Tune.fm Secures 50 Million Investment to Enhance Blockchain Music Streaming

Blockchain music startup Tune.fm has secured $50 million from Global Emerging Markets, raising its total funding to $80 million. The investment will enhance liquidity for its JAM token, which rewards artists and users on the platform, where artists earn micropayments for streams and users can earn tokens by discovering new music. The platform, powered by the Hedera blockchain, simplifies onboarding for non-crypto users by automatically creating a blockchain wallet upon account creation.

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