Web3 music platform Public Pressure raises $6m led by Scytale

12/13 12:38

According to Music Business Worldwide, Web3 music platform Public Pressure has raised $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. Public Pressure’s Web3 platform is built on what it says is the “eco-friendly blockchain” Polkadot. Polkadot was designed to support the transition of music to Web3, Public Pressure says.

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