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DRiP Haus Acquires Vault Music to Enhance On-Chain Music Experience for Solana Creators

Jul 01, 2024•over 1 year ago

Acquiring Company

DRiP Haus

Acquired Company

Vault Music

AustinMamaroneckBlockchainMusicMusic StreamingMusic

Description

DRiP, the Solana-based creator platform, has acquired Vault Music, the limited-edition music platform on the Solana blockchain. By joining forces, DRiP will enhance its experience for musicians and on-chain music collectors in the Solana ecosystem, including the transition of all Vault Music drops and users to the DRiP platform.

Company Information

Company

DRiP Haus

Location

Austin, Texas, United States

About

DRiP is the leading creator platform on the Solana blockchain that allows artists and creators to distribute digital works, such as art and music, to their followers. With a focus on mainstream-friendly user experience, DRiP is expanding the types of content and experiences available to creators, including news, video, and podcasts.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed