Maestro: A Blockchain Based Music Platform
Every blessed day, artists, musicians and performance attract the attention of music lovers around the globe. Thus, it is not surprising that the popularity of music is growing. Hence, music is not just an art, but a business.
As the year goes by, the music industry brings profit estimated at millions of dollars. Hence, it is not surprising that that many companies are developing projects that meets the need of the music industry. This is why the Maestro was birthed.
The blockchain technology has affected almost every aspect of our life, the music industry not left out. The blockchain music service at the moment does not deal with the fundamental issues of the industry. Rather, it only seek to improve on the distribution of the surge
Maestro came into being with the intention to change the complicated media industry as well as liaise with existing parties to give room for new artists. Maestro will make available a music platform with its personal service for listening to music at an affordable price. It will be a unique project for users as they will have to pay only for songs listened to. Asides, users will be able to take part in the development of the project from their favorite artist. When the artist succeeds, he or she will be rewarded based on their investment.
Benefits of the Project
• Users will be charged only for what they listen to. Besides, the fee is reasonable compared to other platforms.
• Artists will be able to solve the issue of price of production. They will not have to worry about the cost of producing music as they will receive a fair share of the profit.
• All token holders will have access to the tokens
• Artists will be able to set a distribution ratio
• The profit sharing structure is fair and transparent.
The project Structure
The maestro offers two dApps: Ensemble and Symphony
- Ensemble will make available safe artist with donations directly for new and old projects. Fans will be involved directly with the project and can collaborate with their top choice of artist. Without a doubt, this arrangement will benefit both sides.
- Symphony will present the music industry with a fair distribution system. Consumers will be exposed to less expensive services while owning the entire profit they deserve.
Token Distribution
The authors of the project will use the tokens for particular needs for now. Of the tokens, 25% will be dedicated to marketing, project development and advertising. Software development will take a huge share of 40% because this part is of huge interest to investors. And 10% will take care of licensing fees and legal cost.
Also, the profits from the project will be distributed using tokens. Asides, tokens will help ensure the stable and smooth running of the Maestro platform. This will bring a good effect on the speed as well as quality of service offered. And with time, developers will keep working to improve the platform to suit prospective users.
Conclusion
For lovers of music all over the globe, the Maestro music platform will be of great interest. Asides, the platform offers lots of incentives as well as opportunities for investors who would love to invest in a project that offers great prospect in the music industry.
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Author - Coltpython
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