
Vezt
Founded in 2016 and headquartered in Los Angeles, Vezt lets music fans share ownership with artists in their favorite songs.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
N/A | €0.0 | round | |
| $2.1m Valuation: $15.0m | Seed | |
Total Funding | 000k |
Vezt is a pioneering platform in the music industry, offering a unique marketplace where music fans can purchase royalty rights for songs and recordings by their favorite artists. This innovative approach allows artists, songwriters, and producers to secure funding directly from their fans on a global scale. The platform operates through Initial Song Offerings (ISOs), where specific dates and times are set for the public to buy royalty rights, creating a focal point for demand and opportunity. Vezt employs blockchain technology to ensure transparent tracking and collection of royalty income, providing a secure and efficient system for all parties involved. The business model is peer-to-peer, meaning that the actual transactions of IP Royalty Rights are directly between users, with Vezt facilitating the process. The company makes money by taking a percentage of these transactions. Vezt serves a diverse clientele, including music fans, artists, songwriters, and producers, and operates in the global music market. The core team consists of veterans from finance, entertainment, and tech industries, bringing decades of experience in development, product design, and marketing.
Keywords: music rights, royalty marketplace, blockchain, Initial Song Offering, peer-to-peer, funding, artists, songwriters, producers, global market.