Music NFT marketplace OneOf raises more than $8 million in investments

Non-fungible token (NFT) music platform OneOf has raised strategic investment worthmore than $8 million. This is stated in a press release.

The round was attended by Amex Ventures (venturedivision of American Express), Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund and others. Including this round, the amount of funds raised by OneOf exceeded $72 million.

“As the Web3 market matures and consolidates, weWe see great opportunities in shaping new commercial models that allow creators of all shapes and sizes, from the world's biggest brands to emerging independent artists, to unlock the real potential of this new technology,” said Lin Dai, CEO of the platform.

OneOf bills itself as an “eco-friendly NFT platform” powered by the Tezos blockchain, designed for the music community.  

In the spring of 2021, the platform announced that it had raised $63 million. It was attended by eco-activist Bill Tai, Jack Herrick, Suna Saeed of Nima Capital, Sangha Capital, and the Tezos Foundation.

In November, OneOf partnered with the US National Academy of Recording Arts and Sciences to produce NFTs for the 64th, 65th and 66th Annual Grammy Music Awards.

Read about what Tezos is in ForkLog educational cards.

Recall that in February, rapper Snoop Dogg announced plans to turn his Death Row Records into the first NFT label, whose artists will be active participants in the metaverse.

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