NFT Music Platform Royal Closed $55 Million Series A Funding Round Led by a16z
TokenInsight news, NFT music platform Royal has closed a $55 million Series A round led by a16z with participation from Coinbase Ventures, Paradigm and others.
Royal democratizes music ownership by allowing users to purchase digital assets that represent their favorite songs and share royalties. The platform currently has over 120,000 registrants. This follows Royal's $16 million seed round of funding announced in August, led by Paradigm and Founders Fund.