

SoundMint’s NFTs are musical compositions that are derived from stems. Each stem has different acoustic characteristics that are combined to create unique musical art pieces. The NFTs are a new type of generative music that has corresponding visual elements.

SoundMint collectibles allow fans to support artists by making an investment in their work. You can also have a say in the direction of their future creations.

“With its mission of fusing the worlds of NFTs and music, SoundMint is trailblazing a new and potentially extremely valuable path in Web3,” said Yat Siu, Executive Chairman and Co-Founder of Animoca Brands. “We’re very excited to support this talented team that is quickly establishing itself as a leader in music NFTs.”

“SoundMint is bridging a gap between the NFT community and musicians. Andre Benz, SoundMint CEO, stated that the startup is expanding the distribution and consumption of music and art. Andre Benz stated that SoundMint’s mission was to empower artists and musicians. They can also collaborate in unique ways. This will ultimately revolutionize the way fans and artists create community together.

The picture shows SoundMint NFT Vinyls for its NFT music holders
Soundmint releases Soundmint Vinyl for current NFT holders to redeem. Credit: Soundmint on Instagram

Soundmint Builds NFT Marketplace

In line with the company’s roadmap, SoundMint is using the funds raised to build an NFT marketplace. The platform will allow artists to create their own music NFTs.

They can also interact with collectors, and other creatives. A dashboard will be created for NFT holders to access exclusive content and other benefits.

SoundMint will launch SoundMint Vinyl as an NFT that current holders can redeem in the future.

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All investment/financial opinions expressed by NFTevening.com are not recommendations.

This article is educational material.

As always, make your own research prior to making any kind of investment.

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Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!


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