Animal Concerts raised $6.75 million in a private Round and $800k in token sales to revolutionize the online entertainment model with crypto, VR, and NFTs.
Animal Concerts, the next-generation entertainment platform which has already hosted concerts with Busta Rhymes, Future, Alicia Keys, Meek Mill, Diplo, and Gunna, has successfully completed a $6.75 million private round with a group of investors and token purchasers.
ZMT Capital, Maven Capital, Metrix Capital, Magnus Capital, Skybridge20, Arkn, Amesten Capital Greenhorns Capital Brotherhood VC, Interstellar Ventures, and Sheesha Finance are among the notable investors in the private round. Polygon, Klaytn, Netvrk, Vera, and GlobalStar also contributed through ecosystem grants.
A next-generation metaverse entertainment platform at the junction of NFTs, VR, gaming, advertising, distributed ledgers, and cryptocurrencies, Animal Concerts is a revolutionary way to access music in virtual reality. The objective is to bring about a paradigm shift in the current concert industry through the use of Web3.
The funds will be used to support a variety of initiatives at Animal Concerts, including the pursuit of top-tier performers for metaverse events and collaborative NFT drops, as well as marketing, ecosystem development, liquidity provisioning, and team growth. An in-person concert was held in Los Angeles on February 12th, shortly after the raise, with Mill, Diplo, and Gunna. The project is wrapping up two sets of NFT collections: one with an A-lister and their own, as well as arranging a Tier 1 exchange to list the $ANML token within a few months.
The goal of the project is to revolutionize the current live concert and online entertainment business by signing recording contracts with musicians and providing a new way to enjoy entertainment events. Revenue generation models such as record deals, ticket sales, retailing, advertising, and more will be further opened by this. The project whitepaper highlights the existing concert business’s significant flaws, which are being addressed by decentralized technologies to assure a more interactive and equitable transaction for all parties.
With some genuine utilities that have never been seen before, Animal Concerts is initiating its own in-house live music industry-specific cryptocurrency. The initiative is introducing a wholly new ‘Watch-to-Earn’ system, where metaverse participants get rewarded for their time and attention. $ANML token holders can buy real-life goods, meet celebrities virtually, and stake their tokens for the chance to receive access to free concerts.
The $ANML token was also made available for purchase on five project launchpads between January 17 and 21, before the company raised $800,000 in a week. The launchpads included Vent Finance, Firestarter, Synapse Network, Polkabridge, and Starter. The price for the token was $0.0045. The lockup period was 25% at the TGE with 75% vested over 6 months. A launchpad is a website that helps with finding long-term holders, incubation and awareness building, marketing, and KYC verification.
Next, Animal Concerts is planning to list and trade $ANML on a Tier 1 CEX exchange. They’ve also partnered with AscendEX to have $ANML listed on it. Finally, in the next quarter, a hot NFT drop in collaboration with an A-lister musician will be released.