A $3 million fundraising round was secured by MetaBeat, a Seoul, South Korea-based company that offers a Fan-to-Earn Kpop Music NFT platform.
Investors included Dubain Labs, Layer OTC, and FZF Ventures.
In order to increase the BEAT tokens’ accessibility and liquidity, the company plans to use the funds to quickly list more of the tokens on centralised exchanges.
According to company, the investment money will be used to quickly list more BEAT tokens on centralised exchanges in an effort to increase the tokens’ liquidity and accessibility.
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In order to improve the user experience, the funding will also help add more dimensions to the MetaBeat platform in the form of technological advancements and diverse content.
MetaBeat offers a community platform for incentives that is driven by fan activity and recognised based on predetermined standards, known as the FANomance Index.
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Fans may grow and support their preferred musicians and music on it, all while earning prizes. Through engaging and fulfilling interactions supported by the company ecosystem, fans develop and deepen relationships with creators or artists.
About MetaBeat
MetaBeat uses real assets (music contents) to fund community NFTs, letting fans to finally own their artists’ music or initiatives.
