Musicians have the resources to finance the things they support. Ordinary people try but often fail to have the required funding—which is why we tend to see celebrities investing in crypto and blockchain startups. The latest headline involving a celebrity moving into blockchain is as follows: Peter Gabriel invests in blockchain startup.
Peter Gabriel Invests in Blockchain Startup
You may remember Peter Gabriel as the former lead singer of Genesis, an English rock band formed in 1967.
Now, Gabriel, 68, is moving away from the music industry (so to speak) and into the blockchain industry. Specifically, according to a news release published on Wednesday, July 18th, Gabriel is investing in Provenance, a blockchain startup based in the United Kingdom.
It’s fitting that Gabriel has decided to invest in the technology, considering Genesis was a revolutionary, progressive band, and blockchain has a similar reputation.
Details on the Peter Gabriel Blockchain Investment
The news release didn’t provide a lot of detail, leaving a lot of questions unanswered. For instance, how much did Gabriel invest in Provenance? Perhaps we’ll get the answer to this question in the days to come, but for now, the figure remains unknown.
There are some things that we do know, though. First, Peter Gabriel has a tremendous amount of faith in Provenance.
In a statement, the English singer and humanitarian said that he is “convinced” that Provenance and the services it provides will “find a big role going forward” by “using [its] blockchain data system.”
Gabriel added that the service Provenance provides will “be of great use to the consumer,” and will provide an even “playing field for smaller, independent producers.”
Second, Gabriel isn’t the only one to
