Los Angeles-based start-up Muverse has raised $6M in Seed funding to expand its platform’s features and services, accelerate user acquisition, and enhance user experience. Muverse provides a music NFT exchange and app that enables the free trade of global music NFTs, allowing music artists, investors, and fans around the world to participate in trade.
The platform provides gamified interaction, investment, and revenue scenarios, including a rhythm game combined with an earning mode, and an NFT exchange that provides liquidity to its users. The rhythm game combined with an earning mode allows users to earn token revenue while playing the game, which will attract both game players and crypto investors to the Muverse app.
Muverse uses a dual-token model to meet the different needs of its users. The MCT token is the in-app utility token, and the MU is the platform token. The company has a global team with employees in Los Angeles, Seoul, Singapore, Vietnam, Indonesia, and the Philippines.
The Seed funding was led by a consortium of investors, including Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO, and angel investors. Muverse’s innovative platform is set to disrupt the music industry and offer a new way for artists and investors to engage with music NFTs.