Introducing Vezt!
Invezt in your playlist!™
Vezt lets artists choose percentages of the rights to their songs to offer for sale to fans, friends, rights-buyers and brands. Royalty income is tracked, collected, and paid via its blockchain-secured, app-based platform.
Introducing VZT, the token that will power the platform!
VZT will be available for purchase beginning with a Token Generating Event (TGE) open to non-US purchasers only. Please note that VZT are utility tokens for use on the Vezt platform and are not securities.
Join Our Mission to Transform the Music Industry!
"We believe that music is one of the few mediums that can literally transform life. It can provide solace and comfort to those hurting or in need, joy and excitement to an experience or event, and even has the ability to transcend time and space with the emotional nostalgia that hearing a favorite song can trigger in one’s mind. It’s powerful and magic and we think it’s worthy of our efforts to provide its creators with the ability to be fairly and transparently compensated for their work and talent." - Co-founders Steve Stewart and Robert Menendez
Want to Get Involved?
- Subscribe to our email newsletter to get the latest news and updates
- Request our white paper
- Take a sneak peek at the Vezt app in our explainer video
- Join the community on Telegram
- Follow us on Twitter, Facebook, or LinkedIn
- Please visit our website at https://www.vezt.co
How Vezt Works
Watch our explainer video and see Vezt in action!
- Fractional song monetization for artists through Initial Song Offerings (ISO™)
- Social media sharing of both artist and rights-buyers activity and playlists
- Royalty tracking and collection in 137 countries around the world
- Allows fans, rights-buyers and brands to buy rights across a wide variety of songs and playlists
Vezt lets artists choose which portions of their songs to offer for sale to fans, friends, rights-buyers and brands in a monetization process called an Initial Song Offering™ (ISO). On the back-end, Vezt provides tracking and royalty collection on all ownership interests through its blockchain-based smart contract technology. Earnings are received quickly and transparently.
Here’s how an ISO works:
Please see this blog post for details and infographic
- Artists select a song and choose the ISO date, how much of their rights to raise (ex. $10,000 for 10% of their songwriter rights), and the reversion term (3 years, 5 years, 10 year, or in perpetuity).
- Rights-buyers on the Vezt platform (including fans, music professionals and brands), buy the rights during the ISO. The artist receives the funds immediately.
- The song rights information is encoded on the Vezt blockchain and royalties are collected from both Performing Rights Organizations (“PROs”) in 137 countries around the world and STEM.is, a service which aggregates digital performance royalties from streaming services such as Spotify, iTunes, YouTube, Pandora, etc. Vezt registers the rights with PROs and digital platforms, and pays them through to artists and rights-buyers.
- Please see this blog post for details and infographic.
About Vezt and the Team
Vezt Inc. is a Delaware state domiciled C corporation, headquartered in Los Angeles, CA. We incorporated in early 2017, and have received pre-seed funding from venture capital firms and individual rights-buyers, including Binary Capital and Global Trust Group. We have opened offices in Los Angeles, CA and Atlanta, GA.
Vezt was cofounded by Steve Stewart and Robert Menendez (see their bios under “About Us”). We have assembled a talented team of engineering and design teams with deep backgrounds in blockchain, UX/UI, and design. In addition, we have tapped a number of successful and highly experienced advisors for their expertise and input. All are working in concert to build the most robust and successful platform possible.
Technical Details for Token Generating Event
Important Note from Vezt About the TGEPlease see this post for an important update about the TGE. Thank you.
- Price of VZT
- ERC20 Token (Ethereum-based)
- Maximum hard cap of $15MM USD
- Tokens are issued and transferable by buyers, after completion of the TGE and token audit
- Escrow in an Ethereum multisig 3/4 wallet
- Token name: Vezt
- Token symbol: VZT
- 100% of each TGE purchaser’s VZT tokens can used on the platform to purchase song IP, after the launch of the platform
Funds will be used to further software development (including back-end API and blockchain development and integration, node development and integration), international expansion, marketing/business development, legal /accounting, operational expenses and customer service costs - Token allocation (estimated): 50% sold in Private & Public Token Generating Event, 35% held by Vezt Inc. for platform development, 10% reserved for partnerships, marketing & PR, etc., 5% for Advisors & Consultants
Bounty Opportunities!
- 2,000,000 VZT tokens have been set aside for bounties!
- Full details can be found here.
- A public spredasheet is now available to track participants and the bounties.
- Note: bounties will be paid on token issue date and will be treated as compensation.
Frequently Asked Questions
Please see our full FAQ at https://www.vezt.co/faq/.
What is Vezt?
Vezt is a company building an app-based platform that lets artists offer percentages to the rights of their songs for sale to fans, friends, rights-buyers and brands. Vezt plans to track and collect royalty income via its blockchain-secured, app-based platform starting in Q1 2018.
What is Vezt's mission?
We believe that music is one of the few mediums that can literally transform life. It can provide solace and comfort to those hurting or in need, joy and excitement to an experience or event, and even has the ability to transcend time and space with the emotional nostalgia that hearing a favorite song can trigger in one’s mind. It’s powerful and magic and we think it’s worthy of our efforts to provide its creators with the ability to be fairly and transparently compensated for their work and talent.
Our mission is:
- To provide artists with an equitable and transparent platform to easily and quickly monetize new or existing songs
- To allow fans, friends, rights-buyers and brands to partner with artists on a song-by-song basis, sharing directly in whole or fractional IP ownership
- To create a true marketplace for songs, where tracking and collection of royalties and licensing income is transparent and in real time
- To deliver to artists the opportunity to make a living from the fruits of their work, without unnecessary impediments that keep them from focusing on what truly matters - their music
- To strengthen the relationship between artists and those that appreciate their music, in a meaningful way, where a true partnership can be formed and mutual benefits derived
What are the problems Vezt aims to solve?
Today’s music industry is fragmented, leaving most artists with few options to generate real income growth.
- Record labels and music publishers are only focused on a few blockbuster releases.
- Both developing artists and successful, established artists alike are constrained to heavily unbalanced deals that rely on antiquated protocols which lack transparency.
- Individual songwriters often have copyrights in numerous compositions, but have no way to directly monetize their rights, or to develop new income streams outside the traditional publishing model.
Vezt aims to provide a solution for all of this.
How does Vezt help solve these problems?
Vezt lets artists choose which portions of their songs to offer for sale to fans, friends, rights-buyers and brands in a monetization process called an Initial Song Offering™ (ISO). On the back-end, Vezt provides tracking and royalty collection on ownership interests through its blockchain-based smart contract technology. Earnings can be received quickly and transparently.
Who does Vezt primarily benefit?
Vezt primarily benefits three groups:
- ARTISTS: Any artist can benefit from Vezt. With the ability to finance music creation and collect royalties without unnecessary intermediaries, music creation can become a profitable business again for the artists.
- RIGHTS-BUYERS: Savvy music professionals (producers, A&R, promoters, managers, etc.), institutional rights-buyers (pension funds, mutual funds, etc.), and brands can benefit from a robust song marketplace, where tracking and collection of royalties and licensing income is transparent and in real time.
- MUSIC FANS: United in their love for music on a meaningful level, music fans now can translate their passion into true partnership with artists on a song-by-song basis.
What is the Vezt's development roadmap and timeline?
We expect to have a demonstrable prototype in September of 2017, and a fully-functional MVP by the end of Q4 2017.
- Q3 2017 - Complete back-end and blockchain development and integration
- Q4 2017 - Onboard and white-glove 3 artists through the platform, complete MVP
- Q1 2018 - Beta launch, add selected artists and rights-buyers, product testing and improvements
- Q2 2018 - Release platform to all artists and rights-buyers
Why is the Token Generating Event only open to non-US purchasers?
Even though we do not believe the VZT is a security, our legal team has recommended this TGE structure to as an abundance of caution to comply with US securities laws..
What will the funds raised during the Token Generating Event be used for?
Funds will be used to further software development (including back-end API and blockchain development and integration, node development and integration), international expansion, marketing and business development, legal and accounting, operational expenses and customer service costs
Please visit our website at vezt.co