Skip to main content

Steve Angello is placing a bet on the future of music rights and throwing his weight behind anotherblock, a Swedish startup dedicated to expanding public access to royalty investing by way of NFTs.

The anotherblock platform will seek to tokenize music rights—and the cash flows associated with those rights—by issuing NFTs, or non-fungible tokens. Typically, this is an asset class reserved for institutional investors and accredited investors, but the structure of anotherblock's offerings would allow them to sell to the public.

Founders Michel D. Traore, Sebastian Ljungberg and Filip Strömsten boast impressive pedigrees from different sectors of the technology industry. Traore was formerly head of international expansion for Lendo, the fintech success story from Oslo-based digital media powerhouse Schibsted. Ljungberg, anotherblock's CTO, was most recently the in-house blockchain expert at Nasdaq.

According to a press release shared with, the Swedish House Mafia star threw his hat in the ring during anotherblock's latest pre-seed funding round, which raised $1.2 million. The round was led by Stockholm-based early stage VC firm J12 and additional participation came from Sebastian Knutsson, Mattias Miksche, and Mathias Ackermand. Knutsson is the founder of King, the publishing and development company behind Candy Crush, while Miksche and Ackermand have operated as angel investors in a number of successful early stage companies.

Scroll to Continue

Recommended Articles


Listen to NGHTMRE and KLAXX's Reunion on Their Anthemic Track "The One"

"The One" is the second single from NGHTMRE's forthcoming album.


Nostalgix Returns to Night Bass with Bold and Sassy Single "My Type"

“My Type” is an amalgam of everything we love about the Nostalgix: confident vocals, excellent production, and high energy.

idris elba

Idris Elba Joins Hï Ibiza's Lineup of Summer Residencies Alongside David Guetta & MORTEN

Elba's residency in the White Isle is slated to take place from June through September.

anotherblock CEO Michel D. Traore and COO Filip Strömsten. 

anotherblock CEO Michel D. Traore and COO Filip Strömsten. 

In addition to the increased access and liquidity that will come from the anotherblock marketplace, the organization also sees their approach as a means to generating a fairer valuation for the music and art itself. 

One way creators will benefit is by way of a transaction royalty they will get to pocket each time their NFTs are traded on the open market, a pathway to generating income potentially in perpetuity.

"Unless profound changes are implemented in the way that artists can monetize their creativity, the music industry is in a race to the bottom," said Michel D. Traore, CEO of anotherblock. "anotherblock is the solution: harnessing the latest technology and industry expertise, our platform will protect the creators, and support them as they continue enriching society and our culture."



LimeWire Returns As NFT Marketplace to Right the Wrongs of Its Troubled Past

“LimeWire is returning as a platform for artists, not against them," said LimeWire's co-CEO.


Calvin Harris Believes NFTs Could Revolutionize the Music Industry

"It's a whole new avenue that you can really just put out whatever you want, and that's kind of how music should be."

david guetta united at home

David Guetta Announces Partnership to Sell Blockchain-Powered "United at Home" NFTs

David Guetta and his team continue to pioneer bleeding edge technology.

EDC LV 2021-3LAU-Brian Rapaport Photo_01

3LAU Is Giving Away a Singular Copy of a New Song And Its Rights—As an NFT

The idea was developed in the spirit of Wu-Tang Clan's "Once Upon a Time in Shaolin" album release.

metaverse nft

New Music Industry Content Moderation Service Helps Take Down Unlicensed Metaverse NFTs

The metaverse remains a Wild West, but prominent rights-holders are beginning to enlist services to protect their financial interests.

Alec x Ozuna NFT image

Oil and Water: How is Changing the NFT Space Through Unusual Collaborations

Alec Monopoly and Avery Andon are bringing a uniquely collaborative approach to the NFT space with

EDC LV 2021-3LAU-Brian Rapaport Photo_01

3LAU's NFT Marketplace Nabs $55 Million Investment From The Chainsmokers, Kygo, More

This funding comes after a $16 million investment back in August.