Hume Raises $11.7M Series A Funding to Bring Music to the Metaverse

Backers for the crypto venture include TCG Crypto, Collab+Currency, Gemini Frontier Fund, Aloe Blacc, Gmoney, and more. Hume says its approach to web3 tech blends music, digital identity, and storytelling to develop virtual artists known as ‘metastars’ who exist equally in the digital and physical world.
Hume’s first metastar–angelbaby–has performed live at Art Basel, Fluf Haus LA, and SXSW. Angelbaby also has multiple #1 songs on the web3 streaming platform Audius and two #1 trending music NFTs on the OpenSea platform. Founders say the new raise will be used to establish a growing roster of virtual metastar artists, build a fan to ‘metastar’ engagement platform, expand the company’s engineering, creative, music business, and marketing teams, and scale its vision to redefine what it means to be an artist and fan.

“The web3 music space isn’t just introducing new monetization models, it’s introducing entirely new genres and experiences,” says Jarrod Dicker, partner at TCG Crypto. “Through this, fans will become more deeply connected with their favorite artists and the moments that propel that passion. We believe Hume’s approach will be the driving force in this next evolution of the music business.”

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