The immersive music experience startup Stage11 has raised $5.77 million in seed funding to further its cause for reimagining music for the metaverse.
The Paris-based startup has already established partnerships with leading music personalities, such as Martin Garrix, David Guetta, Snoop Dogg, Ne-Yo, Akon, Salif Gueye, and the fashion house Institut Français de la Mode. The company will enable these artists to monetize their work using non-fungible tokens (NFTs).
The immersive music experience startup Stage11 was started by CEO Jonathan Belolo, a music industry veteran and the co-owner of Scorpio Music with a track record of 45 years of success in music from The Village People to Mi Gente by J Balvin & Beyonce.
The startup was founded by CEO Jonathan Belolo, a music industry veteran and co-owner of Scorpio Music. The European venture capital fund, Otium Capital, led the funding round. The company will invest the funds towards strategic hires, signing key artist and brand partnerships, and building its technology platform.
“As a gamer and sci-fi nerd, It feels like I’ve been dreaming about the metaverse my entire life,” said Belolo. “Now that as a society, we’re on the cusp of making it real, I find myself blessed to be part of an incredible team setting out to explore the new frontier. Building immersive music events and experiences is just the first step. We are on a journey together to reimagine the way artists and brands connect, even co-create, with their fans and audiences. We are combining genres, realities, and cultures to build something bold, thrilling, and timeless yet accessible and fun.”
Stage11 is looking to develop a novel creative canvas for artists. It will enable them to invite fans to live, play, and create inside their performances and musical worlds, combining immersive gameplay sequences, cinematic narratives, and exclusive digital collectibles.
“I’m super excited to partner up with Stage11 and work on amazing virtual experiences together. We’re currently working on my first virtual show with Stage11, and I can’t wait to share more about this very soon,’’ said DJ Martin Garrix.
Stage11’s first music experience is set to arrive in 2022.
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