TechFlow news, on December 21, Web3 music platform Medallion announced the completion of a $13.7 million Series A funding round led jointly by Dragonfly and Lightspeed Faction.
The platform provides an exclusive digital hub that enables artists to promote album releases, tour dates, and merchandise drops, while also selling digital collectibles and sharing exclusive content to strengthen fan engagement. The new funds will be used to introduce novel early-access opportunities such as advance listening to unreleased music and presale concert tickets, along with other membership benefits like video premieres and exclusive updates.
Currently, 20 artists are using Medallion to manage their fan communities, including Jungle, Greta Van Fleet, Illenium, Disclosure, Tiga, Mt Joy, Tycho, My Morning Jacket, Girl in Red, and Sigur Rós. The company plans to expand the platform to hundreds of artists in 2024, with widespread availability expected in 2025 or later.
