**Tune.fm Secures $50M Investment for Decentralized Music Streaming**

Decentralized music streaming platform Tune.fm has just landed a $50 million investment from Global Emerging Markets, boosting its total funding to $80 million. This fresh capital will enhance liquidity for its JAM token, which rewards both artists and users on the platform.

Tune.fm, powered by the Hedera blockchain, offers unique features like an integrated NFT marketplace. Artists earn micropayments per second of streaming, while users can earn tokens by discovering new music. The platform simplifies onboarding by automatically creating a blockchain wallet for new users.

Other blockchain-based music platforms are also making waves. Royal allows fans to co-own music copyrights via NFTs, and eMusic introduced its eMU token in 2020, promising direct revenue to artists.

The global music streaming market is projected to hit $34 billion by 2027, but Tune.fm aims to address the industry's profit distribution issues, where major platforms like Spotify dominate.