FanDuel has become one of the biggest names in the sports-betting world, but now its founders are getting into music NFTs with their new startup Vault.
Well, we say NFTs: they are seeking to rebrand the idea as the ‘digital music collectible’ (DMC – which can’t help but make us think of the pioneering hip-hop group).
Anyway, Vault has raised $4m of funding to continue developing its new format, and has already worked with artist Fletcher on a popular series of drops.
Elsewhere in NFT-land, Revelator has added a new feature to its artist platform that it says will make it easier for musicians to mint and sell their music NFTs, as well as track the royalties alongside their other income.
It’s also one of the companies flagging up an ability to sell those NFTs for dollars rather than just crypto, to make them more accessible to fans.
Finally, an apology: yesterday we managed to mis-spell the name of music NFTs startup Guzzu in a story, calling it Guzzo instead. By way of amends, here’s the link again to its debut NFT: some market research into… music NFTs!