Share this article
Tune.FM, Music Streaming Project on Hedera Blockchain, Gets $50M Capital Commitment
The news comes just eight months after Tune.FM shared it had raised $20 million in a funding round.
Sep 12, 2024, 3:00 p.m.
Make us preferred on Google
Web3 music platform Tune.FM said Wednesday that it has secured a $50 million capital commitment from the Global Emerging Markets (GEM) Group.
The news comes just eight months after Tune.FM shared it had raised $20 million in a funding round.
STORY CONTINUES BELOW
Tune.FM, which describes itself as a decentralized music-streaming project atop the Hedera Hashgraph blockchain, aims to help artists earn more in royalties from their music by “streaming royalty micropayments and digital music collectibles,” with its native JAM token.
“Artists can expand their fanbase by promoting their music with JAM, so first-time listeners can play-to-earn JAM to discover newly promoted music. This allows artists to earn an ROI on their promotion as new fans discover and stream their music again and again,” Tune.FM wrote in a press release shared with CoinDesk.
The new capital will go towards growing its users as well as towards efforts to promote its token, marketing, development, and new product offerings, Tune.FM said.
“Tune.FM will soon launch a desktop application for Mac and Windows to complement our mobile apps in the Apple App Store and Google Play Store,” the team shared in the press release.
Read more: Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
What to know:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
Top Stories
