The decentralized music platform Stems has raised $4 million in a pre-seed funding round, with participation from Yield Guild Games and others

Chain Catcher news, the decentralized music platform Stems has completed a $4 million pre-seed funding round, led by Ideo CoLab Ventures, with participation from Collab+Currency, Village Global, Polygon Studios, Merit Circle, Yield Guild Games, FireEyes, NoiseDAO, Jump, GSR, and Akatsuki.

It is reported that Stems is a decentralized music NFT platform that encourages artists and fans to collaborate more on music through NFTs and other Web3 tools. The company will launch its music platform on October 6, during which it will mint 7 NFTs, each priced at 100 MATIC. (source link)