Hume, a Los Angeles, CA-based web3 entertainment company pioneering music in the metaverse, raised $11.7M in Series A funding.
The round was led by TCG Crypto, with participation from Collab+Currency, Winklevoss Capital, Gemini Frontier Fund, Gmoney, Flamingo DAO, Noise DAO, LAO DAO, Distributed Global, Rahilla Zafar, Evan Bogart, and Cooper Turley.
The company intends to use the funds to establish a roster of virtual metastar artists, build a fan to “metastar” engagement platform, expand its engineering, creative, music business and marketing teams.
Co-founded by David Beiner and Jay Stolar, Hume is a Web3 entertainment company for the Metaverse. Its community-building approach blends music, digital identity, and storytelling to develop virtual artists, or “metastars”, who are as inspired by us as we are by them.
Hume’s metastars are developed fully in-house, with a team backing them for success, including writers, producers, storytellers, animators, promoters, publicists, and vocalists. In 2021, the company debuted the world’s first metastar. Web3 artist and Fluf World star angelbaby represents an entirely new type of virtual artist made for the metaverse. Earlier this year angelbaby released their first single, “NFT,” and performed at Art Basel, FLUF Haus LA, and SXSW. Angelbaby’s NFTs and music have risen to #1 position on OpenSea, web3 streaming platform Audius and Flufworld’s scene and sound collection. At Hume, fans gain direct access into an artist’s music curation process while being fully immersed in a deep narrative. This will all take place in their soon-to-launch platform, “The Spot,” and is made possible through the Hume Genesis NFT, which gives fans rights to actively influence the metastars’ decisions by voting on single releases, merch, and more.
Hume recently dropped its first NFT collection, the Hume Genesis, which is available to OpenSea. With a supply of only 1035 tokens split across three tiers of rarity, the NFTs give holders different levels of power to influence the lives and music of future metastars.
The company has a global team of employees across Brazil, California, France and Argentina.