Blockchain-based music app raises $5.5 million

Blockchain-based music app raises $5.5 million

The blockchain integrated music sharing application Audius has $5.5 million through the Series A funding round. The funding round was led by General Catalyst and Lightspeed. Investors who invested in the project include Kleiner Perkins, Pantera Capital, 122West and Ascolta Ventures. The Audius would also be using token incentives. The users would pay in tokens for music.

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