Austin based NFT music rights startup raised $55m in Series A led by a16z Crypto.
This investment is notably being helmed by a16z Crypto co-lead Katie Haun who sits on the boards of Coinbase and NFT marketplace OpenSea. The firm already has a deep relationship with Royal’s executive team, having previously backed Ross’s last company Opendoor. Naithan Jones, a former Andreessen Horowitz partner who led the team’s Talent X Opportunity Fund, also joined Royal in September as the firm’s head of Growth.