đ”ăA new chapter in blockchain musicăđ”
Australian listed music group Vinyl Group announced on Monday that it had successfully acquired Web3 music company Serenade. The acquisition agreement includes a prepaid note worth A$800,000 and a note of A$1.5 million to be paid based on profit and loss targets. Serenade's founder and CEO Shand and his key employees have joined Vinyl Group.
This acquisition marks the further application of blockchain technology in the music industry. The decentralized nature of Web3 will bring more opportunities for music creators and consumers. Although the overall market trend is neutral, Bitcoin, as a representative of blockchain, is still worth optimistic expectations. đ
