Live Bash, a Chicago, IL-based entertainment technology startup, raised $21M in funding.
The backers were not disclosed.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO John Hart, Live Bash offers physical, fully equipped performance spaces in major cities across the globe that utilize proprietary blockchain technology to help everyone digitize performances and build portfolios of digital assets.
Content created on a Live Bash stage is showcased on the company’s software while its blockchain and smart contracts are optimized to convert live performances into digital collectibles and non-fungible tokens (NFTs). Additionally, performers can restream to their own distribution channels.
Viewers can purchase segments of performances that are minted on their blockchain with no gas fees. The digital collectibles give artists the opportunity to realize earnings from their performances. Fans and speculators can buy, hold, trade, and share these segments as digital collectibles or NFTs. Individual artists, performers and performing groups – i.e., actors, musicians, comedians, magicians, interviewers, dancers, storytellers, presenters, and others – reserve time on a Live Bash stage using the company’s online direct-to-venue booking site, bypassing traditional gatekeepers.
Live Bash will open its first venue to performers in Chicago, Illinois, later this year. Additional stages in Los Angeles, California, and Nashville, Tennessee, will be available for booking in early 2023. Live Bash is currently scouting locations for its first stage outside the United States.