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You are at:Home » Web3 music startup SpiderVille bags $1M Funding from Samsung Next, and others
Investment & Funding

Web3 music startup SpiderVille bags $1M Funding from Samsung Next, and others

The company will use the funds for developing a sound infrastructure for Web3 artists and the music industry, raising awareness, and priming it for scalability.
Ravi KumarBy Ravi KumarJuly 25, 2022Updated:July 25, 2022No Comments2 Mins Read
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Web3 music startup SpiderVille bags $1M Funding from Samsung Next, and others
Web3 music startup SpiderVille bags $1M Funding from Samsung Next, and others
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Web3 music startup SpiderVille has raised $1 million in a pre-seed funding round from Samsung Next, Contents Technologies, and other notable angel investors to improve the discovery and distribution of music NFTs.

The company will use the funds for developing a sound infrastructure for Web3 artists and the music industry, raising awareness, and priming it for scalability.

SpiderVille will soon be launching a Web3 music player – Ooh La La – designed to provide an easier way for users to discover, listen to, and manage their music NFTs.

Hyug Bin Kwon, co-founder and CEO of SpiderVille, said:

“Despite music NFTs promising a more equitable system for artists than streaming, it is difficult for new users to discover them. So we’ve pulled them together in a single interface for users to easily navigate fresh musical content.”

According to the company, the Ooh La La alpha will feature a single interface to aggregate music NFTs owned by users across various blockchain networks, along with playlist management and trending track discovery.

Emphasizing a truly borderless music NFT experience, the project also hopes to provide an accessible on-ramp for artists and consumers from under-represented regions.

Jangwon Lee, the founder of Contents Technologies, said:

“SpiderVille’s dedicated team is focused on building a product that isn’t just temporary hype but has real-world impact. We think SpiderVille will be a key player in this space, and we are proud to work closely with them to reshape the music industry for artists worldwide.”

Read Also: Tamago Raises $1M Seed Funding To Build Web3 Audio Streaming Platform

Contents Technologies Music Music NFT Samsung Next SpiderVille
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Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

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