Blockchain-based income-sharing platform Stem announces $4.5 million in funding

Rage Review : Stem, a startup that uses blockchain technology to help content creators collect and share revenue, recently launched a round of 4.5 million in financing. Stem uses blockchain-based software that allows creators to collect data from different platforms. There is no doubt that the Stem platform has attracted the attention of many investors recently and has successfully attracted $4.5 million in investment. Investors include Upfront Ventures and various music management experts.

Translation: Nicole

Capitalizing on things on the Internet is not an easy task, but solutions are always sought in the development process. Stem, a startup that uses blockchain technology to help content creators collect and share revenue, recently launched a round of 4.5 million in financing.

What Stem does is different from the creators

One of the most challenging things for creators is making money and how to get income. As various platforms are struggling to survive, this means that the chances of getting more customers have increased. But at the same time, it has become more difficult to track the source of income and determine which platform is more profitable.

That’s where Stem comes in. The startup was founded with the goal of helping content creators track their revenue streams. We should note that the company is not only a great solution for music artists, but also for any self-distributing creators like bloggers, comedians, and more.

Stem uses blockchain-based software that allows creators to collect data from different platforms. Since Stem works with these platforms, it can create contracts, make payments, and issue statements for stakeholders. In addition, the solution can also provide visual performance reports for each individual platform.

Milana Rabkin

Milana Rabkin, CEO and co-founder of Stem, told the media:

“We want to build a sustainable future for creators and create some smart tools to grow their businesses. Digital content has recently become a new form of media consumption, but creators still need to make a living through the platform. It will take a few years for the platform to be successful.”

It’s no surprise that the Stem platform has attracted a lot of attention from investors recently, and has successfully attracted $4.5 million in investment. Investors include Upfront Ventures and various music management experts. The cooperation of the latest technology with the multi-billion dollar industry will bring great value to everyone in the industry, and the additional funds will help the team grow and expand its performance.