GENERAL OVERVIEW
Am here to introduce these new project called MFTU.Follow me as i unravel the goodies behind these platform.
This project aims to protect the development of music in the future, due to the rampant piracy and also various doubling of legality, making increasingly mirisnya the fate of the people who work in the field of music. This project provides a permanent resolution against cracks that threaten for the future before the music industry.
In recent times, music had gone north. Artists hardly make fortunes even after making dexterous inputs towards their trade. With the internet, there are several ways to distribute music.
Downloading songs in mp3 format seem to be the norm. However, the likes of YouTube and Spotify made tremendous input to the music world. Streaming is one out of many ways you can listen to your favorite music. With Spotify and YouTube, you can listen to audio and visual songs without necessarily downloading them.
Nonetheless, these mediums have recurring decimals. Artists hardly derive income from these platforms. Save for the fame and popularity of their songs, same boisterous measure does not reflect in their finance. In the light of this, there was need to find lasting solutions to these downsides.
Powered by CyberFM
With exponential rise in digital streaming, many multimedia platforms sought for online presence. CyberFM is one of such. Launched on the 11th day of October, 2007 the platform created easy medium where radio can be easily accessed.
Unlike conventional radio stations and streaming sites, CyberFM was dedicated towards releasing songs that are not popular. Thus, their programs are signing discordant tunes from mainstream media.
Necessary Merger
The success of every business depends on its ability to partner with others when need be. Similar to CyberFM, a unique project was brewing. Mainstream for the Underground is a project aimed at rewarding artists for their innumerable input to the music industry.
To salvage the global music industry from imminent collapse, CyberFM bought the idea presented by MFTU. Piracy is at the heart of online and offline affairs. The music industry is not far from this. By this merger, there will be incentives for artists when their songs are played over the air.
Tokenization
Already, CyberFM has its private token. The token named after the station (CYFM) will forge partnerships with the former’s token (MFTU). Most times, songs are played on radio stations and streaming sites without permission from the artist. As a result, artists seem to have lost control over their songs.
The two tokens will be used for payments on the project. However, there will be no ICO for this project. With strict restrictions on cryptographic currencies in the USA (where CyberFM), it will violation of rights and attraction of sanctions if crowd-sales are made.
However, the tokens are ERC-20 complaint and will be core incentives used as loyalty to artists. It is worthy of note that the tokens are by no means, source of income for the project. They are basically for loyalty.
Tokens can be earned or bought. To earn, a user can earn the token after completing tasks in a radio contest. Tokens can be used for free streaming and in-app purchases.
Technology
The project is heavily backed by the block chain. A decade after its launch, the technology had showed remarkable upsides. Haven been deployed to many scenarios, CyberFM thought it wise to bring the concept to radio streaming.
Backed by the distributed ledger technology and smart contracts, piracy will certainly be curtailed. On artists’ part, they can only get access to these loyalties after following stipulated guidelines.
Artists can sign up on the CyberFM site and upload their songs. The block chain is there to protect artists while the MFTU platform will fill existing loopholes that culminated in “Value Gap”.
Bottom Line
MFTU is one out of many block chain projects that is designed to unleash the technology in many scenarios. Aside rewarding artists for their pains, end-users also have access to classical music. At the end, it is a win-win situation for involved parties. Mobile applications are available on iOS and Android devices. You can download the Mobile App for Android HERE and the Apple App HERE.
#indie #indieartist #indiemusic #MFTU #undergroundartist #DoYouMFTU
To learn more about MFTU, kindly check out the links below:
Website: https://mftu.net
Whitepaper: https://mftu.net/site/whitepaper/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4511705.0
Blog: https://mftu.net/site/blog-2/
Discord: https://discord.gg/gXneMAr
Twitter: https://twitter.com/mftu_currency
Telegram: https://t.me/mftudotnet
Author's Details
Name: Dulo Wegner
Btt profile
https://bitcointalk.org/index.php?action=profile;u=1196236;sa=account