RR2 Capital is delighted to announce a strategic partnership in social music platform, STAGE.
RR2 successfully invested in STAGE’s private round and will work to support the project’s ambitious roadmap in the future. RR2 is proud to support the growth of a project pioneering the fast-growing SocialFi space and cement its reputation as an investor at the forefront of DeFi innovation.
What is STAGE?
STAGE is a blockchain-powered SocialFi project, developing a platform catering specifically to the music industry. STAGE describes itself as the platform where TikTok meets The Voice, providing a social experience where users can rank, support and share the benefits of their favorite artists and their content. Its mission is to become the go-to social music platform, allowing millions of music fans to help artists make a living from their talent without intermediaries.
Speaking about the investment, RR2 Capital’s Richard Seiler commented:
“We have been focused on music based blockchain projects that have elements of Social-Fi and NFT. STAGE offers a really interesting model that we feel will stand out amongst its competitors”
STAGE’s CEO, Fransisco Macedo added:
“We’re proud to announce that we’ve closed a strategic partnership with RR2 Capital. Besides being great people, we believe their experience in both the crypto and music space will be crucial in the development of STAGE”
STAGE is preparing for an IDO and a beta release of its mobile app later this year (Q2 2022), followed by a v1 release in Q3, the launch of an NFT marketplace in Q1 2023 and artist token drops in Q4 2023.
About RR² Capital
RR² Capital is a Lisbon-based venture capital firm which specializes in disruptive technology spaces such as decentralized ledger technology, artificial intelligence, machine learning and digital assets. They believe that many traditional businesses and organizations will implement these technologies, adding immense value to the core of those businesses.
RR² Capital’s mission is to capture this value by investing in early stage projects and teams leading this innovation, as well as those businesses that are promoting adoption. The team operates a strategy centered on a long-term vision, developing long standing relationships, utilizing trusted advisors in decision-making, building an integrated network of first-movers and instilling the trait of flexibility in its team.
This has positioned RR² Capital as experts in value creation, reporting 1,011% returns across a portfolio of 120+ investments in 2021
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