On-chain music startup Sound.xyz has confirmed the public launch of its new artist-first NFT platform alongside a further $20 million in Series A funding led by Andreessen Horowitz.
Founded in 2021, Sound allows musicians to upload their songs to the on-chain platform and sell them for whatever price they want. Over the past 12 months in closed beta, Sound has paid out $5.5 million in total to 500 artists, who have collectively released some 1,600 songs as music NFTs.
From today, any artist can now upload their music to Sound and retain 100% ownership. Sound lets artists mint NFTs on the Ethereum mainnet, as well as scaling network Optimism.
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