Tune.FM Is A Tokenized Music Marketplace For Music NFTs
Streaming services are now commonplace. What happens to the musicians when they have access to millions of songs at their fingertips? Is there any money in it for them? Tune FM claims to be able to give back some control to artists through the use of their app and pay-as-you-play model. Whether or not this is a positive development in the music industry's evolution depends on whether or not the companies that offer these streaming services are able to still make money while shifting the burden onto a population that can't afford to pay for music. When we were curious about Tune FM, we decided to take a closer look at it.
Tune.FM pledged to be the first music ecosystem that could be sustained indefinitely. Blockchain technology is used to harness community power and provide artists with tools that are paid for directly from subscriptions.
With Hashgraph and JAM tokens, tuneFm's new streaming platform is an exciting new development in the music industry. Musicians, fans, and other parties can now be paid instantly whenever their music is streamed thanks to a new technology that combines blockchain and hashgraph.
A new method of exchanging monetary value is created by combining blockchain, a distributed ledger, with Hashgraph, a new consensus algorithm. As a result, musicians and fans will be able to transact freely and directly, cutting out all the middlemen in the process. Artists and consumers are able to expand their relationship and build a long-term mutually beneficial partnership as a result of this direct connection. With Forever Token, fans will be able to invest in the music they love while also helping artists get paid.
Tokenomics (JAM)
The Jam token, which serves as the ecosystem's governance or utility token, was created solely on the Tune.Fm platform in order to promote a safe and stress-free way of conducting business within the ecosystem.
The Tune.Fm ecosystem includes features such as Lightning Fast, Global micropayments, and a Music Discovery Platform, among others, and the Jam token will be traded on various exchange platforms to ensure a fair market value.
How The JAM Token Works
Streaming is paid for with Jam tokens, allowing artists to connect directly with their fans. New users who sign up with their email address receive 100 Jam tokens and can listen to music from tens of thousands of artists around the world. The artist's wallet is depleted every time a listener downloads or streams music. Artists can use Jam tokens to reward first-time listeners and build a library of promoted music that fans can access for a small fee using Jam.
There will be a wide range of products and services referred to as "Jam" on Tune.fm's music marketplace in the near future. Merchandise, product reviews, and VIP experiences will all be given the jam treatment. Tune.fm, which has created a global crypto jukebox, is creating an international music ecosystem. Music streaming service Tune.fm is "reshaping the music industry" by empowering artists to control their own rights and allowing them to make money on the fly.
For More Information Please Visit Links:
Website : https://tune.fm/
Twitter : https://twitter.com/tunefmofficial
Telegram : https://t.me/tunefm
Medium : https://medium.com/hearo-fm
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