On-chain music platform Royal has announced a Series A funding round led by venture capital giant Andreessen Horowitz.
Royal allows fans to buy music rights via nonfungible tokens (NFT). Its co-founders, entrepreneur JD (NASDAQ:JD) Ross and DJ Justin Blau who goes by the stage name 3LAU, announced on Tuesday they had closed a $55-million Series A funding following a $16-million seed round in August.