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Muverse launched in 2021 as a music NFT exchange and app with a rhythm game and earn mode, for artists, investors and fans. It raised a $6M seed round in March 2023 from Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO and others. In late December 2024 it rebranded as MelodAI, a Web3 AIGC and multimodal AI agent platform that generates music from text or audio inputs. Crunchbase now lists the company as closed, and PitchBook shows only about 4 employees.