Muzika, a Seoul, South Korea-based blockchain digital music project, received an investment from Singapore-based NEO Global Capital *.
The amount of the deal was not disclosed.
The company intends to use the funds for project incubation and resource integration.
Led by CEO Inseo Chung, Muzika is a blockchain powered digital music platform with an existing user base of 2 million. The company is backed by crypto and blockchain investment groups like T3 Ventures, Everest Ventures Group, 256 Ventures.
* NEO Global Capital is the strategic investment vehicle of NEO foundation.