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SongADAO operates as a decentralized autonomous organization legally owning the copyright and revenue from the "Song A Day" musical catalog. It provides a framework for collective ownership and governance. Using non-fungible tokens for membership, the organization empowers contributors to determine rights usage and equitable distribution, pioneering a new model for artistic asset management.
Independent artist Jonathan Mann founded the company, building on his "Song A Day" project, which began January 1, 2009. Mann conceived SongADAO in 2017 after exploring CryptoPunks, seeking a transparent economic model for artists. The DAO launched December 31, 2021, driven by Mann's insight that decentralized technology could improve music industry structures.
SongADAO’s members own a Song A Day NFT and engage in its verified community, prioritizing sustained support and active contribution. The organization cultivates a collaborative ecosystem where members collectively build and benefit from the music's success. Its vision is to transform the music economy, ensuring art's creation and appreciation yields value for all participants.
SongADAO has 1 tracked investment across 1 company. The latest tracked deal is $2.5M Seed in New Computer Corporation in October 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 20, 2022 | New Computer Corporation | $2.5M Seed | Borderless Capital | Marcus ENG, Algorand Foundation, BIG Brain Holdings, Eterna Capital, Hivemind Ventures, Noise DAO, Peer VC, TEN Ventures, Valentine Venture, WEB Tree Capital |