Muzika Network( MZK) Blockchain Here To Take Over

beno9 (32)in #bitcoin • 7 years ago

WHAT IS THE MUZIKA?

Muzika is a music blockchain venture, which has been based on a current business and worldwide music stages with a large number of clients and fans crosswise over several countries, in addition to music specialists from the globe, we go for altering the computerized music industry with the production of another advanced music biological community. Muzika venture is driven by Forbes-granted and Informatics Olympiad colleagues and supported by probably the most persuasive financial specialists in South Korea and Asia. The token economy will be supported up by the regularly developing populace of network clients and fans.

THE CHALLENGE

Performers and fans are the genuine esteem makers in the present music industry, yet they are not appropriately compensated for their esteem creation.

Performers are starving. Everybody tunes in to music, more individuals pay for music, however, specialists are still not profiting.

Fans (that is us) are still categorized as buyers, however, we are the ones who really make whizzes! We dedicate our opportunity and exertion to cast a ballot, make cover melodies, become famous online, and even compose fictions for our most loved specialists, however, nobody compensates our exertion and commitment.

middle people (wholesalers and stages) are making the over the top benefit for one time and unsophisticated errands of 'exchanging' the instant qualities.

Muzika will convey advancement to the esteem chain in the computerized music industry: We will change how esteem is made and caught by different players inside the business. We will return prizes to the individuals who make the esteem, from the individuals who just exchange the esteem, while recouping the offer lost from computerized robbery through blockchain innovation.

WHAT MAKES US DIFFERENT

Past Attempts Failed to Secure Large Userbase: Previous music blockchain ventures have ignored the significance of a substantial user base to accomplish widescale selection. These ventures have exhibited that it is conceivable to give a higher commission rate to craftsmen for their work utilizing Smart Contract exchanges. Be that as it may, for specialists, the low commission rate offered from customary music gushing applications that had immense userbases were more alluring than blockchain applications utilizing Smart Contract exchanges. For example, a 10% commission of $1,000 from iTunes was desirable over 90% commission of $1 from a Smart Contract exchange.

Muzika Will Create A New Economy To Incentivize The Users: Muzika intends to give performers the best of the two universes: a higher commission rate for their innovative substance and a solid client base. Muzika has built up a solid framework for boosting fans to add to the Muzika biological system. These motivations will construct the client base important for Muzika to give both higher commissions to craftsmen alongside the mass userbase of conventional music spilling locales. The system impact from a mass userbase will be simply the way to building up an independent, managing environment. At the end of the day, Muzika can furnish performers with 90% of $1,000.

We Have Done It Before: Muzika has effectively made noteworthy accomplishments towards the improvement of a practical answer for wasteful aspects in the advanced music industry. In 2015, fellow benefactors of Muzika saw an open door in the online instrumental music industry and began online instrumental music stage Mapiacompany. In a little more than 3 years, Mapiacompany has turned into the #1 worldwide instrumental music stage with more than 2 million clients. Muzika will expand upon this current userbase and network.

4 . THE MUZIKA ECOSYSTEM

Muzika will create an autonomous, self-sustaining ecosystem driven by artists and their fans in tandem, where compensations and rewards will become proportional to the level of devotion put into musical creations and ecosystem behind them.

Smart contract will allow digital musical products to be transferred directly from artists to fans, ensuring fairer and more transparent economic distribution.
Fans will be rewarded with loyalty points for their various community activities, which will be regularly converted into MZK coins — the sole medium of exchange for all economic activities in the ecosystem.
Fans will have opportunities to make direct sponsorship to their favorite artists, supporting them and receiving exclusive benefits in return.