Releap
Financials
Estimates*
USD | 2023 |
---|---|
Revenues | <1m |
Date | Investors | Amount | Round |
---|---|---|---|
* | $2.1m | Seed | |
Total Funding | AUD3.2m |
Recent News about Releap
EditReleap is a social NFT platform designed to empower artists by providing them with tools to control their creative work and engage more deeply with their fans. Operating in the music industry, Releap allows artists to mint and distribute music NFTs, which are digital assets that represent ownership of a piece of creative work. These NFTs offer additional value beyond the digital medium, enabling fans to collect and showcase their support for the music they love. Releap's platform is built on the Solana blockchain, known for its high performance, low transaction costs, and energy efficiency, making it accessible and environmentally friendly. Additionally, Releap utilizes Arweave for permanent storage solutions, ensuring that artists' work is securely and permanently stored with a small one-time fee. The business model revolves around a 1.5% fee taken when an NFT is sold on the Releap exchange. Releap serves independent artists and music enthusiasts who are looking for innovative ways to connect and support each other in the digital age. The platform's unique features include gated posts, Releap Circles for community engagement, and seamless integration with other NFT platforms within the Solana ecosystem.
Keywords: Music NFTs, Solana blockchain, Arweave storage, artist empowerment, fan engagement, digital collectibles, NFT minting, low transaction costs, permanent storage, creative control.