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Corporation
INTERNET | Internet Software & Services / Data & Document Management
chromaway.com

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Stage

Seed | Alive

Total Raised

$60K

About ChromaWay

ChromaWay is working on a Smart Contract Platform that allows for digitizing and representing workflows in a secure, private and efficient way. The company takes complex transactions and workflows and simplify them into code.

ChromaWay Headquarter Location

Vasagatan 16

Stockholm, SE-111 20,

Sweden

+46 (0)8 506 363 38

Latest ChromaWay News

Exclusive: Blockchain-Based Music Platform Corite to Open New Investment Round

Oct 13, 2021

Corite, a Stockholm-based fan-powered music platform, has announced that it opened a new private funding round for its blockchain platform, Corite CO. According to a press release shared exclusively with Finance Magnates, the new funding round comes after the platform successfully raised $2.2 million earlier this year with the support of firms like ChromaWay, Hitco Entertainment, Kucoin, and NGC Ventures. The firm, founded by Universal Music alumni Mattias Tengblad and Emil Angervall, the CEO and COO, respectively, offers services, such as global distribution, fan-funded advances, promotion, and music marketing playlist pitching, and NFT creation. Since April 2021, the platform has been working on the project and offers a play-to-earn model that rewards active fans with NFTs and digital merchandise. As of press time, investors in Corite include the music industry and crypto companies such as Coinco, Coin98, Kucoin, Kyros Ventures, Exnetworkcapital, Bella Finance, 1001 Capital, Cmc, Hilbert Capital, and others. Nowadays, the ongoing project collaborates with famous music producers, artists, and investors, such as LA Reed, who worked with Beyonce, Kanye West, Rihanna, Bon Jovi, Justin Bieber and was credited for the musical comeback of Jennifer Lopez with her 2011 album, Charles Goldstuck, and Swedish pop star Danny Saucedo. Suggested articles Earn Passive Income Cloud Mining with USDminer Go to article >> Moreover, Corite stated that its platform would include a set of features powered by the native $CO token, allowing users to purchase ‘Corite Originals’ NFTs, participating in artists’ crowdfunding, among other activities. The platform will also conduct a series of NFT airdrops, with the first one to be deployed during the NFT NYC Conference on November 2. NFTs and the Music Industry In March of this year, artists like Grimes and Beeple made headlines with multi-million dollar token drops. Since then, artists of all levels of fame and success have been jumping onto the trend left and right. Furthermore, NFTs have begun to pop up in the music world . 3LAU and Eminem have both sold or announced the sale of NFTs associated with music. However, the details of what is actually ‘owned’ when an NFT is purchased are somewhat dubious. Share this article

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Research containing ChromaWay

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ChromaWay in 1 CB Insights research brief, most recently on Feb 21, 2019.

Expert Collections containing ChromaWay

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ChromaWay is included in 1 Expert Collection, including Blockchain.

B

Blockchain

160 items

ChromaWay Patents

ChromaWay has filed 1 patent.

The 3 most popular patent topics include:

  • Cryptocurrencies
  • Data management
  • Database management systems
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/6/2018

Database management systems, Cryptocurrencies, Data management, Databases, Parallel computing

Application

Application Date

7/6/2018

Grant Date

Title

Related Topics

Database management systems, Cryptocurrencies, Data management, Databases, Parallel computing

Status

Application

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