Manager: muzika17 – Copper Member,Newbie Website www.muzika.network Domain reg – exp 2018-03-10 – 2019-03-10 Registrar domain Gandi SAS Nameservers ns-1724.awsdns-23.co.ukns-947.awsdns-54.netns-367.awsdns-45.comns-1505.awsdns-60.org Hosting About www.muzika.network Musicians are starving. Everyone listens to music, more people pay for
Manager: muzika17 – Copper Member,Newbie
Domain reg – exp 2018-03-10 – 2019-03-10
Registrar domain Gandi SAS
Musicians are starving. Everyone listens to music, more people pay for music, but artists are still not making money.
Fans (that’s us) are still pigeonholed as consumers, though we are the ones who actually make super-stars! We devote our time and effort to vote, make cover songs, go viral, and even write fictions for our favorite artists, but no one rewards our effort and devotion.
Intermediaries (distributors and platforms) are making excessive profit for one time and unsophisticated tasks of ‘transferring’ the ready-made values.
We will reform how value is created and captured by various players within the industry. We will return rewards to those who create the value, from those who merely transfer the value, while recovering the share lost from digital piracy through blockchain technology.
Previous music blockchain projects have overlooked the importance of a large userbase to achieve widescale adoption. These projects have demonstrated that it is possible to give a higher commission rate to artists for their work using Smart Contract transactions. However, for artists, the low commission rate offered from traditional music streaming apps that had huge userbases were more attractive than blockchain apps using Smart Contract transactions. Case in point, a 10% commission of $1,000 from iTunes was preferable to 90% commission of $1 from a Smart Contract transaction.
Created by Neekel