Musicians and fanatics are the real value creators in nowadays’s music industry, but all of us knows that they may be now not well rewarded for their value creation.
In fact, many musicians are starving. even though definitely absolutely everyone listens to tune, more people pay for the track, however, artists are still no longer making a living.
fans are nevertheless pigeonholed as purchasers, though we’re the ones who clearly make high-quality-stars! We commit our time and effort to vote, make cover songs, pass viral, or even write fictions for our favorite artists, however, nobody rewards our attempt and devotion.
Intermediaries which include distributors and structures are the ones making immoderate income for one time and unsophisticated duties of ‘transferring’ the prepared-made values.
With the advent of Muzika, we will bring innovation to the value chain in the digital music industry and reform how the price is created and captured by way of diverse gamers inside the enterprise. we can go back rewards to people who create the fee, from people who simply transfer the value, while getting better the percentage lost from virtual piracy thru blockchain generation.
despite the fact that there are many previous tries that had did not comfortable big Userbase, in fact, previous song blockchain tasks have ignored the importance of a large userbase to obtain widescale adoption. these projects have tested that it is possible to offer a better fee rate to artists for his or her paintings using smart agreement transactions. however, for artists, the low fee rate presented from conventional track streaming apps that had massive userbases were more appealing than blockchain apps using smart settlement transactions. living proof, a 10% commission of $1,000 from iTunes become optimal to 90% fee of $1 from a clever settlement transaction.
Muzika is constructed on 2 million energetic customers
unlike masses of ICOs without evidence of practicality, Muzika isn’t beginning from scratch. The token economy is strongly built at the backs of our existing, earnings-producing, and privately & publicly funded enterprise with 2,000,000 energetic customers & subscribers from one hundred fifty+ countries and artists from 30+ countries.
through years of Vrich experiences, we have learned the perfect methods to build a community run by using loyal and incentivized individuals: a key to the achievement of any network-based blockchain tasks.
Muzika Will Create a brand new financial system To Incentivize The users
Muzika goals to offer musicians the great of both worlds: a higher fee for their creative content material and a strong user base. Muzika has evolved a robust platform for incentivizing music fans to make contributions to the Muzika ecosystem. these incentives will construct the userbase necessary for Muzika to provide both higher commissions to artists at the side of the mass userbase of traditional music streaming sites. The community impact from a mass userbase can be the important thing to growing an independent, self-sustaining environment. In different words, Muzika can provide musicians with ninety% of $1,000.