SoundMint, a generative platform for music NFTs, has raised a $1.7 million in a seed round led by Animoca Brands.
SoundMint, a generative platform for music NFTs, has raised a $1.7 million in a seed round led by Animoca Brands.
Castle Island Ventures, Focus Labs, Sfermion, Sky Vision, Tess Capital, and Goodwater Capital also participated in the round which comes on the heels of a $30 million appraisal of the business.
The fundraising announcement coincides with the platform’s next NFT drop collaboration, Back In Time, between musical artist Kaien Cruz and renowned visual artist SomeHoodlum. The Back in Time collaboration drops in late April, 2022. SoundMint’s inaugural drop between music artist Kloud and visual artist Hooker, sold 5,000 copies valued at US$2.5 million.
