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Tune FM Secures $50M from Global Emerging Markets for Hedera-Based Music Streaming Platform

Sep 12, 2024, 03:09 PM

Tune FM, a decentralized music streaming platform built on the Hedera Hashgraph blockchain, has secured a $50 million capital commitment from Global Emerging Markets Group. The platform uses its JAM token to enable artists to receive streaming royalties through blockchain micropayments. This funding aims to help Tune FM compete with established platforms like Spotify by offering artists up to 100 times more per stream.