Rad, a Dallas, TX-based provider of a video streaming platform for Web 3, raised an undisclosed amount in additional funding.
The round was led by Ayre Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by Tony Mugavero, CEO, Rad provides a digital streaming platform for creators enabling instant and transparent payouts. Currently, the platform offers subscription options and on-demand purchases, with fans fully owning entitlements through blockchain technology and NFTs. With entertainment experiences from top-tier creators and studios, Rad is accessible on multiple devices, including PlayStation 5, PSVR, Oculus Quest, iOS, Google TV, and more.
