Revelator Joins Forces with Stripe to Launch NFT Payment Infrastructure

Revelator, which provides digital IP infrastructure to music companies, has launched its NFT payment infrastructure in partnership with Stripe Inc., offering a new way for music companies, creators and fans to dive into the Web3 space.

Stripe is a financial services company that offers a suite of APIs powering online payment processing and commerce services for internet businesses.

Revelator has picked Stripe to help it launch an NFT payment infrastructure as an integrated web3 functionality on top of its digital music supply chain management service offerings. 

The company will integrate the NFT service into its existing Revelator Pro platform, giving users the ability to create, sell, distribute, and manage NFTs while managing their digital assets, supply chain, rights management, business intelligence, financial reporting, and royalty payment distribution.

With Revelator Pro, music companies are able to collect, process and sync all of their digital sales reports across digital service providers.

The Stripe integration will make Revelator Pro the first platform to integrate Web3 functionality, Revelator claims.

The partnership will allow labels, publishers, distributors, and creators to open up a new direct-to-fan revenue stream with digital collectibles and payments.

"Using Stripe, Revelator will play a crucial role in helping to garner widespread use of web3 from non-crypto natives in the music industry," Bruno Guez, CEO and founder of Revelator, said.

"This is a major step toward Revelator's vision of onboarding more labels, artists, and fans onto Web3, to bring these promising digital assets to the mainstream of music fans. Right now, too much arcane technical knowledge is required to get music fans and music companies really excited about what should be a thrilling new medium," added Guez.

(Source: Music Business Worldwide)