NFTMUSIC.AI: The Breakthrough Utility Token for the Music Industry
15th June 2021, Singapore – The growth of the internet and mobile era has opened an entirely new world for creatives. While it has empowered the music industry and given it new grounds to profit from, there are still inherent uncertainties such as illegal downloads and underpaid royalties.
As the viability of the music industry in the 21st century comes under question, NFTMUSIC.AI’s mission is to create an ecosystem that safeguards all the content that everyday musicians and content creators develop, and to prevent the fruit of their labor from being taken advantage of. NFTMUSIC.AI aims to change the landscape of the music industry by empowering artists in the industry through their content, and move the musical culture forward as they do so.
“Musicians and artists have limited ways of monetizing and keeping track of their original compositions and performances because they still get ripped off their royalties somehow,” says Founder, Leon Lim. He continued:
“We built NFTMUSIC.AI to empower them to do what they do best, while using technology to solve these complex tracking and monetization problems.”
The opportunities offered by blockchain technology have enabled NFTMUSIC.AI to re-think how the music industry operates. Harnessing the power of blockchain technology, they believe that it can improve upon the current limitations of digital music distribution and create an ecosystem that will support musicians in gaining proper compensation for their work.
Building MUSETTE: A Revolutionary and Disruptive Platform
To conquer these challenges, NFTMUSIC.AI is developing a blockchain-based ecosystem that rewards musicians and streamlines the music licensing process.
- MUSETTE Live Streaming App NFTMUSIC.AI is developing their own live streaming app, MUSETTE, which is scheduled to launch in June 2021. MUSETTE will be the stage for the world’s most amazing and talented musicians to share their love for cultivated music. The app will serve as a connection between listeners and content creators in hopes of inspiring a new generation of musicians; nurtured in an environment which encourages creativity, culture, values, discipline and greatness.
- MUSETTE NFT Platform
NFTMUSIC.AI is building a bridge between art and mankind. The MUSETTE NFT Platform makes it seamless for creators and musicians to register, sell, and buy unique works on the decentralized web. Creators can upload their creations and put them up for sale. By using smart contracts on the blockchain network, they will be able to securely prove ownership of their digital content, thereby keeping its authenticity and preventing duplication or theft. The platform also empowers creators to set their own royalties and claim a portion of the resale value should their work get resold in the future. Never in the history of mankind has this been possible, until now.
Future Plans for Mass Adoption
NFTMUSIC.AI has created a well-defined yet aggressive and organized roadmap for the year. Being an ongoing project for less than a month, NFTMUSIC.AI has accomplished many milestones, with more to come. The team is currently building the MUSETTE platforms and rolling out marketing campaigns.
$MUSIC: The Utility Token for NFTMUSIC.AI
MUSIC is a deflationary BEP-20 token built on the Binance Smart Chain (BSC). Holders will be able to use the MUSIC token to buy and sell creations to show support for their favourite creator on the MUSETTE NFT Platform. MUSIC is available for trading on PancakeSwap.
About NFTMUSIC.AI
NFTMUSIC.AI is a music ecosystem created to help musicians and creators share and trade their digital content with minimal hassle, while gaining proper compensation for their work. It is backed by MRC Ventures, a venture builder company based in Singapore.
Follow NFTMUSIC.AI’s social media channels to stay up to date with their latest news:
Website | Telegram | Twitter | WhatsApp | Discord | Reddit | Facebook | Instagram
Media Contact
Contact Person: Toong Si En
Email: [email protected]
Address: 10 Kaki Bukit Avenue 4 #09-68 Premier@ Kaki Bukit Singapore (415874)
NFTMUSIC.AI is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
