Binance VC arm leads $1.3M raise for decentralized streaming protocol

[Dociko]

Decentralized music sharing service Audius has raised nearly $10 million so far. Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm.

According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music fans with artists.

The latest investment round follows a $3.1 million round co-led by Multicoin Capital and Blockchange Ventures in July 2020. Major industry players like Pantera Capital and Coinbase Ventures also participated in the round, as previously announced.
Details: https://cointelegraph.com/news/binance-vc-arm-leads-1-3m-raise-for-decentralized-streaming-protocol