Description
Corite is a web3 music platform that enables fans to support and invest in their favorite artists' projects by offering shares in streaming revenues. Founded in 2018 in Sweden, Corite fosters a deeper artist-fan connection and democratizes music funding through blockchain technology, ensuring transparent and secure transactions. The platform launched its beta version in October 2019, amassing 25,000 users. Corite expanded to the US market in July 2021, partners with Hitco, and raised $2.2 million in a utility token presale. The company collaborates with music industry legends and secured a €600K seed round in January 2022, followed by a $6.2 million private token sale, drawing investors like NGC, KuCoin Labs, and Shima Capital. Corite allows artists to independently build careers, distribute and market music, and provides fans with daily streaming data, revolutionizing the music industry by creating a fan-driven economy.
Corite is a web3 music platform that enables fans to support and invest in their favorite artists' projects by offering shares in streaming revenues. Founded in 2018 in Sweden, Corite fosters a deeper artist-fan connection and democratizes music funding through blockchain technology, ensuring transparent and secure transactions. The platform launched its beta version in October 2019, amassing 25,000 users. Corite expanded to the US market in July 2021, partners with Hitco, and raised $2.2 million in a utility token presale. The company collaborates with music industry legends and secured a €600K seed round in January 2022, followed by a $6.2 million private token sale, drawing investors like NGC, KuCoin Labs, and Shima Capital. Corite allows artists to independently build careers, distribute and market music, and provides fans with daily streaming data, revolutionizing the music industry by creating a fan-driven economy.
