Web3 company Medallion raises $9 million in seed funding

05/21 12:40

According to DigitalMusicNews, Web3 company Medallion has raised $9 million in its seed funding round. The company is led by Matt Jones, the former CEO of the concert discovery service, Songkick. Medallion says it is working on technology to allow artists to create “owned and operated digital worlds in web3 to expand fan participation, actionable insights, and economic potential.” Essentially, Medallion is taking its crack at building a metaverse for artists to connect digitally with their fans. Medallion’s seed funding round was led by The Chernin Group and attracted participation from investors across multiple sectors. Other investors include Alive VC, Betaworks, Blue Mind Capital, Coil, Copper, Flamingo DAO, Infinite Capital, Noise DAO, POAP Ventures, Polygon Ventures, Shima Capital, Spacestation, Synergis Capital, The Chernin Group, Third Prime and Wave Financial.
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