Unitea, a Miami, Fl-based provider of an engage-to-earn music platform, raised $7M in funding.
The round was led by 1st Class Guernsey, Chaos Capital, TokenSociety, and Fuel Venture Capital.
The company intends to use the funds to further expand the capabilities of its platform within the music industry and beyond.
Led by CEO Ketan Rahangdale, Unitea is an engage-to-earn platform that deepens connections between artists and their fans while giving brands access to advertising opportunities that enhance the end-user experience. The app incentivizes music fans to support their favorite artists in exchange for blockchain-authenticated rewards while providing a platform built for meaningful connection and artist innovation. Fans are incentivized to share their data as a way to earn Karma, while Unitea’s transparent data policy encourages ethical data use. Brands use that data in advertising, and artists can also access the data for invaluable insights into their fanbase.
