NEW YORK, NY / ACCESSWIRE / September 6, 2022 /Reveel, web3 revenue-sharing protocol called Reveel said today that it has raised $1.3M in pre-seed funding. Moment Ventures and Binance Labs took the lead in the pre-seed. Reveel took part in Binance Labs’ Season 4 Incubation Program. Binance Labs is the company’s investment division. By creating solutions that streamline the administrative aspects of income sharing and royalty accounting, Reveel facilitates collaboration by ensuring transparency and equity for creators. Reveel plans to use the funds for hiring more employees, developing its web3 collaborative financial infrastructure, and enhancing its toolkit for on-chain revenue management.
Without taking into account the $40 billion NFT market, the creator economy currently includes over 300 million creators and has grown to be a $100 billion sector over the previous few years. The emergence of web3 and NFTs has sped up the trend of creative collaboration by giving content providers more direct avenues for generating income.But in order to develop and implement agreements on how collaborators share revenue, cooperation necessitates extensive business administration. Reveel was created with the goal of empowering creators to manage their businesses by offering a straightforward method of sharing on-chain earnings through Web3 collaboration.
“For Web3 technology to facilitate collaboration and deliver on its promise to creators in shifting the power back from intermediaries to end users, many building blocks still need to be developed – with one being a financial stack that offers creators a fluid revenue sharing and revenue management solution,” says Adrien Stern, CEO & Founder of Reveel. “Reveel provides transparency and equity to enable collaboration and automate on-chain business tasks so creators can focus on what they’re good at: creating.”
Ken Li, Executive Director of Binance Labs says, “Binance Labs has been investing deeply across the creator economy in Web3. We are impressed with the Reveel team and believe the Revenue Share Protocol has potential to drive collaboration amongst creators and their communities.”
With the use of Reveel, creators may monitor their on-chain income and automate the payment of collaborators, rights holders, and partners.
Reveel offers creators the option to build and implement their own smart contract to automatically split on-chain earnings with collaborators using its revenue share protocol.
Reveel is a full-featured web3 business management tool thanks to its capacity to partition a collector base and track entire NFT drop catalogs. Reveel is a full-featured web3 business management tool thanks to its capacity to partition a collector base and track entire NFT drop catalogs.Reveel is a full-featured web3 business management tool thanks to its capacity to partition a collector base and track entire NFT drop catalogs.In conjunction with wavWRLD, Reveel recently handled the largest on-chain revenue split ever for popular interdisciplinary NFT artist BlackDave’s wavRoom NFT release. 30% of the proceeds from his collection were given to 154 of his collectors, while he and his colleagues received 70% of the proceeds. 159 parties participated in the on-chain revenue split and were given automatic revenue shares.
“The Future of Work is clearly going towards more collaboration, not less,” shares Matthew Divack of Moment Ventures. “Creators and early adopters want and deserve upside on the success of their joint endeavors. Core infrastructure such as Reveel’s enables participants to be properly compensated for their efforts. Reveel is pioneering a new financial toolkit, built on Web3 architecture, for the Future of Work. We at Moment Ventures are so thrilled to be joining Adrien and the team for this journey.”
In the Web3 music industry, Reveel has teamed with well-known companies including Venice Music, Glass.xyz, wavWRLD, Chill.rx, BlackDave, Sammy Arriaga, and many more. For web3 creators who are interested in being early adopters, Reveal will also be issuing early access membership NFTs.
About Reveel
The future of creative cooperation is powered by the Web3 revenue share protocol known as Reveel.
Creators can access NFT catalog analytics and automate revenue distribution among partners with Reveel.Adrien Stern, a Swiss reggae musician, producer, and manager, is the CEO and founder of Reveel, which is funded by Binance Labs and Moment Ventures. Its headquarters are in New York City.
About Adrien Stern
The CEO and Founder of Reveel, a web3 revenue share business for creators, is Adrien Stern. As the guitarist and manager of the Swiss reggae group Najavibes, Adrien, a musician, producer, and manager, has traveled throughout Europe.He established the independent record company Bridge Music, where he wrote and produced songs for prominent reggae musicians. After being frustrated by the laborious and protracted procedure of getting revenue share payments from international music collaborators, Adrien founded a music blockchain firm to guarantee fair compensation for music contributors.Today, Reveel is a platform for on-chain revenue management that powers the future of creative collaboration by automating revenue sharing among collaborators and providing access to NFT catalog data.
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