Mint Songs announces raise of $4.3 million from Freestyle Capital and gets acquired by Napster. Mint Songs runs a non-fungible token (NFT) marketplace that helps music artists build Web3 communities as well as mint songs and provide exclusive art for their fans to own and trade. The company has worked with top Web3 artists like Gramatik, Mark de Clive-Lowe, and Black Dave.
Napster also announced that it has hired Mint Songs’ Nate Pham to lead its Web3 product initiatives. Prior to Mint Songs, Nate held senior product roles at Pandora and UnitedMasters.
Former Roblox executive Jon Vlassopulos joined Napster as CEO at the end of last year. This is the first of a series of acquisitions Napster intends to make to speed up its Web3 feature rollout plans.
Mint Songs’ co-founder and CTO, Garrett Hughes, will join Napster as an adviser where he will work closely with Jon Vlassopulos to integrate Mint Songs’ technology into the Napster platform.