According to media reports, Memusic completed a new round of funding on 2022-05-28. the investors in this funding round include Protocol Labs,Big Brain Holdings,ZBS capital,Dutch Crypto Investors,Exnetwork Capital,Outlier Ventures,Rawtech Ventures,WeBlock,7 O'Clock Capital,NFV and others. Following this round, Memusic's total funding reached $1 M.
MeMusic is the next-generation competitor to Spotify, utilizing blockchain technology to create a tailored music experience. It is an end-to-end platform for all participants in the music distribution vertical supply chain, including artists, publishers, labels, distributors, and listeners. MeMusic is constructing an inclusive ecosystem to offer various services, including streaming, Defi, NFTs, and commerce.