SountMint, a generative platform for music NFTs, has raised USD 1.7 million in a seed funding round led by Animoca Brands with participation from Castle Island Ventures, Focus Labs, Sfermion, Sky Vision, Tess Ventures, and Goodwater Capital. The round follows a USD 30 million valuation of SountMint.
The fresh funds will be used to build an NFT marketplace to enable creators to monetize their work and interact with followers and other creators. The company also plans to build a dashboard for NFT holders to gain access to exclusive creator content, a SoundMint token, a buyback program, and an ecosystem fund.
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