What Cadenverse does

Cadenverse is a blockchain-based decentralized music distribution and gaming platform founded in 2022 and incorporated in the Cayman Islands as Cadenverse Limited. The company's flagship product is Duet Monsters, a free-to-play mobile rhythm game launched in May 2024 on the Ronin Network in collaboration with Sky Mavis (developer of Axie Infinity), where players earn SLP and AXP tokens through Elo-based 1v1 wager battles, daily quests, and leaderboard rankings. The platform also includes Looper Band — a music game featuring PvE training, PvP instrument-identification battles, and Free Mix creation — plus a catalog of NFT Musicians, unique character collectibles with genre-based rarity that grant membership access to The Music Multiverse.

The platform is built on the Ethereum and Ronin Networks using smart contracts for NFT ownership, trading, and royalty tracking; the Cadenverse governance token $CDV is deployed on Polygon (contract 0x2c7bcd5220fe98388cdee52ee1ad609445bcc066) and listed on Uniswap, QuickSwap, and Sushiswap, while a separate in-game utility token $MSC is used for play-to-earn and create-to-earn mechanics. Revenue is generated through a 4.25% commission on smart-contract transactions (breeding and buying Cadenverse assets) routed through the Ronin Network and via secondary-market NFT trading on the Cadenverse Marketplace and OpenSea. The core team originates from Amanotes, identified as the world's #1 mobile music game publisher with over 2 billion cumulative downloads, 15+ million daily active users and 120+ million monthly active users as of 2021, providing a deep existing music-gaming IP base and operational expertise.

Cadenverse serves three primary segments: gamers and play-to-earn players who compete in rhythm battles for token rewards, content artists and musicians who mint compositions as NFTs and earn royalties when their music is used in-game, and NFT collectors/stakers who acquire musician NFTs and stake $CDV for governance rights. Go-to-market is community-led through Discord and social media, augmented by event-driven alpha tournaments and product-led growth via free-to-play mobile downloads with optional NFT upgrades. The company has raised approximately $4 million across private funding rounds in 2022 from investors including WEMIX, Kyber Network, Sandbox, TomoChain, Hub Global, Metabora, Lua Venture, DW Capital, and FIM Ventures, and operates with 101-250 employees.

Name

Cadenverse

Legal name

Cadenverse Limited

Website

https://cadenverse.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Cadenverse is a blockchain-based decentralized music distribution and gaming platform that operates rhythm games such as Duet Monsters and Looper Band, enabling players to earn tokens via gameplay and musicians to mint NFT compositions and receive royalties.

Ownership category

akta.pro rank

Product category

Blockchain Gaming

NAICS

Amusement Arcades (71312)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Blockchain Game Studios & Game Development (FSAPAGAC)

akta.pro secondary industries

GameFi Economies & Token Systems (tokens, staking, sinks/sources, inflation control) (FSAPAGAG), Web3 Game Publishing & Distribution Platforms (FSAPAGAA), In-Game Asset Standards & Infrastructure (NFT items, marketplaces, royalties, asset registries) (FSAPAGAE)

Keywords

• Blockchain gaming platform
• Play-to-earn games
• Music NFT marketplace
• Decentralized music distribution
• Web3 rhythm games

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Transaction Commission: Cadenverse collects a 4.25% commission on the total value of each smart contract transaction (breeding Cadenverse, buying Cadenverse) conducted via the platform. Revenue is transferred directly through the Ronin Network.
2. Token Ecosystem: Platform generates value through dual-token economy. $CDV governance tokens and $MSC utility tokens facilitate in-platform transactions, staking rewards, and ownership mechanics across the music multiverse.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Cadenverse operates a decentralized music distribution and gaming platform built on blockchain technology. It offers play-to-earn rhythm-based mobile games (Duet Monsters, Looper Band), NFT musician collectibles, and a dual-token economy ($CDV governance, $MSC utility) that allows players to earn tokens through gameplay and content artists to receive transparent royalties when their NFT-ized music is used in games.

Product overview

Cadenverse is a decentralized music distribution and gaming platform powered by blockchain technology, operating as a platform-plus-games architecture. The platform's core product is Duet Monsters (a rhythm battle game developed in partnership with Sky Mavis), along with Looper Band as the first universe within the platform. Supporting the gaming ecosystem are two token systems: $CDV (Cadenverse Token) for governance, staking, and ownership; and $MSC (Music Coin) for in-game play-to-earn and create-to-earn mechanics. The platform also offers NFT Musicians as collectible assets, tradable via both the Cadenverse Marketplace and OpenSea. The platform is built on Ethereum and Ronin Network blockchains, with the $CDV token specifically deployed on Polygon.

Differentiator

Problem solved

Functional benefit

Products and services

• Duet Monsters A blockchain-based mobile rhythm game developed by Sky Mavis in partnership with Cadenverse, where players swipe to collect falling musical notes and compete in wager-based 1v1 battles using NFT Axies. Players earn $SLP and $AXP tokens through Battle Mode (Elo-based matchmaking), Daily Quests, and Leaderboard rewards. Operates on the Ronin Network as a free-to-play mobile rhythm game.
• Looper Band Cadenverse's first game universe and blockchain-based music game where players recognize instruments played in music mixes. Features three play modes: PvE Band Training (identifying instruments in bands of 2, 3, or 5 musicians), PvP Band Battle (competitive 1v1 instrument identification), and Free Mix Mode (creating and submitting music themes). Players form bands with a minimum of 2 NFT Musicians to earn real money.
• NFT Musicians NFT-based character collectibles representing musicians in the Cadenverse platform. Each musician is unique with varying rarity based on music genres they can perform. NFT Musicians provide membership access to The Music Multiverse and full ownership of characters, abilities, and associated collectibles via blockchain technology. They can be purchased on OpenSea and the Cadenverse Marketplace.
• Cadenverse Token ($CDV) Governance token with limited supply used for three purposes: Governance (shaping future iterations of the platform), Staking (collateral for value-added services, earning ongoing issuance and governance weight), and Ownership. Deployed on Polygon network at contract address 0x2c7bcd5220fe98388cdee52ee1ad609445bcc066. Available on Uniswap, QuickSwap, and SushiSwap.
• Music Coin ($MSC) In-game utility token with unlimited supply used across games on the platform for Play-to-earn and Create-to-earn purposes. Unlike $CDV, Music Coin is not a governance token and is designed for in-game economy mechanics.
• Cadenverse Marketplace In-platform marketplace for purchasing NFT Musicians and other NFT elements needed for gameplay. Integrated with the gaming experience and connected to the Ronin Network, with a 4.25% commission collected on smart contract transactions (breeding and buying Cadenverse assets).

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability1 record

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Sky MaviscoreStrategic or Co-development Partner · 1 May 2024Sky Mavis, developer behind Axie Infinity, partnered with Cadenverse for the Duet Monsters game launch. This collaboration enables Cadenverse to leverage the Axie Infinity ecosystem and expand into Web3 music-gaming. Sky Mavis launched Duet Monsters as a free-to-play mobile rhythm game on the Ronin Network, allowing players to earn $SLP and $AXP tokens.
• AmanotescoreStrategic or Co-development PartnerAmanotes is the world's #1 mobile music game publisher with 2+ billion downloads. Cadenverse's core team comes from Amanotes, providing strategic help and music gaming expertise. Cadenverse aims to transform Amanotes' existing music games into P2E versions. As of 2021, Amanotes has 15+ million daily active users and 120+ million monthly active users.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Gala Games: Gala Games operates multiple blockchain-based play-to-earn titles with NFT assets and a dual-token model — directly comparable to Cadenverse's Web3 gaming, NFT ownership, and P2E reward structure.
• The Sandbox: The Sandbox is a decentralized virtual gaming world with NFTs and a SAND token — comparable to Cadenverse in Web3 gaming mechanics, asset ownership, and creator-driven content; also a Cadenverse investor.
• STEPN: STEPN is a move-to-earn Web3 game with a dual-token economy and NFT-gated access — directly comparable to Cadenverse's P2E mechanics, NFT gating, and dual-token model in the broader GameFi category.
• Sky Mavis (Axie Infinity): Developer of Axie Infinity and operator of the Ronin Network, Sky Mavis is both a strategic partner (co-developing Duet Monsters) and the closest direct competitor in Web3 gaming — it sets the benchmark for P2E economics, NFT game assets, and on-chain reward loops that Cadenverse's Duet Monsters directly inherits.
• WEMIX (Wemade): WEMIX is a major blockchain gaming platform and one of Cadenverse's early investors; it operates its own game studio and token economy, making it both a financial partner and a direct peer competing for GameFi users, developers, and capital.

Broad incumbents

• Animoca Brands: Animoca Brands is a large Web3 gaming and NFT investment/operating company that backs and builds multiple GameFi titles; comparable as a broad incumbent shaping the same ecosystem in which Cadenverse competes.

Others

• Magic Eden: Magic Eden is a leading multi-chain NFT marketplace — comparable as the type of secondary-market infrastructure (alongside OpenSea) where Cadenverse's NFT Musicians are traded and priced.

Emerging players

• Sound.xyz: Sound.xyz is a Web3 music NFT platform enabling artists to mint and sell music as collectibles — comparable on the music-NFT and creator-royalty side of Cadenverse's offering, not on the gaming side.
• Amanotes: Amanotes is the parent-style strategic partner providing the core team, content catalog, and 2B+ download distribution pipeline that Cadenverse is built on top of — closely tied operationally rather than a pure competitor.
• Audius: Audius is a decentralized music streaming and NFT platform tackling artist monetization on-chain — overlapping with Cadenverse's music-royalty and NFT-music-creator thesis, though not a gaming peer.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cadenverse

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cadenverse