Tune.FM is a decentralized music-streaming project on the Hedera Hashgraph blockchain that aims to increase artist earnings through streaming royalty micropayments and digital music collectibles using its native JAM token. The platform supports a play-to-earn mechanic where first-time listeners can earn JAM when discovering promoted music, letting artists earn an ROI on promotion as new fans repeatedly stream their tracks. Tune.FM said the new capital will be used to grow its user base and to promote its token, marketing, development, and new product offerings. The company plans to soon launch a desktop application for Mac and Windows to complement its existing mobile apps in the Apple App Store and Google Play Store. Financially, Tune.FM disclosed a $50 million capital commitment from the Global Emerging Markets (GEM) Group. This announcement follows a $20 million funding round the company reported eight months earlier. Tune.FM is a Web3 music platform built on Hedera Hashgraph technology. The platform enables musicians to receive streaming micro-payments through its native JAM token. It also mints NFTs for digital music assets and collectibles. Tune.FM’s product centers on artist monetization and digital ownership. The company recently secured a $20M strategic investment from alternative investment group LDA Capital.

Total raised

$70M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2024