Luxembourg – May 17, 2021 – ANote Music, the marketplace for investing in music royalties, focused on bridging the gap between the music industry and capital markets, today announced that their platform has integrated with Algorand, a leading blockchain technology company accelerating the convergence of decentralized and traditional finance.
With the possibility of tokenizing music assets and NFTs from artists, publishers and record labels on Algorand, new music catalogues listed on the ANote Music platform will give tokens to investors, providing the right to receive a split of future royalty streams. This opens opportunities for artists who can benefit from enhanced listings, improved access to rights, and more, while bringing to investors an alternative diversified asset.
This is a major milestone for creators that have catalogs with ANote as it marks the first time that tokenized rights and NFTs have access to a marketplace where they can be created and exchanged. Listing music rights on ANote Music gives creators the chance to share success with their network and fanbase, while getting immediate access to a new funding model.
ANote Music will also be introducing a specific area where music enthusiasts can acquire collectible NFTs from their favorite artists directly. The NFTs will be launched on Algorand. Investors will receive and manage these NFTs in their Algorand wallet and be able to track everything on Algoexplorer.io.
Being headquartered in Europe’s financial hotspot and being co-financed by the Government of the Grand Duchy of Luxembourg, ANote Music finds itself in a great position to democratize music investments and lead the way with a secure trading platform for NFTs linked to music.
Gregoire Mathonet, CTO and Co-founder at ANote Music said: “ANote Music is delighted to integrate Algorand as the core blockchain system for its operations. Algorand provides the resilience, security, speed and low fees that we were looking for. The ease of traceability of registered claims is certainly another added value for our platform’s users. The different integrations made possible by ‘logic transaction signatures’ are a huge step forward towards using blockchain in real business solutions and we expect this just to be the start of a huge evolution within the music industry.”
“We are excited to see ANote leverage Algorand’s core Layer-1 functionality as they embrace blockchain-based solutions and reinvent its business model to one that is more transparent, accessible and inclusive,” said W. Sean Ford, COO of Algorand. “Algorand has seen growing traction with NFTs as creators and the organizations that support them come to understand the critical success factors and advanced technology required for a sustainable and enduring future.”
The past several months have brought NFTs and blockchain-based conversations to the forefront of the music industry. Algorand and ANote Music have been trendsetters in their respective domains and ANote’s use of the advanced technology that Algorand provides will usher future developments to the music industry and its creators.
ANote Music is the European marketplace for investing in music royalties and was founded in Luxembourg by Marzio F. Schena, Matteo Cernuschi, and Grégoire Mathonet in January 2018. ANote Music has identified the power of music as the next big investment opportunity and created a bridge between the music industry and the capital markets. ANote Music enables publishers, record labels, and artists to sell music rights, introducing them to a new system of financing, as well as offering users a new investment opportunity and the chance to own shares in promising artists. In January 2020, ANote Music closed a €500,000-plus funding round, led by the European music industry’s foremost players. ANote Music is also supported by Luxinnovation, the Luxembourg national innovation agency, providing access to government funding for the startup.
About Algorand Inc.
Algorand is building the technology to power the Future of Finance (FutureFi), the convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure. Founded by Turing Award-winning cryptographer Silvio Micali, Algorand developed a blockchain infrastructure that offers the interoperability and capacity to handle the volume of transactions needed for defi, financial institutions and governments to smoothly transition into FutureFi. The technology of choice for more than 500 global organisations, Algorand is enabling the simple creation of next generation financial products, protocols and exchange of value. For more information, visit www.algorand.com.