Decentralized fan engagement platform AmplifyWorld completes $1.2 million financing, with participation from Chapel Ventures

ChainCatcher news, the decentralized fan engagement platform AmplifyWorld has announced the completion of a $1.2 million funding round, with early-stage venture capital firm Chapel Ventures participating. It is reported that this funding deal was conducted through a Simple Agreement for Future Tokens (SAFT). AmplifyWorld aims to empower artists and fans in the music industry by leveraging blockchain and Web3 technologies. They are currently preparing to launch a token to build a new music economy, allowing artists to connect directly with fans. The new funds are intended to accelerate the development and deployment of the token.