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About Corite
- Corite (CO) is a Swedish music and tech startup founded in 2018.
- Corite’s blockchain-based platform allows fans to invest in music and earn rewards.
- The platform has a 120,000 user base and has partnered with Hitco.
- Corite has raised €600K in a seed round and $6.2 million in a private token sale.
- The company was co-founded by Mattias Tengblad and Emil Angervall.
- Corite gives fans the opportunity to invest directly in their favorite creators and receive a share of streaming revenues.
- The platform has over 400 campaigns, raised $1
About Corite: Empowering Artists, Revolutionizing Music
Introducing Corite (CO): A Revolutionary Digital Asset
Corite (CO) is a Swedish music and technology startup, established in 2018, that pioneers a novel approach to artist funding. By empowering fans to invest in music and reap a share of the streaming profits, Corite bridges the gap between creative conception and tangible realization, fostering a symbiotic relationship between artists and their audience.
Corite’s blockchain-based platform empowers CO token holders and music enthusiasts to engage in fan funding and promotion, granting them early access to premier music projects and rewarding their contributions to the Corite ecosystem. Through the Corite platform, fans can invest in their favorite artists, acquiring royalty shares as backers, thereby providing a transparent and secure means of supporting their preferred musicians while earning rewards for their participation. The beta version of the platform, launched in October 2019, has since amassed a user base of 120,000. In July 2021, Corite entered the US market, partnering with Hitco to successfully close a US$2.2 million presale for their utility token, $CO – the native currency of the Corite platform. Consequently, Corite expanded its audience, attracted a talented team, and fostered a democratic working environment for artists. More recently, in January 2022, Corite announced the successful closing of a €600,000 seed round for the European launch of its fan funding platform, led by Tagehus, Eastate, and Almi Invest.
Corite collaborates with a distinguished roster of music industry luminaries, including [L.A. Reid] and [Charles Goldstuck], the visionary founders of Hitco Entertainment, renowned producers who have worked with iconic artists such as Beyoncé and Usher, as well as [Konstantin Kersting] and other esteemed professionals. Notably, Corite has recently forged a partnership with [Alan Walker] to release a series of tracks, thereby bridging the gap between fans and the Web3 ecosystem.
In January 2022, Corite CO successfully concluded a private token sale, securing $6.2 million in funding. Later, in September 2022, the company embarked on a public fundraising round on PancakeSwap, yielding a notable $1.5 million through an initial farm offering (IFO). The impressive roster of investors includes NGC, CoinCO, Coin98, KuCoin Labs, Chromawat, Gate Labs, Kyros Venture, Shima Capital, Everse Capital, Rarestone Capital, NGC Ventures, CryptoJ, BTX Capital, Skyman Venture, Exnetworkcapital, Bella Finance, 1001 Capital, and Hilbert Capital.
The Visionaries Behind Corite: Meet the Founders
Corite was co-founded by esteemed industry professionals Mattias Tengblad and Emil Angervall, both esteemed alumni of Universal Music Sweden.
Tengblad Mattias, a seasoned executive with twenty years of experience in the music industry, telecommunications, and media, helms Corite as its CEO. Prior to founding Corite, Mattias made a mark in the esports sector, spearheaded Digital Development at MTG, and led the branding company – ABBA Pop House Sweden – as its CEO. Furthermore, he held the position of Commercial Director at Universal Music Group (Sweden) for five years, during which he successfully launched Digster, a network of streaming playlists, and co-founded Spinnup, a pioneering file download service.
Emil Angervall, the esteemed Chief Creative Director of the company, boasts an impressive tenure of over twenty-five years, straddling the realms of technology and creative expression. Throughout his illustrious career, he has held esteemed positions as Lead Designer and Creative Director, cultivating a distinctive expertise in branding, marketing, and digital ventures. His notable collaborations include working with the renowned Universal Music Group (northern media giant MTG), TV production, and digital agencies. Furthermore, Angervall co-founded innovative startups Sniph and Bright Sunday alongside Tengblad.
Emelie Olsson, as Chief Operating Officer, spearheads the company’s daily operational functions, actively driving business development, communication, and team management initiatives. Her professional background encompasses sales, project management, and digital marketing expertise.
Unveiling the Unparalleled Attributes of Corite (CO)
Corite, a digital distributor, operates in the same sphere as TuneCore, United Masters, and Ditto, but with a distinct twist. By empowering fans to invest directly in their beloved creators, Corite enables them to partake in a share of the streaming revenues, effectively assuming a role akin to a record label. This innovative approach allows fans to financially benefit from the potential success of their supported artists, with creator valuations determined by their previous streaming history to gauge future revenue potential.
Corite boasts an impressive portfolio of over 400 campaigns, having successfully raised $1 million for artists and garnered millions of streams on its platform. Notable artist collaborations include esteemed names such as Alan Walker, Danny Saucedo, Sabina Ddumba, and King Charles.
What Is the Circulating Supply of Corite (CO) Coins?
Corite (CO) is the native utility token of the platform, serving as its proprietary currency. Notably, its circulating supply and market capitalization have been officially verified by CoinMarketCap.
The Corite Network’s Robust Security Framework: A Comprehensive Overview
To safeguard the integrity of the Corite platform, the team engaged Peck Shield, a renowned blockchain security expert, to conduct a comprehensive security audit. This meticulous examination encompassed a thorough review of Corite’s smart contracts, as well as a thorough assessment of the platform’s security infrastructure, including the web application and smart contract deployment process. Furthermore, Corite’s participation in the Binance Oracle program ensures the provision of reliable, secure, and accurate data for smart contracts. These stringent measures collectively provide users with unwavering assurance of the Corite platform’s security and transparency.
Where to Acquire Corite (CO): A Comprehensive Guide
The Corite token has successfully secured listings on prominent exchanges, including Bybit and PancakeSwap (V2), with additional listings available for viewing on our comprehensive crypto exchanges page.
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