The future of music production could very well live on the blockchain.
A Web3 startup with promising potential has developed the first on-chain digital audio workstation (DAW) and in the process caught the attention of a number of major electronic dance music artists.
Arpeggi Labs’ use case differs fundamentally from the vast majority of successful developments at the intersection of music and blockchain technologies, which can prove to be a key competitive advantage.
While many new platforms in the space are leading the way with a focus on facilitating symbolic ownership of music, Arpeggi is focused on revolutionizing the way music itself is created and released. . The platform accomplishes this while maintaining a proprietary credit system that ensures samples are properly selected and credited each time they are used.
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The startup just closed a $5.1 million funding round amid a tough economic backdrop for the industry, which recently suffered a loss of billions of dollars generally.
The round was led by a16z crypto and also saw the participation of many dance music powerhouses including Steve Aoki, 3LAU, Disco friesthe Audius Foundation and more. Aoki and Disco Fries are among the investors who simultaneously join the advisory team, The music industry around the world reports.
For more information or to receive a demo of Arpeggi Studio, visit Arpeggi Labs online.