According to ChainCatcher, Hong Kong Web3 music startup Star Nest announced that it has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong Stock Exchange-listed Guofu Innovation Co., Ltd. Star Nest will work with Armonia Meta Chain to develop the metaverse game Star Nest SpaceStar, which includes music, role-playing and social functions.

In addition, Star Nest plans to list the project representative NEST in the third quarter of 2024. Nest will receive 2.1 billion NEST tokens tailored for the project. Star Nest will build a more complete music industry token economic system through NEST tokens. The token NEST will be widely used in purchasing performance tickets, chain game cooperation, metaverse consumption, governance voting and other aspects.