The recent trend in technology has transcended man from the epidemic medieval era to an era where technology is the order of the day. Technology has made easy for mankind to access the information and this has brought about certain evolution and changes in the path of man. A major innovative step in the advent of technology today is the blockchain technology and it has long been in existence for over a decade. Blockchain technology has made the world realise the potentials in peer to peer transaction which is not only faster but decentralized thus making all transactions transparent.
The advent of blockchain technology started out as a peer to peer transaction on a series of nodes and as time progressed a number of developers began to see the need to integrate this technology into daily schedules and activities such as banking, gaming, media, data storage and processing, to mention but few. With these development introduced on the blockchain platform a number of challenges ranging from security, interoperability, scalability, transparency etc were solved and this has given blockchain a distinct name in the sand of time. However, the entertainment industry is yet to have the blockchain impact that will solve the bottleneck of royalty payment in order to secure the rights of entertainers. It is on this premise that Mainstream for the underground (MFTU) is introduced.
THE CHALLENGE
Recently, it is of known fact that a huge percentage of copyright and royalty accounting challenge is centreed on the entertainment industry which Music is one of it. Recent research shows that about 20 - 50% of the royalties owed by digital music services are currently either unpaid or not correctly paid out. This challenge has continually put musicians at a lose as they can't effortlessly get good value for their content.
Due to certain restrictions some countries placed on streaming making it almost difficult to access musical content, this has posed a certain challenge dwindling the ability for users to effortlessly access music on platforms.
THE SOLUTION: MainStream For The Underground (MFTU)
MTFU is a decentralized blockchain platform built with the sole purpose of improving the entertainment industry, basically the music industry through the elimination of barriers that restricts artists from showcasing their talents and getting monetary value for their content. This seem to be a bit cumbersome as people will constantly wonder how it can be made possible with the recent government restrictions.
HOW IT WORKS
This is made possible by the merger formed between cyber-FM online radio which has long been in existence and Mainstream for the underground which is a blockchain project built on a decentralised platform. This integration
gives musicians and artists the ability to receive royalty fees without the involvement of a third party and high level of transparency. The use of the decentralised platform (MFTU) guarantees the security, transparency and privacy of every transaction at any point in time and in any part of the world.
MILESTONE
For the past decade, Cyber-FM has been in existence and it has recorded a large number of artists in which the platform has promoted as most songs are aired over the internet and devices to thousands of people all over the world. This gives it a salient landmark in the cryptospace as it utilizing and revolutionalizing an already existent protocol. With Cyber-FM. Cyber-FM and MFTU are currently traded on 11 exchanges and can be obtained from any namely; extoke, ecex, idex, mercatox, fatbtc, latoken, ethen, tokenjar etc.
CONCLUSION
It is an interesting fact to note that this platform is a thriving one set to bring in sanity into the entertainment industry. This is essentially a major part that can secure a future for artist and users of the platform. This is a worthy investment as they have followed through on a number of plans and progress from the inception till date.
THE TOKENS
CYFM Token
This token is one used for regulatory compliant for artist registered with local representation.
MFTU Token
This helps to protect the rights and payments of royalties of artist across the globe. This is usually for independent artist and it is a digital asset.
#indie #indieartist #indiemusic #MFTU #undergroundartist #DoYouMFTU
For more information on Mainstream for U
WEBSITE https://www.cyber-fm.com
WHITEPAPPER https://mftu.net/site/whitepaper/
TELEGRAM https://t.me/mftudotnet
TWITTER https://twitter.com/cyber_fm
FACEBOOK https://www.facebook.com/cyberfm
LINKEDIN https://www.linkedin.com/company/cyber-fm