Decentralized music streaming platform Tune.fm completes a $50 million funding round with participation from Global Emerging Markets.

Foresight News reported that decentralized music streaming platform Tune.fm has completed a $50 million financing round, with participation from Global Emerging Markets, as per Cointelegraph. The raised funds will be used to provide liquidity for the protocol's token JAM, which is used on the platform to reward artists and users. Previous investors in Tune.fm include LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, The HBAR Foundation, and GDA Capital.