CORITE RAISES $6.2M IN PRIVATE TOKEN SALE
"Sweden-born fan funding platform Corite has raised $6.2 million in a private $CO token sale for its blockchain-based sister project, Corite CO.
The round saw participation from significant music and crypto players such as ChromaWay, Kyros Ventures, Kucoin and existing backer Charles Goldstuck.
The new Corite CO platform will allow $CO token holders to participate in blockchain fan funding and promotion, get early access to invest in music projects, in addition to earning rewards for “contributing and participating in the governance of the Corite ecosystem”, according to a media release.
The firm is preparing to launch the first version of the CO Fan Power blockchain platform in Q1 2022."