{"id":317597,"date":"2024-05-11T10:59:42","date_gmt":"2024-05-11T09:59:42","guid":{"rendered":"https:\/\/coinfomania.com\/?p=317597"},"modified":"2024-05-11T10:59:45","modified_gmt":"2024-05-11T09:59:45","slug":"star-nest-secures-6-million-pre-a-funding-for-web3-music-venture","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/star-nest-secures-6-million-pre-a-funding-for-web3-music-venture\/","title":{"rendered":"Star Nest Secures $6 Million Pre-A Funding for Web3 Music Venture"},"content":{"rendered":"\n

The startup Star Nest, located in Hong Kong and involved in the Web3 music industry, has raised $6 million in a Pre-A funding round. <\/strong><\/p>\n\n\n\n

The investment was fronted<\/a> by Chuangqi International Limited, a wholly-owned subsidiary of Guofu Innovation Limited, which is listed on the Hong Kong Stock Exchange. This investment will help Star Nest extend its Web3 activities, which feature creative music projects.<\/p>\n\n\n\n

Metaverse Collaboration and Token Launch<\/strong><\/h3>\n\n\n\n

Some of the money will be used for the creation of Star Nest SpaceStar, a metaverse game that integrates music, role-play, and social conversations. Star Nest partners with Armonia Meta Chain in this project to provide a whole digital experience that includes entertainment and interaction with the community. Utilizing Web3 and blockchain technology<\/a>, the game will offer its users an immersive space in which to engage with music and other virtual assets.<\/p>\n\n\n\n

The NEST token, with a total supply of 21 billion, will be listed by Star Nest<\/a> in the third quarter of this year. The token will act as a multi-functional object within the Star Nest ecosystem\u2014it is used for buying concert tickets, transacting with blockchain partnerships, and even for transactions within the metaverse and voting for governance. This general-purpose utility is designed to create a self-sustaining economy of the platform and stimulate user involvement in different aspects of the metaverse activity.<\/p>\n\n\n\n

New Strategic Partnerships Enhance Star Nest’s Capabilities<\/strong><\/h3>\n\n\n\n

Notably, this news comes after a sequence of alliances to enhance certain aspects of the system. For example, Star Nest has recently entered into a partnership with HyperPay<\/a>, a leader in digital wallet technology. This collaboration brings HyperPay’s Web5 wallet innovation to the Star Nest ecosystem, which unifies a variety of wallets, such as Offchain, Web3, Hardware, and Co-managed Wallets.<\/p>\n\n\n\n

The sophisticated platform of HyperPay integrates CeFi and DeFi application scenarios, providing a single solution for finance transactions and payment in both environments. Moreover, Star Nest\u2019s vision to disrupt the music industry through Web3 technologies<\/a> has been strengthened by a fresh deal with Tubes, a cross-chain decentralized Inscription exchange that was made on ERC-20.<\/p>\n","protected":false},"excerpt":{"rendered":"

The startup Star Nest, located in Hong Kong and involved in the Web3 music industry, has raised $6 million in […]<\/p>\n","protected":false},"author":52,"featured_media":317598,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1810,5],"tags":[1551,1953,1522],"ppma_author":[1759],"class_list":["post-317597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-news","category-crypto-news","tag-funding","tag-star-nest","tag-web3"],"acf":[],"authors":[{"term_id":1759,"user_id":52,"is_guest":0,"slug":"victor-muriki","display_name":"Victor Muriki","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/1c1862d1444b04b9e171e111cbd743b5?s=96&r=g","first_name":"Victor","twitter":"https:\/\/twitter.com\/VictorMuriki1","instagram":"https:\/\/www.instagram.com\/i.am_sheriff\/","linkedin":"https:\/\/www.linkedin.com\/in\/victor-muriki-0a5618253\/","user_url":"","last_name":"Muriki","facebook":"https:\/\/www.facebook.com\/profile.php?id=100086410154112","description":"Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery."}],"_links":{"self":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/317597"}],"collection":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/comments?post=317597"}],"version-history":[{"count":6,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/317597\/revisions"}],"predecessor-version":[{"id":318315,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/317597\/revisions\/318315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media\/317598"}],"wp:attachment":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media?parent=317597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/categories?post=317597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/tags?post=317597"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/ppma_author?post=317597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}