Details

What is JAM

Tokens

1. What is jam?

Introduction to JAM Tokens

JAM is the native token of the Geojam platform, which is a social engagement platform designed to create meaningful and passionate interactions between fans and creators. The platform uses JAM tokens to drive fun polls, proposals, and competitions to earn money, allowing users exclusive access to communities, merchandise, and once-in-a-lifetime experiences.

However, it's important to note that the JAM token may have different descriptions and uses across various sources. For example, on CoinMarketCap, JAM is described as the token for Tune.FM, a decentralized music streaming platform and music NFT marketplace that utilizes blockchain technology to revolutionize the distribution, consumption, and monetization of music.

In general, the JAM token is primarily used on the following two platforms:

  1. Geojam: A social engagement platform that uses JAM tokens to drive fun polls, proposals, and competitions to earn money.
  2. Tune.FM: A decentralized music streaming platform and music NFT marketplace that utilizes blockchain technology to innovate the distribution, consumption, and monetization of music.

Both platforms leverage JAM tokens to facilitate user engagement and creator earnings.

2. Who founded jam?

According to the information provided, there are two different tokens or projects that use the name "JAM":

  1. Tune.FM (JAM): This is a decentralized music streaming platform and music NFT marketplace that uses JAM tokens as a means of payment within its ecosystem.

  2. Polkadot's JAM: This is a technological vision for the future of Polkadot proposed by Gavin Wood, marking the next chapter in the development of Polkadot.

Therefore, if you are referring to Tune.FM's JAM, there is no specific founder information in the provided search results. However, if you are referring to Polkadot's JAM, it was proposed by Gavin Wood.

3. What venture capital invested in jam?

According to the provided search results, there is no direct mention of venture capital firms that invested in the token "jam." However, it was mentioned that JAM FINTOP participated in a $7 million Series A funding round for Onramp Invest, but this is not related to the token "jam."

If you are looking for investment information related to tokens or Web3, here are some relevant investment details:

  • UNXD: A metaverse fashion company that completed a $4 million funding round, with investors including Animoca Brands, Polygon Studios, and Red DAO.
  • TeaDAO: A metaverse project that completed a $4.6 million seed round, with investors including 7 O'Clock Capital, Shima Capital, Signum Capital, etc.
  • Lighthouse Labs: Raised CAD 9.1 million in seed funding to build a search engine for the metaverse, with investors including Accel, BlockTower, and Animoca Brands.
  • Stability AI: Secured $101 million in funding to develop AI models targeted at global consumer and enterprise use cases, with investors including Coatue, Lightspeed Venture Partners, and O'Shaughnessy Ventures LLC.
  • Jasper: Secured $125 million in funding, with the company's valuation reaching $1.5 billion, with investors including Insight Partners.
  • Kinetix: Raised $11 million in a funding round to build a no-code platform, with investors including Top Harvest Capital founder Adam Ghobarah, Sparkle Ventures, and Animoca Brands.
  • Mona: Secured $14.6 million in funding to create a metaverse platform for 3D creators, with investors including Protocol Labs, Archetype, and Collab+Currency.

This information is not directly related to the token "jam," but it provides insights into investments related to Web3 and tokens.

4. How does jam work?

According to the provided information, there are two different projects for "JAM" tokens: Geojam Token and Tune.FM. Here’s how they work:

  1. Geojam Token (JAM):

  2. Project Overview: Geojam Token is a token used for trading and rewarding on the Geojam social media network. The network aims to improve ROI opportunities for users and creators through blockchain technology.

  3. How it Works: Geojam Token is used on its social media platform to reward users and creators. Users can earn JAM tokens by participating in platform activities, and creators can earn rewards by sharing content.

  4. Tune.FM (JAM):

  5. Project Overview: Tune.FM is a decentralized music streaming platform and music NFT marketplace that utilizes blockchain technology to innovate the distribution, consumption, and monetization of music.

  6. How it Works: Tune.FM uses JAM tokens as the primary currency within its ecosystem. Artists can earn JAM tokens by uploading music, while users can earn JAM tokens by listening to songs and providing feedback. The platform is built on the Hedera Token Service (HTS) ecosystem, ensuring artists are immediately compensated when their music is played.

In summary, both JAM token projects leverage blockchain technology to facilitate transactions and rewards within their respective ecosystems. Geojam Token focuses on social media networks, while Tune.FM focuses on music streaming and the NFT marketplace.

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