Business
Digital Arts Media Network and Music Royalty Sharing App Vezt, Inc. Align for Angels+
Digital Arts Media Network and Music Royalty Sharing App Vezt, Inc. Align for Angels+.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\n\n NEW YORK, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has aligned with Vezt, Inc., a blockchain based music royalty sharing app, to leverage the Angels+ program.\n Vezt, Inc., co-founded by music executive Steve Stewart, provides music artist with an equitable and transparent platform to easily monetize songs in a unique way. The blockchain based music platform allows fans to partner with artist on a song-by-song basis, providing fans with the opportunity to make money from an artist’s royalties and licensing income. “Vezt has raised more than $3M in less than 12 months from rather savvy tech investors,” stated Ajene Watson, Chairman and CEO of Digital Arts Media Network, Inc. “We are happy to align with Vezt, Inc. through our Angels+ offering and will continue to assist them in any way needed. Given the tremendous support received from those music, blockchain and cryptocurrency experts at Vezt’s first event, Blockchain In Music Conference, it seems apparent that Vezt could be an overwhelming success for the music, blockchain and startup communities.” Angels+ is a capital formation program giving startups like Vezt, Inc. the ability to provide angel and early-stage investors early liquidity options. In return, startups give a small slice of equity to Digital Arts Media Network for providing early liquidity to the startup’s angel investors. This equity is pooled together in a basket of other high-growth valued startups that make up the equity portfolio of Digital Arts Media Network. Robert Menendez co-Founder and CFO of Vezt, Inc. commented, “Lack of liquidity is a real problem for angels when investing in startups. I understand this as both an investor and co-founder of startups. Assisting Ajene and his team develop a strategy that solves this problem, was important to me for both my own startup company [Vezt, Inc.] and the startup community at large.” Steve Stewart, CEO of Vezt, Inc., commented, “It was not until I was interviewing an investor who faced the typical liquidity challenges that most angel and early stage investors grapple with, that I realized the potential value of Angels+ for tech startups. Simply seeing an investor’s ...