JAM

Tune.FM is a blockchain-based music streaming platform that has raised significant funding, with a recent investment of $50 million from Global Emerging Markets, bringing its total funding to $80 million . The platform uses its native JAM token for micropayments to artists and incentives for users, creating a unique ecosystem that rewards both creators and listeners . Artists on Tune.FM can earn up to 10-100 times more than on traditional platforms like Spotify or Apple Music . The platform also integrates an NFT marketplace, allowing artists to mint and sell music collectibles directly to fans .

Tune.FM operates on the Hedera blockchain, which provides fast and low-cost transactions . For new users, the platform simplifies the onboarding process by automatically creating a blockchain wallet upon registration, making it accessible to those who are not familiar with cryptocurrencies . The global music streaming market is expected to reach $34 billion by 2027, and Tune.FM aims to redefine the profit distribution within the industry, offering artists a fairer share of the revenue .