NFT Music Marketplace OneOf Raises $8M
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2 August

NFT music platform OneOf just raised more than $8 million in a strategic investment.

According to the press release shared by the company, participants in the investment round include Amex Ventures (the venture arm of American Express), Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund and others.

The company has reportedly raised $72 million including this latest round.

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Lin Dai, CEO of the platform, has said:

"As the Web3 market matures and consolidates, we see great opportunities in creating new commerce models, enabling creators of all shapes and sizes, from the biggest global brands to the newest independent artists, to unlock the real world potentials of this new technology."

OneOf describes itself as a "green NFT platform" powered by the Tezos blockchain designed for the music community.

In the spring of 2021, the platform announced it had raised $63 million.

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