TechFlow news, according to Ta Kung Pao, Hong Kong-based Web3 music startup Star Nest has announced the completion of a $6 million Pre-A funding round led by Chuangqi International Limited, a wholly-owned subsidiary of GF Innovation Limited, a company listed on the Hong Kong Stock Exchange.
Star Nest will collaborate with Armonia Meta Chain to develop the metaverse game Star Nest SpaceStar, integrating music, role-playing, and social features. The project's token, NEST, is scheduled to launch in the third quarter of 2024. Star Nest aims to build a more comprehensive music industry token economy using NEST, which will be widely used for concert ticket purchases, blockchain gaming collaborations, metaverse consumption, governance voting, and other applications.
