It seems like just yesterday that Neil Young announced his new music service, PonoMusic, and his intention to start a Kickstarter to raise funds for it. Well, it was only two days ago, and in fewer than ten hours after launching the Kickstarter, Young met his goal of $800,000 a month ahead of schedule.
As of today, the project had more than 4,500 backers raising $1,612,594. Nearly 1,500 of those backers pledged $300 or more and will receive a first edition PonoPlayer.
PonoMusic will be a digital music service and player that promises to bring high-quality audio to listeners and “move digital music into the 21st century.” The player will have 128 gigabytes of memory and will be able to store between 1,000 and 2,000 high-quality recordings.
The PonoPlayer is expected to launch in October of this year. There are currently no plans for PonoMusic to add more rewards for backers who missed out on the initial offering. Kickstarter rules say that organizers keep all funds raised past the initial goal, though oftentimes more rewards are added as a project raises more and more money.
You can see the PonoMusic’s Kickstarter here.