UK-based music distribution startup Blarecast Systems closes seed round to harness the power of BSV blockchain
Blarecast Systems, the UK-based startup aiming to provide an elegant and equitable solution for the music industry with BSV blockchain technology, has closed a seed funding round led by Ayre Ventures, supported by a number of other high-net-worth investors.
Utilizing unique patent pending technology, Blarecast is an innovative music distribution platform built for artists by artists. A project that has been over two years in the making, Blarecast is now ready to harness the power of the BSV blockchain, including its efficient micropayments capabilities to streamline a range of next-generation use cases.
Shem Booth-Spain, Co-founder and CEO, Blarecast Systems: "The trust, support, and direction of these partnerships will offer the Blarecast platform access to further technologies & expertise for the benefit of artists worldwide."
Blockchain-based music distribution isn't new, but previous projects were dogged by economic and technical problems due to incorrect methods of payments via inflationary and pre-mined tokens. Blarecast's BSV-based platform allows artists to upload, publish, distribute and sell their exclusive digital content and physical merchandise to their fans at a price set by the content creators, who receive payments instantly (even in micropayments), not months (or even years) after the fact.
Luke Mayernik, Co-founder and COO, Blarecast Systems: "Blarecast allows all rights holders (artists, bands, and record labels) to harness the power of the BSV blockchain to monetize their content securely within a truly innovative, simple, yet elegant application."
Calvin Ayre, Founder, Ayre Ventures: "Blarecast's platformis music to the ears of those who believe in the BSV enterprise blockchain's ability to reshape industries through its infinite scaling capacity, unparalleled data storage and cost-effective micro-transactions. With BSV as its foundation, Blarecast is poised to transform the music business in a way that prioritizes creators over gatekeepers."