Web3 music creator platform SphereTrax raises £250,000 in funding.

BlockBeats reported on March 22nd that Web3 music creator platform SphereTrax has raised £250,000 (approximately $306,800) in funding from Jenson Funding Partners to support its mission of giving creators control over their music. SphereTrax is supported by blockchain technology and allows creators to retain up to 75% of their royalties. It uses Bitcoin SV for instant payments. The funding round will be used to expand the SphereTrax team. The platform is set to launch on April 1st with over 10,000 tracks and is accepting applications from composers.