Blockchain
MELON, Metaverse Brand Experience Experts, Raises $5M Seed Round
MELON is announcing a $5M seed round. The game development team is behind numerous major music events on Roblox, as well as experiences for partners and clients including the NFL, Chipotle, Mattel, Clarks, and PacSun.
The seed round includes Crush Ventures, the investment arm of Crush Music whose management clients include Miley Cyrus, Sia, Green Day, Lorde, Weezer, Panic! at the Disco, and Fall Out Boy, as well as Gaingels, Comcast Spectacor, and a large SPV led by Matt Finick who has also joined MELON’s board. Finick was formerly CFO at Roblox and at Marvel Entertainment.
The round also includes notable strategic angels such as Paul Yook, health tech pioneer; Deborah Dugan, CEO of Beyond Type 1 and, former CEO of Product (RED) and The Recording Academy of Music; Spencer Baim, Chief Brand Officer at Kinship, former CCO of VICE Media; Ernie Pomeranz, former CFO of Moderna; Jason Ve, Head of BD/Brand Partnerships at 88rising; and Gene Salomon, partner at leading entertainment law firm Gang, Tyre, Ramer, Brown & Passman.
“At Comcast Spectacor, we’re always looking for new ways to engage fans with great events and memorable experiences, and that’s what this investment is all about,” says Tucker Roberts, President of Spectacor Gaming, a gaming and entertainment company connected to Comcast NBCUniversal. “MELON is on the cutting edge of bringing experiences directly to where Gen Z lives–their phones–and we’re looking forward to the continued innovations that Josh and his incredible team will make at MELON.”
“MELON is at the forefront of the creative explosion happening in the metaverse,” notes investor/board member Matt Finick. “They are perfectly positioned to build some of the most impactful experiences across music, film and TV, fashion, and sports over the next few years of critical growth on these developing platforms.”
“We’re extremely fortunate to have such a strong collective of early strategic investors in MELON,” explains Josh Neuman, co-founder/co-CEO of MELON. “The Metaverse and platforms within it are ripe for disruption and we’re looking forward to evolving our creativity and storytelling in collaboration with our partners, as well as via our original IP. With this group, we’re going to be able to strategize and navigate the evolving landscape at the highest level.”
Neuman’s extensive experience at the intersection of media, brands, pop culture, and technology reflects the expertise that has allowed MELON to set the standard for activations and events in Roblox. Before becoming MELON’s co-CEO in 2021, he was a co-founder and key executive of several multi-million dollar music media, branding, and talent companies, including 88rising, Recreation Worldwide (acquired by VICE Media), Control Management (former management of superstar DJ, Tiësto), and Crush Music. He architected a multifaceted partnership between Red Bull and Skrillex, landed Kanye West for Samsung’s launch of the Galaxy Note II, and worked closely with Bono’s Product (RED).
Neuman’s cultural savvy and branding experience complement the extensive gaming and development know-how of company founder/co-CEO Devon Thome. A wunderkind in his mid-20s, Thome has been creating jaw-dropping experiences and innovation in open-world and metaverse environments for years. He made a name for himself in Minecraft before mastering the art of creating games in Roblox, where most of MELON’s work is currently focused.
They lead a team at MELON that has attracted talent from major game studios (EA, Pokémon GO) and lifestyle brands (Urban Outfitters, Marketing Arm, Honda’s former agency of record).
Award-winning executive producer and marketing mastermind Heather Healy is MELON’s SVP of Partnerships and Operations, with nearly two decades of experience running high-profile campaigns. Healy helped launch the careers of Bruno Mars and Foster the People and developed award-winning marketing campaigns and strategic partnerships for Fortune 100 brands. MELON’s VP of Entertainment Partnerships Becky Wilson previously worked at Urban Outfitters where she led key music initiatives, including in-store events, collaborations, and partnerships with notable artists such as Billie Eilish, Dua Lipa, SZA, Khalid and LANY.
MELON’s multifaceted team has honed a keen sense for what works in the metaverse, and brands have taken note. In addition, MELON has perfected the art of virtual music events, working with major labels and attracting millions of visitors to events for Tai Verdes, Ava Max, KSI and Zara Larsson. Larsson’s event won the studio a Clio this year.
“Crush Ventures looks to invest in teams that are building the future of how creators and fans will interact. Josh, Devon, and the MELON team have proven to be uniquely capable of building one-of-a-kind games and experiences. We’re thrilled to invest in and partner with MELON as we explore opportunities together for Crush’s talent in the metaverse,” notes Andrew Kahn, Head of Crush Ventures.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
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Blockchain
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