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Music Biz Member Revelator Adds Microfinancing to its Payment-Accelerating Wallet

Innovative creator rights management company, Revelator has expanded its web3-based Wallet to provide instant financial support to artists and rightsholders with the help of a new $1.3 million grant. Revelator was able to reduce royalty settlement time from months to days in a 2020 pilot with a major global publisher. Processing more than 9 billion streams in a day, amounting to seven months worth of data, the company processed rightholder payments in under 30 days (as opposed to an entire quarter or longer).