Music platform Nina Protocol has launched the blockchain-powered Community Revenue Share system, which allows community members to receive a financial compensation directly when they help artists sell music.
"Legacy platforms treat community as a marketing channel to be exploited. We see community as the core of music's value, and Community Revenue Share makes that value tangible," said John Pollard, COO of Nina Protocol. “This is about technology serving culture, not the other way around.”
The ...

Artificial intelligence startup Reflection AI has raised $2 billion in a funding round that values the year-old company developing open-source AI models at $8 billion, according to PitchBook.
Reflection AI's previous funding round, closed seven months ago, valued the company at $545m back then. The current round was led by Nvidia, with contributions from Lightspeed Venture Partners and Sequoia Capital, as well as new investors like DST Global, former Google CEO Eric Schmidt and investment firm 1...

Bertelsmann's music division BMG has entered into a direct, multiyear publishing licensing deal with streaming service Spotify covering the United States. The agreement is designed "to deliver greater value to songwriters and their teams."
The two companies said the agreement reflects BMG and Spotify’s "shared interest in building a direct relationship that ensures songwriters share more directly in the value created by their work." They described the deal as "a practical step toward a more flex...