When you hear what MeMusic has in store for your favorite artists and you, it’d be music to your ears!
Source: MeMusic website
We’ve all heard of play-to-earn, how about listen-to-earn? MeMusic is hoping to make that a reality by reshaping the entire music ecosystem, where the power is shifted from large corporations back to who it really matters — the artists and their fans.
Think of it as Spotify on the blockchain, and then leveraging other innovative technologies such as NFTs and Artificial Intelligence to recreate the most personal, curated, and interactive experience with music in an inclusive ecosystem of different contributors, such as the artists themselves, record labels, listeners, investors, distributors, and more.
This is why we are proud to announce our strategic partnership with MeMusic. Having conducted extensive research for over a year on the user experience and user interface of mainstream streaming services, they have identified the recurring problems that are existent amongst the major platforms. The team then focused on designing a platform that fully covers needs such as interaction with the community, tracking concerts, donations to artists and podcasters, and online broadcasting of concerts and performances.
Artists can also tokenize their album, concert tickets, related rights, merchandise, and more. The MeMusic team is expanding the potential of NFTs by empowering artists to digitize any asset, not limited to just music. By implementing royalty distributions on the blockchain, revenue records are transparent and easily verifiable. Based on the team’s calculations, artists can earn at least approximately 30% more due to their pro-artist revenue approach.
There is a stellar team behind MeMusic, with the CEO Kyongsok Chong at the helm. Chong is highly experienced in the music industry, given his years of experience as a practicing entertainment lawyer. He is also the representative of multiple K-POP labels, celebrities and companies. Woosung Kim, one of Billboard’s “New K-POP Artist to Watch” is also on board, serving as the Chief Strategy Officer. Given their extensive ties to the K-POP industry, MeMusic will definitely be one to watch. The MeMusic token is expected to launch in Q4 2021, with the Alpha and Beta versions of the product expected to drop in Q1 and Q3 2022 respectively.
⚙️ Find out more about MeMusic:
Website | Twitter | Telegram Community | Medium