3LAU Backs $7.6 Million Funding Round to Launch NFT Social Network

Believe it or not, it seems 3LAU’s NFT endeavors are just getting started. CoinDesk reports that the famed electronic music producer and cryptocurrency pundit has helped bankroll a $7.6 million injection for Showtime, a new “NFT social network.” Crypto investment firm Paradigm also backed the funding round for the platform, which allows users to discover and showcase NFT …

Spotify founder Daniel Ek says he’s secured funding for Arsenal takeover

Spotify founder Daniel Ek has insisted that he’s serious about his bid to buy Arsenal and has the necessary funding for the move. It comes after Ek, who founded the streaming service in 2006 is estimated to be worth £3.4billion, reportedly recruited Arsenal legends Thierry Henry, Patrick Viera and Dennis Bergkamp in a bid to …

3LAU, Ashton Kutcher, Mark Cuban, More to Judge Shark Tank-Like NFT Funding Contest

As the NFT mania rages on, a new Shark Tank-like competition is set to debut with a number of high-profile judges. NFTs: The Pitch is a go following a $1 million funding round by Sound Ventures, a major venture capital firm founded by Guy Oseary and famed actor and entrepreneur Ashton Kutcher. Both execs will appear …

NTIA shares disappointment at lack of funding from latest round of Cultural Recovery Fund

The Night Time Industries Association (NTIA) has shared its disappointment at some key contemporary music businesses missing out on cultural recovery funding. READ MORE: The beat goes on: how the UK dance scene’s DJs, clubs and festivals are fighting for survival Announced yesterday (April 2), the latest round of the UK government’s Cultural Recovery Fund awarded …

Congress passes COVID-19 relief bill with $15 billion in funding for independent venues – Dancing Astronaut

by: Rugby Scruggs Dec 21, 2020 On December 20, the United States Congress reached an agreement on a $900 billion relief package that, in addition to granting an individual payment of $600 to each qualifying American, will afford $15 billion to “venues, independent movie theaters, and cultural institutions.” Senate Minority Leader Chuck Schumer said, “I’m …

Output Celebrates $45 Million Series A Funding

The music software company Output is celebrating its recent Series A funding. Valued at $45 million, the round was raised by Massachusetts-based investment firm Summit Partners.  Output is commonly known for its loop synthesizer program, Arcade, which promises new content daily. All of their loops are contained within the application so producers will not have to search through their …