Web3 music platform Public Pressure has raised USD $6 million in its new round of funding led by digital asset manager Scytale, which invests in blockchain solutions.
The funding round also attracted commitments from Ethereum & Polkadot founder Gavin Wood, Energy Web founder Ed Hesse, and other venture companies such as Matterblock and HV Capital, according to a Monday (December 12) release. Wood is among the early investors in Public Pressure.
The investment comes fresh on the heels of Public Pressure’s announcement that its first music and gaming NFT project raked in $2 million within days of its release. The project was launched in partnership with decentralized autonomous organization (DAO) Moonsama, introducing music as a gaming utility for the first time inside the Moonsama gaming metaverse.
Public Pressure, originally launched in 2015 as an online community and magazine, rebranded as a Web3 platform earlier this year. It has since initiated partnerships and campaigns with firms like Moonsama and with major fashion brands including Diesel, which focused on promoting under-represented musicians, artists, and their innovative genres. London-headquartered Public Pressure has offices and team members in Europe, Hong Kong and the United States.
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