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 (NFTs). Its co-founders, entrepreneur JD (NASDAQ:JD) Ross and DJ Justin Blau who goes by the stage name 3LAU, announced on Nov. 23 they had closed a $55 million Series A funding, following a $16 million seed round in August.