According to The Block, the music NFT platform Sound.xyz has completed a $20 million Series A financing round, led by a16z Crypto, with participation from Palm Tree Crew, A Capital, Sound Ventures, Collaborative +Currency, Scalar Capital, Snoop Dogg, Ryan Tedder and Tay Keith. David Greenstein, the company's co-founder, said: "This funding will provide us with resources to grow the team and further realize our vision." He added that Sound.xyz is not currently disclosing its valuation.