#SphereTrax Secures £250,000 in Funding from Jenson Funding Partners to Boost Music Creation for Creators
On March 22, it was reported that SphereTrax, a Web3 music creator platform, completed a £ 250000 (approximately $306800) financing investment from Jenson Funding Partners to suppo
On March 22, it was reported that SphereTrax, a Web3 music creator platform, completed a £ 250000 (approximately $306800) financing investment from Jenson Funding Partners to support its efforts to obtain music control for creators. This round of financing will be used to expand the SphereTrax team.
Web3 music creator platform SphereTrax completed £ 250000 financing
##Introduction
On March 22, news broke about SphereTrax, a Web3 music creator platform, securing a big financing investment of £250,000 (approximately $306,800). The funding came from Jenson Funding Partners and is aimed at boosting the company’s music control for creators. SphereTrax will use the investment to enlarge its team.
##What is SphereTrax?
SphereTrax is a Web3-based platform that was designed to offer musicians the freedom of creating, distributing, and controlling their music without involving middlemen. The platform provides musicians with an opportunity to monetize their content whilst continuing to keep control of their music. It also helps with licensing issues and copyright management.
##SphereTrax Funding from Jenson Funding Partners
Just recently, SphereTrax hit a jackpot with a funding investment of £250,000 which came from Jenson Funding Partners, a UK based investment group. The funding will help the company expand by hiring talent to grow and improve their technology. Additionally, the funds will be used to fast-track the development of SphereTrax products and services, turning the platform into the go-to for music creators.
##How Will SphereTrax Change the Music Industry?
SphereTrax intends to become the ultimate solution for creators who wish to retain control over their music. With their blockchain-based platform, the problem of ownership rights is solved, and musicians can monetize their content. In contrast to traditional music creation and distribution platforms that take away control and often leave musicians with a meager portion of the profits, SphereTrax offers full control of music rights.
The platform will be equipped with top-notch technology for distribution, management, and monetization of music. The payment structure is streamlined to give artists more of the profits than most traditional platforms. SphereTrax will also give musicians access to a global community and audience that, until now, was almost impossible to reach.
##Why Is Jenson Funding Partners Investing?
Jenson Funding Partners has been investing in the UK’s entrepreneurial ecosystem for years, and their investment in SphereTrax was a no brainer. The co-founders of SphereTrax shared, in an interview, that “It is evident that the Jenson team recognizes the potential for blockchain to disrupt industry sectors, and they are seeking innovative ideas that solve real-world problems.” With the rise of blockchain technology, investors like Jenson Funding Partners are excited to invest in innovative, blockchain-based solutions like SphereTrax.
##Conclusion
SphereTrax’s new financing round of £250,000 will see the company continue its expansion, bringing blockchain innovation to the music industry. By enabling music creators to maintain control and monetize their content, SphereTrax seeks to change the status quo of the music industry by offering a powerful new tool that empowers artists like never before. If you’re a music creator looking for a platform that honors your music, stay tuned for SphereTrax.
##FAQs
1. Why is SphereTrax considered the ultimate solution for music creators?
SphereTrax’s blockchain-based platform puts control back in the hands of musicians. They get to monetize their content and retain ownership rights.
2. How can SphereTrax change the music industry?
SphereTrax empowers musicians by giving them direct control over their music. The platform provides a streamlined payment structure that ensures they receive more of the profits than with traditional platforms.
3. Who is the investor behind SphereTrax?
Jenson Funding Partners, a UK-based investment group, is the primary financier of SphereTrax.
##Keywords
SphereTrax, Web3-based platform, Jenson Funding Partners, blockchain-based, music control, ownership rights, monetization, traditional music creation, payment structure, innovative, musicians, profits, investment
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