According to Cointelegraph, Tune.FM, a Web3 music platform based on Hedera, has completed a $50 million financing round with participation from Global Emerging Markets. This new investment will be used to provide liquidity for the protocol's JAM token, which is used on the platform to reward artists and users. Tune.fm's previous investors include LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, $HBAR Foundation, and GDA Capital.