MUZIKA - Utilizing Blockchain Technology to Advance The World of Music

cryptoindonesia (43)in #music • 6 years ago

Music is one of the major entertainment for many people. That is why it's among the most significant entertainment industry. Most often than not music artists aren't getting because they deserve, based on some studies only between ten to twelve percent are getting paid into the audio artist, the majority of the payment will go to the price of platforms, manufacturers and distributors of a record or a song. With today's technology, we can hear the new tune via streaming, yet music artist from nineties are becoming more earnings compare now. Artist is getting paid more before when we're buying compact disc drive than streaming it online. We'd more suitable buying tunes today than before but as an outcome music artist will get fewer earnings than before. Perhaps the most important reason for declining sales is piracy, and we could download and copy tunes easier now compare than previously. Overall music industry earnings for the year 2017 were just 68.4percent of the market's peak in the year 1999. Global music market had endured 15 years of substantial earnings decrease, and record companies are working hard to fuel new life in the music business and attempting to exploit new technology | digital invention to improve lovers experience. To foster sustainable growth in audio markets, we will need to make an engaging way for fans to get music on multiple providers /platforms and resolve copyright infringement issue, with flow ripping emerging as the newest issue facing the music community.

Musicians and fans are the actual value creators in the current music business, but they aren't adequately rewarded for their value creation. Everyone listens to music, more people pay for music, but artists are still not earning money. Fans (that's us) are still pigeonholed as customers, though we're people who make super-stars! We devote our time and effort to vote, make cover songs, go viral, and also write fictions for our favorite artists, but nobody rewards our commitment and effort. Intermediaries (platforms and suppliers ) are making the excessive profit for a single time and simple tasks of'moving' the readymade values. Muzika will bring innovation to the value chain in the digital music industry. Muzika will reevaluate how value is created and recorded by several players within the industry. Muzika will yield rewards to people who create the value, from those who only move the benefit, while regaining the share dropped from digital piracy via blockchain technology.

Muzika platform will revolutionize the creation, distribution, and consumption of digital audio. Muzika is a music blockchain endeavor, that has been built on existing business and worldwide music programs with millions of fans and users across hundreds of countries, plus music artists in the planet, Muzika aim at revolutionizing the digital audio industry with the introduction of a brand new digital music ecosystem. The token economy is going to be backed up by ever-growing people of community fans and users. With assistance from Ontology (among the well known and respected blockchain project in the crypto community). Muzika platform will also help defend artist creativity. Assessing all elements of an artist's creative work from being leaked on the internet in the run-up to its launch is an integral focus for listing companies. Criminal organizations trying to profit from illegally obtaining the record before it's fully prepared for launch jeopardizes the work of artists.

Unlike other ICOs, Muzika will have great usefulness and well-established ecosystem of 17,000 artists from 30+ countries to give content and 2,000,000 users from 150+ countries to consume content and encourage artists in community activities. The group behind Muzika have excellent startup history and decent entrepreneur abilities who were awarded Forbes 30 Under 30 Asia in 2018. The project had financial support from several venture capitals such as NEO global capital and partnered with blockchain project like Ontology. Blockchain technology has swept the world and application of tokenization version has helped revolutionize many industries. It is time for the music industry to evolve. IPod's arrival a decade ago established a heritage that can not be ignored, but there are still challenges for musicians | artists like not earning enough money and losing fan base because of no incentive mechanism to reward fans dedication and support.

Muzika platform will revolutionize the creation, distribution, and consumption of digital audio. Muzika is a music blockchain endeavor, that has been built on existing business and worldwide music programs with millions of fans and users across hundreds of countries, plus music artists in the planet, Muzika aim at revolutionizing the digital audio industry with the introduction of a brand new digital music ecosystem. The token economy is going to be backed up by ever-growing people of community fans and users. With assistance from Ontology (among the well known and respected blockchain jobs in the crypto community). Muzika platform will also help defend artist creativity. Assessing all elements of an artist's creative work from being leaked on the internet in the run-up to its launch is an integral focus for listing companies. Criminal organizations trying to profit from illegally obtaining the record before it's fully prepared for launch jeopardizes the work of artists.

Unlike other ICOs, Muzika will have great usefulness and well-established ecosystem of 17,000 artists from 30+ countries to give content and 2,000,000 users from 150+ countries to consume content and encourage artists in community activities. The group behind Muzika have excellent startup history and decent entrepreneur abilities who were awarded Forbes 30 Under 30 Asia in 2018. The project had financial support from several venture capitals such as NEO global capital and partnered with blockchain jobs like Ontology. Blockchain technology has swept the world and application of tokenization version has helped revolutionize many industries. It is time for the music industry to evolve. IPod's arrival a decade ago established a heritage that can not be ignored, but there are still challenges for musicians | artists like not earning enough money and losing fan base because of no incentive mechanism to reward fans dedication and support.