There is another flurry of news in the non-fungible music collectibles space today, from funding to new drops and startups.
First, a big round of financing for startup Autograph, which has raised $170m (!) of Series B funding led by VC firms Andreessen Horowitz and Kleiner Perkins. We wrote about Autograph in April 2021 when it emerged from stealth mode with Apple’s Eddy Cue on its board and Spotify’s Dawn Ostroff and Live Nation’s Michael Rapino among its advisors.
Second, startup MoonwalkerFM (which is describing itself as an “NFT Record Label”) is releasing its ‘Season 1’ music compilation on 1 April. And yes, the company is aware of the comedy date: “No joke!”. The collection will comprise 50 lo-fi hip-hop songs, each with one ‘rare’ NFT and one ‘non-rare’ NFT. As we noted when covering the company earlier this month, a share of streaming royalties is included in the NFTs.
Third, a startup called DoomsdayX has raised pre-seed funding of $1.5m to launch NFTs with musicians, promising buyers “select governance rights on creative and marketing decisions for an upcoming music video”. Haleek Maul is the first artist to test it out.
And finally, POAP (Proof Of Attendance Protocol) has raised $10m of seed funding for its plans to mint NFTs for people attending live events, and create communities around it. Busy times.