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Stage raises USD 2.4 million in seed funding and launches platform
Web3 Ecosystem
Jun 14, 2024
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Web3 Ecosystem

Web3 Ecosystem

Jun 14, 2024

Stage raises USD 2.4 million in seed funding and launches platform

Product updates
Funding

  • Stage, a Web3-based platform connecting artists with their fans, has raised USD 2.4 million in a seed funding round led by the Solana Foundation. Other investors include RR2 Capital, Moonrock Ventures, Cogitent, and the CEO of Kraken US.

  • Moreover, Stage introduced its platform where music enthusiasts can actively shape the rise of emerging talents and receive incentives in return. On Stage, artists share their video performances and participate in thrilling competitions to gain fame. Fans play a pivotal role by voting for their preferred artists, potentially earning special rewards and interacting with distinctive real-world asset badges.

  • The company also plans to launch its native token STAGE on the BNB Chain, which can be used for voting and rewards. Artists receive 60% of voting proceeds and 10% royalties on RWA Badges.

  • Founded by André Cruz, Geoffrey Doyen, and Francisco Quartin de Macedo, Stage is focused on creating a Web3 music ecosystem that transforms the experience through a play-to-earn approach. They tokenize music assets using AI and facilitate digital asset trading. Stage has additionally partnered with celebrity ambassadors to expand its influence and visibility.

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