Blockchain technology is beyond a shadow of doubt changing the aspect of the digital music industry. Although, existing blockchain music services focus exclusively around enhancing streaming and distribution structures, and fail to address basic issues of the present business. Future music products created with blockchain, dissimilar to their predecessors, must use the technology to give innovative function that reform the music business at its core.
Maestro began with such a need, to solve an issue that persecute the music industry today: namely, the unjust structure of the business itself. Outsiders, for example, labels and agencies, right now reap in more than 80% of produced profits, leaving artists with scarcely any help and battling with financial burdens. Music player organizations just worsen this imbalance through wasteful bureaucracy. Team Maestro think that for both music and its industry to flourish, they should give a situation concentrated first on advancing the innovative endeavors of artists and ensuring their reasonable remuneration. In this manner, they propose a blockchain-based music platform that goes about as an innovative ecosystem built up on virtuous cycles of common participation between creators and customers.
• Implement blockchain technology for an efficient, future-oriented music service
platform.
• Provide a conducive environment for creating music.
• Create an environment in which small to medium-scale production companies and
emerging artists can reduce their financial burden and retain their rights over their
work.
• Help produce high-quality music by implementing the Lean Process.
• Allow consumers freedom of choice and create new investment opportunities.
• Provide opportunities for consumers to actively cooperate with artists in promoting
projects and to participate in the creative process.
• Provide decentralized, secure services for all customers.
Maestro distributes all profits produced from the platform among token holders. Maestro is an virtuous-cycle platform where all profits made from music are returned to the artists and investors. The objective for Maestro's blockchain is to gradually grow its capacity to eventually decentralize the system and limit the elements dealt with by the organization. Maestro limits the service distributor's profits through decentralization of the services. The decentralized service will limit the roles of the service distributor and operator, reducing unwanted allotment and serving to set up a legitimate music ecosystem.
Maestro expand the options for investment that were beforehand open to just few investors. Artists share their rights with investors, who can acquire profits based on their investment share. Maestro settle the disparity caused by absence of funding and data, making another marketplace that permits SOM investments and SOM sales and trades.
The profit model primarily contains fees from the streaming services and crowdfunding. Completely 100% of profits are returned to the token holders. All profits are justly returned to the token holders according to the proportion of tokens held. The Maestro System does not acquire any profit.
• Construction of a production cost funding environment for artists
• Expands investment opportunities for regular consumers
• Win-win solution for artists and investors
• Decentralized streaming service with no middlemen
• Fair payment structure based on actual usage
• Lower costs compared to other streaming services
From K-Pop to the World
• MOU in progress with major production companies and artists
• K-Pop-focused strategy to obtain a geographical advantage
• Intend to expand to other regions after dominating the Asian market
• Introduction of K-Pop Curation service
• Soft cap for ICO: None
• Hard cap for ICO: 62,000 ETH
Total usage of tokens can be divided into five components: 40% on engineering and software development; 25% on marketing and business development; 15% on operational expenses; and10% each for license fees and legal expenses.
Maestro will turn into the new paradigm for the music industry. The team of Maestro will give a environment that permits to unencumbered creation and additionally as an ecosystem that fairly partitions rights of songs amongst artists and investors, and profits among all token holders. Maestro desires to transform the bureaucratic media industry and to collaborate with existing parties to ultimately aid and sustain a more magnificent variety of artists.
The Maestro team will change the music industry into a structure where many new artists can be born, and wipe out outsiders, for example, labels and distributors to allot profits to those that are deserving of them: namely artists and fans. Maestro dreams for a music industry where artists are effectively funded for their projects, rights and profits of forming are fairly assigned, and listeners and investors develop with the ecosystem through funding. Maestro is advancing effectively toward this future.
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Author: Ahtsham
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Ether Address: 0x66EF10B68C2e765E9CbF5994D2d8CAd7F9b0E748
