Nashville-linked RecordGram to launch $300MM TUNE token sale

September 20, 2017 By Milt Capps
Nashville
Venture Nashville Connections

RECORDGRAM, the Miami-based and Nashville-linked provider of a music-collaboration app, today announced during TechCrunch Disrupt San Francisco its plans for a $300MM initial coin offering (ICO), using its token, dubbed TUNE. The offering is scheduled to begin mid-October.

On its crowdsale page, RecordGram says its ICO signals the introduction of "blockchain smart contract technology and TUNE tokens that will have at least 7 utility functions including app transactions and providing intellectual property rights and royalty payment transparency."

Venture Nashville reported Aug. 16 that RecordGram Co-Founder and CEO Erik Mendelson, an alumnus of the Nashville Entrepreneur Center's Project Music, said that if the company succeeded in raising $100MM or more via a token sale, the company is not likely to require another outside capital raise prior to its eventual exit.

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Today's whitepaper points to the tech team at Frost Brown Todd as providing legal counsel on the RecordGram ICO offering and related matters.

View the original article in its entirety: Nashville-linked RecordGram to launch $300MM TUNE token sale

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