Animal Concerts Announces Nearly $7MM In Funding - Continues Working w/ A-List Artists; Live Concerts Landscape Changed
Feb 17, 2022
- Chicago, Illinois Feb 17, 2022 (Issuewire.com) -
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Animal Concerts Raises $6.75 Million Private Round
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$800k in Token Sales Across Five Launchpads
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Live concerts have already been hosted in conjunction with the platform featuring GRAMMY award-winning artists such as Alicia Keys, Diplo, Future, Busta Rhymes, and Gunna (nominated)
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The top 4 management companies in the world, WME, United Talent CAA, and Paradigm, are approaching Animal Concerts as the leader in the Metaverse concert space
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Revolutionizing The Online Entertainment Model Through A Combination Of Cryptocurrencies, Non-Fungible Tokens (NFTs), Distributed Ledgers, and VR Innovation
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Launching its own in-house cryptocurrency specific to the live concert industry with some real utilities never before experienced
Animal Concerts is a next-generation entertainment platform that has already hosted concerts with Busta Rhymes, Future, Alicia Keys, Meek Mill, Diplo, and Gunna in the metaverse. They successfully held a $6.75 million private round from a consortium of funds and token holders.
Some of the prominent backers within the private round included ZMT Capital, Maven Capital, Metrix Capital, Magnus Capital, Skybridge20, Arkn, Amesten Capital, Greenhorns Capital, Brotherhood VC, Interstellar Ventures, and Sheesha Finance. Additional supporters included Polygon and Klaytn through ecosystem grants, as well as Netvrk, Vera, and GlobalStar.
Animal Concerts has a number of initiatives towards which the funds are being allocated. This will mainly include the pursuit of top-tier artists for metaverse events as well as collaborative NFT drops, marketing, ecosystem development, liquidity provisioning, and team expansion. Shortly after the fundraising, an in-person concert was held in LA on the 12th of February with Mill, Diplo, and Gunna. The project is finalizing two sets of NFT collections: one with an A-list artist and their own, along with securing a Tier 1 exchange to list the $ANML token in the coming months.
The project is looking to disrupt the existing live concert and online entertainment industry by securing record deals with artists and providing a new means of experiencing entertainment events. This will further open revenue generation models in the form of record deals, ticket sales, merchandising, advertising, and more.
The project whitepaper notes the glaring inefficiencies within the existing concert industry and is complementing it with decentralized technologies to ensure a more interactive and equitable transaction for all parties.
Animal Concerts is launching its own in-house cryptocurrency specific to the live concert industry with some real utilities never before experienced. The project is bringing an entirely new 'Watch-to-Earn' model where metaverse participants are rewarded for their time and attention. Alongside being able to use your $ANML to purchase merch, virtual meet and greets, and stake to get access to free concerts, the ecosystem invites purchasers to get involved knowing their tokens are getting circulated into best use case scenarios.
Alongside the successful private round, the $ANML token was available for purchase on five project launchpads between January 17-21, before selling $800k throughout the week. The launchpads included Vent, Finance, Firestarter, Synapse Network, Polkabridge, and Starter. The price for the token was $0.0045. For each IDO the lock-up was 25% at the TGE with 75% vested over 6 months. These project launchpads assist in finding long-term holders, incubation and awareness, marketing, and KYC verification.
Next on the Animal Concerts roadmap is a Tier 1 CEX listing where the token, $ANML, will be listed and available for purchase. They also have secured AscendEX as another exchange that will list $ANML. Finally, an exciting NFT drop in collaboration with an A-list artist will be hitting the marketplace in the next quarter.
About Animal Concerts
Animal Concerts is building the Next Generation of Live Events in the Metaverse. The platform aims to revolutionize the music industry for fans and artists worldwide: delivering unique, physical concerts with A-list artists, collaborating on NFT drops, live streaming in the Metaverse, and tokenizing the entire experience.
Source :Animal Concerts
This article was originally published by IssueWire. Read the original article here.
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