By joining forces, DRiP becomes the defacto home for on-chain music on Solana

Solana-based creator platform DRiP is excited to announce the acquisition of Vault Music, a limited-edition music platform on the Solana blockchain. This strategic move will elevate DRiP’s offerings for musicians and on-chain music collectors, aligning with the launch of DRiP’s upcoming mobile app.

About the Acquisition:

• DRiP: A Solana-based creator platform focused on enhancing music experiences and expanding content offerings.
• Vault Music: A platform for creating exclusive, limited-edition music releases on the Solana blockchain.
• Acquisition Goal: To integrate Vault Music’s features into DRiP and expand the ecosystem for musicians and fans.

Transition Details:

• All Vault Music drops and users will migrate to the DRiP platform.
• DRiP’s new mobile app, set to release later this summer, will enhance content types and user experiences.
• The mobile app will be available on Android and iOS and will feature a natively embedded wallet for users.

Key Features of the DRiP Mobile App:

• Native Wallet: Automatically created for users to manage their music collections and transactions.
• Music-Specific Features: Designed to ease the onboarding process for non-crypto music fans.
• Content Expansion: Plans to include news, video, and podcasts on the platform.

Background on Vault Music:

• Founded: November 2021 by FanDuel co-founders.
• Functionality: Allows artists to create and sell exclusive, limited-edition music releases.
• Notable Artists: FLETCHER, Kids That Fly, Caroline Rose, AKTHESAVIOR, Naika, BLÜ EYES.
• Revenue Model: Artists earn royalties from both initial sales and secondary market resales.

Statements from Leaders:

• Vibhu Norby, CEO of DRiP: Expressed enthusiasm for the acquisition and appreciation for Vault Music’s role in building a musician community.
• Kara Burney, CEO of Vault Music: Praised DRiP’s vision and the potential for new royalty models and fan experiences.

The acquisition of Vault Music by DRiP marks an exciting development for the Solana-based creator platform. By integrating Vault Music’s unique features into its ecosystem and launching a new mobile app, DRiP is poised to offer enhanced on-chain music experiences and innovative opportunities for artists and fans alike.