Hello, Music is a glue that holds us together when we’re falling apart. The most important things don’t fits into words, that’s why there’s music. I find it really attractive when someone has a good task in music. Musicians and fans are the real value creators in today’s music industry, but they are not properly rewarded for their value creation.
Muzika will bring innovation to the value chain in the digital music industry. Muzika understand the importance of quality service. Music is first digitized in MP3 form, the audio file format is usually compressed to only 3 to 4 megabytes per song on average. This innovation was provided by all other previous media from music, such as CDs and cassettes, obsolete and changing industries through enabling digital distribution. This has positive and negative effects for musicians. On the one hand, they are now able to release and distribute new music around the world at will.
Muzika - in essence, this project is the solution to all problems. This platform has an important and main factor, it is the absence of commissions. And this means that any user or performer will be able to interact with the project and push their content to the general review. The project itself is free for all users, that is, come in, listen and enjoy. This is also one of the main factors of the project.
For Fans :
Fans will be rewarded for their various community activities (e.g. share, like) with loyalty points, which will be converted into MZK coins. Fans can use MZK coins to sponsor their favorite artists, supporting them and in return receive exclusive benefits like can enjoy exclusive & sponsor-only products, services, and opportunities to experience day-in-life-of their favorite artist and be involved in the creative process of a musical product.
For Artist :
Unlike social media platforms like facebook following, user base in Muzika will not only work in community activities (like comment or share) but will also have a chance to sponsor their favorite artist.
Muzika ecosystem will also include production support to create a music album making it possible to make music without having to sign with a record label. The large user base and integration with popular platforms like Mapia company will help the larger distribution, consumption of artist content and get rewarded highly for their creativity.
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.
Muzika has already made significant achievements towards the development of sustainable solution to inefficiencies in the digital music industry. In 2015, co-founders of Muzika saw an opportunity in the online instrumental music industry and started online instrumental music platform Mapiacompany. In just over 3 years, Mapiacompany has become the #1 global instrumental music platform with over 2 million users. Muzika will build upon this existing userbase and community.
THE MUZIKA ECOSYSTEM
Website : https://www.muzika.network/
Read white paper : https://www.muzika.network/assets/mzk-whitepaper-en.pdf
(Telegram) : https://t.me/muzika_english
Twitter: https://twitter.com/muzika_official/
Facebook: https://www.facebook.com/muzikanews/
Reddit : https://www.reddit.com/r/muzikaofficial/
Author:
Bitcointalk Username: luckybit1
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1189489
ETH: 0x57231B1a4298573390df996B1d13a2fdeE8Ba362