Blockchain music collaboration protocol development company Baton has completed a $4.2 million financing round, led by BITKRAFT Ventures

ChainCatcher news, according to AlleyWatch, blockchain music collaboration protocol development company Baton announced the completion of a $4.2 million financing round, led by BITKRAFT Ventures, with participation from Techstars, Dorm Room Fund, NYU Innovation Venture Fund, Berkley Center for Entrepreneurship, Dark Arts, Franklin Templeton, Harmonic Future, and a number of angel investors.

It is reported that Baton has built a music collaboration protocol and a mixed media collaboration protocol based on blockchain, aimed at helping creators exchange music materials, track intellectual property, and obtain corresponding incentives. In the future, the company also hopes to expand related applications beyond the music industry.