SpiderVille, a Web3 music startup, has raised a $1M pre-seed round from Contents Technologies, Samsung Next, and other notable angel investors to improve the discovery and distribution of music NFTs.
The funding will be put toward developing a sound infrastructure for Web3 artists and the music industry, raising awareness, and priming it for scalability.
According to its announcement, the company is set to launch its project Ooh La La, a Web3 music player designed to provide an easier way for users to discover, listen to, and manage their music NFTs.
“Despite music NFTs promising a more equitable system for artists than streaming, it is difficult for new users to discover them. So we’ve pulled them together in a single interface for users to easily navigate fresh musical content,” Hyug Bin Kwon, co-founder and CEO of SpiderVille, shared in a statement.
The Ooh La La alpha will feature a single interface to aggregate music NFTs owned by users across various blockchain networks, along with playlist management and trending track discovery.
Emphasizing a truly borderless music NFT experience, the project also hopes to provide an accessible on-ramp for artists and consumers from under-represented regions.
“SpiderVille’s dedicated team is focused on building a product that isn’t just temporary hype but has real-world impact. We think SpiderVille will be a key player in this space, and we are proud to work closely with them to reshape the music industry for artists worldwide,” said Jangwon Lee, the founder of Contents Technologies.
To explore Ooh La La and engage with the community visit Twitter, Discord, and their blog.
About Contents Technologies
Contents Technologies is the largest music IP fund/tech company in Asia. It has recently designed and submitted a prospectus of “KPOP ETF” with a ticker name of KPOP to the U.S. Securities and Exchange Commission (SEC), to offer worldwide investors great access to the listed Korean companies in the entertainment and interactive media. Its subsidiary Beyond Music also has currently secured adjacency and copyright to about 25,000 songs.
For more information, visit: http://en.beyondmusic.io/
About Samsung Next
Samsung Next is the venture capital unit of Samsung Electronics Co. It has been building up and leading a global startup ecosystem that embraces the most innovative areas, including blockchain, fintech, healthtech, artificial intelligence, open source cloud-native computing infrastructure, and mediatech.