How Blockchain is Revolutionizing the Music Industry: World Music Day Special
From empowering artists to revolutionizing the way we experience and appreciate music, blockchain's influence is spreading far and wide.
Hey music lovers! As we come together to celebrate World Music Day, let's embark on an exciting journey to discover how blockchain technology is transforming the music industry.
Today, we're shining a spotlight on groundbreaking projects like Loozr, Decibling, and Bitsong, which leverage the power of Zealy to build their vibrant communities on the Web3 ecosystem. Through decentralized networks, transparent transactions, and direct artist-fan interactions, these projects are reshaping the landscape of music distribution, ownership, and monetization.
So, let’s get started!
Loozr
Loozr is a new type of music streaming platform that integrates speculation, decentralized finance (DeFi), immersive experiences, and social media while being developed on the blockchain. It empowers everyone to #Listen2Earn from music every second, trade and launch music tokens, and share streaming revenue with creators and fans.
It introduces DeFi & trading with the intent of addressing some of the core issues facing the music industry, such as;
- Increasing artist payouts,
- Faster payouts,
- Establishing a completely open royalty and streaming accounting system.
Decibling
Decibling is the playground where Artists, Fans and Collectors can exchange values directly with each other without a subscription.
Decibling’s music player platform allows listeners to stake their tokens into music pools using Proof of Stake (POS) mechanism. This staking mechanism helps create a sustainable ecosystem that rewards both the listeners and the pool owners. Listeners can earn a return on their tokens while enjoying music, and pool owners can benefit from the staking fees generated by the listeners.
BitSong
BitSong is a multifunctional blockchain-based ecosystem built to empower the music industry. It unites artists, fans, and distributors in an environment where music, merchandise, and fan loyalty are assets of value. BitSong’s decentralized ecosystem of services provides the global music community with a trustless marketplace for music streaming, Fan Tokens, and NFTs, powered by the BTSG token.
MeMusic
MeMusic reinvents the streaming experience for both artists and users, offering a unique platform where rewards can be earned through listening and creating music. As the world's first streaming app to reward listeners, MeMusic introduces a fresh approach to the traditional streaming model. By providing a novel experience that incentivizes engagement, MeMusic aims to foster a mutually beneficial relationship between artists and their audience.
If you've ever dreamed of starting your own music venture, now is the perfect moment to take that first step and make a difference! Zealy is here to help you discover the power of community, music and blockchain.
To try Zealy for your project, get started by clicking here
