Live music focused Web3 startup and DAO Chapel has acquired music smart link platform Amplifylink.
With Amplifylink users can aggregate music, content links, and more on a single page.
Chapel is combining the power of NFTs and DeFi 2.0 “”to create a permanent yield for an artist and venue after the gig has finished.” The ChapelDAO will allow fans to directly invest in a gig and share the yield with the artist and venue.
Check out their Whitepaper.
“We wholeheartedly believe this is the right move for our team and community, we are certain you will benefit massively from this.” Amplifylink wrote users. “Web3 tech will allow us to reward you for using our tools and participating in our community directly, whilst opening up even more ways for you to grow your own communities, reward your fans and earn more doing what you love.”
They continued: “This is a unique moment for innovation in music and creator communities. Comparable in scope to the Napster days, early web2 that led to streaming and the wild first few years of YouTube.”
Details of the deal were not disclosed.
Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is the Founder and President of the Skyline Artists Agency and a professor for the Berklee College Of Music.
