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.”