Decentralized fan engagement platform AmplifyWorld announced the completion of a $1.20 million financing, with early-stage venture capital firm Chapel Ventures participating. It is reported that this financing transaction is conducted through Simple Future Token Protocol (SAFT). AmplifyWorld aims to empower artists and fans in the music industry by leveraging blockchain and Web3 technology. It is currently preparing to launch tokens to build a new music economy, allowing artists to directly connect with fans. The new funds are proposed to accelerate the development and deployment of tokens.