AmplifyWorld secures £930k from Chapel Ventures to launch its $AMPS token.
Chapel Ventures has backed the Bristol-based Web3 music platform in a SAFT investment.
AmplifyWorld operates a decentralised platform that connects musicians and fans through blockchain technology. The service enables artists to bypass traditional industry gatekeepers and manage their own revenue streams.
AmplifyWorld has secured £930k in a funding round from Chapel Ventures to support the upcoming launch of its $AMPS token. The capital will be used to accelerate product development and deployment for the decentralised fan engagement platform.
The investment arrives via a Simple Agreement for Future Tokens and is intended to help the Bristol-based firm expand its Web3 music ecosystem. The $AMPS token will provide staking, exclusive content access, and community governance features.
Chapel Ventures joins the business as an early-stage backer, bringing strategic expertise alongside its financial contribution.
From the founder
"This investment from Chapel Ventures is a testament to the disruptive potential of our platform and the $AMPS token, with $AMPS, we are building a bridge between artists and their communities, providing new ways for them to interact, engage, and share value in a decentralised environment. Chapel Ventures’ belief in our mission strengthens our confidence as we move forward with the upcoming token launch."
Irfon Watkins
CEO at AmplifyWorld
Use of funds
- 01Continue product development
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About the company
AmplifyWorld
AmplifyWorld operates a decentralised fan engagement platform for the music industry.