Connect with us

Hi, what are you looking for?

NEWS

Dance music focused metaverse platform VRJAM edges closer to launch with funding for crypto token

The latest development comes just weeks after they announced the impending arrival of their ‘always on’ virtual reality world.

Dance music focused metaverse platform VRJAM edges closer to launch with funding for crypto token

VRJAM, the UK’s leading VR provider for live music experiences, this week announced a round of investment for the crypto token attached to its groundbreaking new metaverse platform – VRJAM Coin.

The latest development comes just weeks after they announced the impending arrival of their ‘always on’ virtual reality world that will offer a host of new solutions for artists, labels and content creators. Users can render and monetize music and live shows in pioneering ways using NFTs, blockchain and immersive technology.

Driving the fiscal component at the very heart of VRJAM’s metaverse platform is their in-world cryptocurrency, VRJAM Coin. It enables the creation of financial solutions for trade and value exchange on the VRJAM platform.

The investment opportunity attracted attention from some of the crypto industry’s leading blockchain investors, all backing VRJAM Coin with $1M in investment to date in the seed round of the token sale.

The seed round for VRJAM Coin saw combined investment from Sky Vision Capital, Enjin.io, NGC Ventures, AU21 Technology, Valhalla Capital and EnjFi.

Alongside the investments from the blockchain finance space, the world’s leading NFT tech developer, Enjin.io, have also joined the seed round with a strategic investment – to support the development of the VRJAM platform.

Subscriptions are now open for the investor round of the VRJAM token; interested parties can sign up to join the investor round of the VRJAM token sale via the VRJAM website.

The VRJAM platform is scheduled to go live in early 2022; follow VRJAM on social media to stay up to date: Facebook | Instagram | Twitter | Discord

Advertisement
Advertisement

Latest

NEWS

Face-value European Alliance for Ticketing (FEAT) has put together a guide on how to locate and deal with ticket touts.

MUSIC

In your face, unforgiving and undeniably raw - it's everything you'd expected and more.

NEWS

In 2021, there were 6,985 registered venues. This is way down from the peak of 10,040 in 2010.

NEWS

A state of dance music in 2021 - according to one of the industry's leading data aggregators.

EVENTS

The Swiss mountain festival returns after an enforced break on the sidelines.

NEWS

The UK's first arts and culture focused fundraising lottery is available from February 2022!

NEWS

The British Library is to collaborate with Westminster University academic Mykaell Riley on the project, due to open in 2024.

NEWS

The visit was supposed to hush-hush, but by sheer coincidence a local reporter happened to be nearby.

You May Also Like

NEWS

This year's edition of The BPM Festival was due to open its doors from today to the 17th of January in Tamarindo.

FEATURES

We caught up with Luca to celebrate the release of his 'Artist Series' sample collection for leading sample store Samplesound.

NEWS

Renowned fashion photographer Terence Donovan captured the images shortly before his death.

NEWS

The teaser video has been shared across their social media accounts.

Advertisement