 | |
Native name | English |
|---|---|
| Type of business | Private |
Type of site | Music streaming service, Internet community |
| Founded | 2021 |
| Headquarters | San Francisco |
| Country of origin | USA |
| Key people | Andrew Antar (CEO), Brian Antar |
| Industry | Music, Social media |
| Registration | Required |
| Current status | Active |
Tune.FM is an American web3 decentralized music streaming platform and music NFT marketplace. [1] [2]
Tune.FM was founded by Andrew Antar and Brian Antar. It was designed with distributed ledger technology for revenue allocation for artists and fan interactions. The platform adopted Hedera Hashgraph, governed by Google, Boeing, IBM, Deutsche Telekom, LG, Tata Communications, where it allows hundreds of thousands of transactions per second. In 2024, Tune.FM have music catalogs of Jimi Hendrix, Bob Marley, Beyoncé, and Carlos Santana. [3] [4] [5]
Andy Hertzfeld, Animoca Brands, Mindfund, LDA Capital, GEM Group, Bowie Lau, Mark Cheng, Paul Schmitzer, Aniello Callari, Paul Amess, Kelly Choo, Eric Rugart, Edward Hutchinson, Jack Koson, Luiz Vieira. Tune FM, also adopts partners such as Hedera Hashgraph, The HBAR Foundation, CoinMarketCap, Block Alpha, Alpha Token Capital, CoinGecko, Hasport, Perkinscoie, World Cafe Live, Saucerswap, Banxa, Sumsub, GDA, Amplify, Enflux, 7 digital, Songtradr, Jam Galaxy, Luminary, Plutus, Incantio, Altdeck, Bambumeta and Cresci labs. [6] [7]
Tune.FM incorporates a music NFT marketplace, enabling artists to monetize their work through unique digital assets. Fans can purchase these NFTs, gaining access to exclusive content. [8] [9]
[8] Unlike online radio stations and digital distribution services where artists receive 12% of the revenue generated from song plays. Tune FM launched on iOS devices, Android devices, and web browsers. [1]
Artists on the platform earn streaming revenue through micropayments, delivered in the form of JAM tokens. Artists receive tokens when their tracks are played, in proportion to the number of seconds played. [10] [11]
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