Share this article
Tune.FM, Music Streaming Project on Hedera Blockchain, Gets $50M Capital Commitment
The news comes just eight months after Tune.FM shared it had raised $20 million in a funding round.
Updated Sep 12, 2024, 3:00 p.m. Published Sep 12, 2024, 3:00 p.m.
Web3 music platform Tune.FM said Wednesday that it has secured a $50 million capital commitment from the Global Emerging Markets (GEM) Group.
The news comes just eight months after Tune.FM shared it had raised $20 million in a funding round.
STORY CONTINUES BELOW
Tune.FM, which describes itself as a decentralized music-streaming project atop the Hedera Hashgraph blockchain, aims to help artists earn more in royalties from their music by “streaming royalty micropayments and digital music collectibles,” with its native JAM token.
“Artists can expand their fanbase by promoting their music with JAM, so first-time listeners can play-to-earn JAM to discover newly promoted music. This allows artists to earn an ROI on their promotion as new fans discover and stream their music again and again,” Tune.FM wrote in a press release shared with CoinDesk.
The new capital will go towards growing its users as well as towards efforts to promote its token, marketing, development, and new product offerings, Tune.FM said.
“Tune.FM will soon launch a desktop application for Mac and Windows to complement our mobile apps in the Apple App Store and Google Play Store,” the team shared in the press release.
Read more: Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
Cosa sapere:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
Top Stories
