Stage11 raises $5.7M to reimagine music for the metaverse

Stage11 has raised $5.77 million in seed funding to reimagine music for the metaverse by combining music, games, mixed reality, and digital collectibles.

The Paris-founded startup has developed partnerships with music artists like Martin Garrix, David Guetta, Snoop Dogg, Ne-Yo, Akon, Salif Gueye, and the style residence Institut Français de la Mode. And it will assist these artists monetize their work by means of nonfungible tokens (NFTs), which can authenticate one-of-a-type digital products. NFTs use the transparent and safe digital ledger of blockchain to authenticate collectibles. NFTs are hot, but they are just one of the stepping stones to the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.

The immersive music practical experience startup Stage11 was began by CEO Jonathan Belolo, a music market veteran and the co-owner of Scorpio Music with a track record of 45 years of achievement in music from The Village People to Mi Gente by J Balvin &amp Beyonce.

Otium Capital, a European venture capital fund, led the round. Stage11 will use the funds to bring aboard strategic hires, sign important artist and brand partnerships, and make its technologies platform.

“As a gamer and sci-fi nerd, It feels like I’ve been dreaming about the metaverse my entire life,” mentioned Belolo in a statement. “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 plans to make a new inventive canvas for artists, enabling them to invite fans to live, play, and produce inside their performances and musical worlds.

These worlds combine immersive gameplay sequences, lifelike performances, cinematic narratives, and exclusive digital collectibles. Fans can not only find out and gather but basically use these interactive NFTs to produce and share exceptional customized content and even execute with their favored artists.

This types the core of a music metaverse that provides artists, brands, influencers, and fans the tools to co-produce exceptional digital experiences, collectibles, and content unlocking new income streams for all by tapping into today’s quickest-expanding markets — gaming, augmented reality, virtual reality, virtual events, and digital goods.

“I’m super excited to companion up with Stage11 and work on remarkable virtual experiences collectively. We’re presently working on my initially virtual show with Stage11 and I can not wait to share more about this pretty quickly,’’ mentioned DJ Martin Garrix, in a statement.

Stage11 can be accessed on desktop and mobile. While desktop provides a more interactive higher-definition practical experience, mobile focuses on mixed reality experiences and content creation as properly as social interaction. Both platforms merge into one seamless user practical experience.

Belolo’s cofounders are Jean-Philippe Braud Gregory Dhonner, the co-founder and director of business enterprise development for Profirst, a top luxury occasion agency and Mani Nordine, the president of American Artists Company.

They are supported by a group of professionals in gaming, technologies, entertainment, and business enterprise that have previously worked on games including  Assassin’s Creed, Marvel Avengers, Star Wars: Battlefront, animated hit Happy Feet, and top technologies and brands Facebook Oculus, Microsoft Kinect, Warner Music, Ferrari, Nike, and Virgin.

Stage11’s initially music practical experience is set to debut in 2022.

Originally appeared on: TheSpuzz