Stage11 Raises $5.7M In Seed Round To Help Artists Like Snoop Dogg Monetize Their Work Through NFTs

Stage11 has raised a whopping $5.7M to help the likes of Snoop Dogg and Akon – so the moguls can monetize their music using NFTs.

The company, founded by Jonathan Belolo, the co-owner of Scorpio Music, develops new landscapes for artists to have a creative outlet to engage with their fans through interactive performances and music worlds.

According to PR Newswire, the seed round was led by the European venture capital fund, Otium Capital totaling $5.77 million.

“As a gamer and sci-fi nerd, It feels like I’ve been dreaming about the metaverse my entire life,” said Belolo in a press release.

 “Now that as a society, we’re on the cusp of making it real, I find myself blessed to be part of an incredible team setting out to explore the new frontier.

“Building immersive music events and experiences is just the first step. We are on a journey together to reimagine the way artists and brands connect, even co-create, with their fans and audiences. We are combining genres, realities, and cultures to build something bold, thrilling, and timeless — yet accessible and fun.”