Muverse is a community-driven web3 platform for music. The platform facilitates the free global trade of music NFTs through a super app that provides a rich gamified interaction with numerous investment and revenue opportunities. The platform brings together artists, fans and investors so as to facilitate the free and frictionless trade of digital assets within the music industry globally. The super app platform is available for IOS and Android users and can be installed on mobile devices through the Apple App Store and Google Play Store respectively. The platform has numerous NFT designs and it has recently collaborated with a Japanese re-known art designer, Yoshihito Akatsuka to design new NFTs. The platform holds numerous events to popularize music NFTs and therefore gain adoption from the crypto community. To ensure security of its tokens and smart contracts, Muverse has in the past partnered with security firms. The firm prides itself in enabling the community to become the talent manager for discovering and promoting artists.
The music NFTs exchange has raised $6 million in its seed fundraising round from a consortium of companies including Knights Templar Capital, Syndicate Capital and AvatarDAO among others. The funds acquired in this fundraising round will be utilized in expanding the platforms features and services as well as acquisition of more users as well as enhancement of user experience. The platform already has a rhythm game that allows users to earn and therefore attracting more users. With the raised funds, the platform will be increasing its liquidity for users in the music NFTs exchange. The funds will also drive the platform in financing its phase 2 products including a music NFT exchange, NFT fragmentation infrastructure and an AMM(Automated Market Maker) for its fractional NFTs trading. This second phase of development is already in progress and once completed will enable Muverse to scale its operations.
The first iteration of this platform has a rhythm game combined with an earning mode to allow users to earn token revenue while playing the game and also onboard large numbers of game players as well as crypto investors to help create a strong community to back the further development of the Muverse ecosystem. The Muverse platform makes use of a dual-token system so as to cater for the users needs. It has an MCT Token that acts as an in-app utility token as well as the MU Token that is the platform token.
The platform has global teams based in global cities including Los Angeles, Seoul, Singapore, Vietnam, Indonesia and the Philippines. It has rich resources in the Hollywood and entertainment sectors. The firm has in the recent past partnered with re-known actors in the music and film entertainment sectors to sell out NFTs based on artists. In a recent partnership with FNC entertainment in Korea, Muverse sold out Lee Hong-ki’s, a Korean Pop star, NFT music collection in an hour. Muverse has expressed its satisfaction in supporting its partners in creating a highly liquid and frictionless music and NFT ecosystem that will make it global leader in the sector.
