Sound is a San Francisco–based Web3 music platform that lets artists upload songs onchain and mint them as NFTs, using Ethereum and the Optimism layer-2 scaling solution. Artists maintain creative control, set valuations for their catalogs, retain 100% of master and publishing rights, and receive instant, transparent payments whenever a fan collects a song. The platform emphasizes direct artist–fan relationships without intermediaries and rewards listeners for discovering and curating music. Fans can collect music, leave permanent comments, access group chats with artists and other collectors, and earn money by making playlists and sharing links. Sound launched to the public and plans to use new funding to expand operations and broaden its business reach. Sound.xyz builds web3 tools to help recording artists monetize their communities via NFTs. Its first product, Listening Parties, lets artists sell limited-edition NFTs tied to song releases. Early drops have been limited to a couple dozen NFTs that sold out and have generated roughly $10,000 in proceeds for artists. The company does not take a commission on those NFT sales. Sound.xyz is experimenting with features like enabling NFT holders to leave comments on streams and plans broader tools for fan crowdfunding and new incentive models for curators. CEO David Greenstein says the goal is to get music heard and get artists paid through new NFT-driven economics.

Total raised

$25M

Funding rounds

2

Latest round

Series A

Latest activity

Jul 2023