Press Clipping
05/18/2023
Article
The Deals: Utopia Music Pacts With DP World for $125M Warehouse; Web3 Company anotherblock Raises Over $4M

Music technology companies Tuned Global and Revelator struck a partnership that will allow digital service providers and other Tuned Global customers to enable artists to mint and distribute music releases as NFTs directly on Web2 streaming platforms using Revelator’s Web3 tech. “These NFTs will coexist with traditional streamed music, enabling fans to enjoy digital collectibles and actively engage with token gated content, while providing artists with blockchain-based payment opportunities through smart contracts,” according to a press release announcing the deal. Added Revelator CEO/founder Bruno Guez: “This partnership lets music lovers collect NFTs in fan-friendly ways where they are already experiencing music. Fans won’t need to mess with wallets or special Web3 players, or even leave their favorite music platform. They’ll pay with a credit card. This access and ease will open up new revenue streams for artists, as more fans jump in.”