Music is something that cannot be separated from society. Because music is embedded in the body and the spirit to move strong emotions in people. Music triggers emotions either by extreme desire or longing for loved ones. When you hear a beautiful musical melody, because it puts you in a dream away from the clouds and beyond the world of wide imagination where the soul is confused and calm. Reduce life fatigue and anxiety.
The digital transformation of the music industry over the past twenty years has been enormously innovative yet challenging. Today, as fans have easier access to more music than ever before, the overwhelming quantity of available options makes streaming services even more beneficial. It seems logical to assume that musicians themselves would have more fruitful returns as the digital market continues to expand at a rapid rate, and capital continues to flow into the digital music industry.
With the advent of globalization, we now live in a world where we are all neighbors, thanks to social networks and web content development. The new generation then has a new way to communicate, forcing companies, traders, investors and public relations professionals to sell their products and ideas in new and different ways to consumers and consumers. Their potential.
TANTANGAN
Musicians and fans are the real value creators in today’s music industry, but they are not properly rewarded for their value creation.
- Musicians are starving. Everyone listens to music, more people pay for music, but artists are still not making money.
- Fans (that’s us) are still pigeonholed as consumers, though we are the ones who actually make super-stars! We devote our time and effort to vote, make cover songs, go viral, and even write fictions for our favorite artists, but no one rewards our effort and devotion.
- Intermediaries (distributors and platforms) are making excessive profit for one time and unsophisticated tasks of 'transferring' the ready-made values.
Muzika mentioned in this article will change the digital industry around the world. In some ways, Muzika has revolutionized the tracking business by using the right and unusual digital music ecosystem. to overcome the challenges we have described above.
MZK will be the sole medium of exchange for all economic activity within the Muzika ecosystem, acting as the medium for community building, sponsorship, purchasing commercial items, and community programs aside from a few free services targeted at community novices.
Previous music blockchain projects have overlooked the importance of a large userbase to achieve widescale adoption. These projects have demonstrated that it is possible to give a higher commission rate to artists for their work using Smart Contract transactions. However, for artists, the low commission rate offered from traditional music streaming apps that had huge userbases were more attractive than blockchain apps using Smart Contract transactions. Case in point, a 10% commission of $1,000 from iTunes was preferable to 90% commission of $1 from a Smart Contract transaction
Muzika aims to provide musicians the best of both worlds: a higher commission rate for their creative content and a strong userbase. Muzika has developed a strong system for incentivizing fans to contribute to the Muzika ecosystem. These incentives will build the userbase necessary for Muzika to provide both higher commissions to artists along with the mass userbase of traditional music streaming sites. The network effect from a mass userbase will be the key to developing an autonomous, self-sustaining ecosystem. In other words, Muzika can provide musicians with 90% of
Muzika has already made significant achievements towards the development of sustainable solution to inefficiencies in the digital music industry. In 2015, co-founders of Muzika saw an opportunity in the online instrumental music industry and started online instrumental music platform Mapiacompany. In just over 3 years, Mapiacompany has become the #1 global instrumental music platform with over 2 million users. Muzika will build upon this existing userbase and community.
THE MUZIKA ECOSYSTEM
Muzika will create an autonomous, self-sustaining ecosystem driven by artists and their fans in tandem, where compensations and rewards will become proportional to the level of devotion put into musical creations and ecosystem behind them.
- Smart contract will allow digital musical products to be transferred directly from artists to fans, ensuring fairer and more transparent economic distribution.
- Fans will be rewarded with loyalty points for their various community activities, which will be regularly converted into MZK coins - the sole medium of exchange for all economic activities in the ecosystem.
- Fans will have opportunities to make direct sponsorship to their favorite artists, supporting them and receiving exclusive benefits in return.
The MZK Coin
Muzika coin(MZK) was deliberately designed as the backbone of this new ecosystem. The team has analyzed both successful and failed cryptocurrencies, past and present, and established a clear vision of what is necessary to make this project a success.
MZK will serve as the sole medium of exchange for all economic activity within the ecosystem including trades and sponsorship, all while assisting growth via a few free services targeted at community novices.
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AUTHOR : Letty sits
A great piece that sheds much needed light on some of the great theoretical/ideological debates in the contemporary crypto space. At CleanApp Foundation, we appreciate the emphasis on pragmatism, and emphasis on Blockchain/DTL/Crypto projects that offer real social utility. Looking forward to engaging more with your crew!
BalasHapus