According to Foresight News, Cointelegraph reported that the decentralized music streaming platform Tune.fm has completed a $50 million financing, with participation from Global Emerging Markets and others. The funds raised will be used to provide liquidity for the protocol's token JAM, which is used to reward artists and users within the platform. Tune.fm's previous investors include LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, The HBAR Foundation, and GDA Capital.
Foresight News previously reported that Tune.fm had received $20 million in funding from investment group LDA Capital in January this year.
