NFT Music Platform Royal Closes $55M Funding Round Led by a16z

Posted on by American Coins & Gold

NFT Music Platform Royal Closes M Funding Round Led by a16z
Royal, the music tokenization platform launched by DJ and entrepreneur Justin “3LAU” Blau, closed a $55 million Series A funding round on Monday, CoinDesk confirmed.Andreessen Horowitz (a16z) led the round, which also included participation by Coinbase Ventures, Paradigm and the performers, The Chainsmokers and Nas.“In addition to their audacious vision, what makes this founding team so unique is 3LAU’s firsthand experience as a musician paired with JD’s exceptional track record as a repeat founder and startup operator,” a16z General Partner Katie Haun wrote in a blog post.The funding comes less than three months after Royal raised a $16 million seed…