Endlesss raises £300k to create a “musician’s metaverse” and transform online collaboration
Tim Exile’s brand is seeking a further £300k via equity crowdfunding to support the project.
Endlesss, the online music collaboration app, wants to expand into the metaverse. Tim Exile and his company have raised over £300k and is now launching an equity crowdfunding campaign on Seedrs to raise a further £300k and build a “musician’s metaverse”.
The brand says the metaverse will “transform how we interact online, delivering a new context for our online lives that mirror our ‘real’ one.” Endlesss aims to use the metaverse to create an immersive online space that can replicate the cultural significance of iconic recording sessions and live performances.
Although Endlesss’ primary goal is to use the metaverse for music creation, it is planning to open its technology to provide an operating system for the ecosystem of metaverse creativity.
Tim Exile comments: “The metaverse is dawning and as its potential is realised in the coming years, trillions of dollars of cultural economic activity will be brought into this new world. We want to play our part in building the root-level infrastructure for this. We have already had bands like The Veltrons meet, bond and create albums virtually via the Endlesss platform, but we want to make the experience even more inclusive and immersive.
“In order to achieve this, we will be making a series of live jam stage improvements, including support for listener, jammer and moderator roles so jams can become both places for live peer-to-peer collaboration and places to perform and have an audience.”
Users can contribute to Endlesss’ equity crowdfunding campaign on Seedrs and own a stake in the brand for as low as £33.55. Current investors in the company include Imogen Heap and Flux Pavilion, and the app is used by the likes of Hannibal Buress and Kevin Drew of Broken Social Scene.
“Being invested in the spaces where we gather is a key theme to the metaverse”, Exile continues. “So our first step is to give our community an opportunity to own a stake in the business we’re building. Having run the seventh-largest software Kickstarter campaign ever to fund building Endlesss Studio, we’re incredibly excited for this next stage of development.”
Learn more about the Seedrs campaign at seedrs.com.