Hello music lovers! It's been a little while since we have have made any posts. We have spent some time streamlining things and making sure that the website is finished up, at least with the parts that we are focusing on going forward. Sometimes taking a step back helps you see the bigger picture.
In this post we will be discussing some developments that are in the works as well as some things we have had to change as far as token payout structure from the DAO.
First off, we have had to cut the DAO payout plans for a couple of reasons...
This leads to the scrapping of the issuance of the BTUNES token for releases and such. But that token is not scrapped... We have some ideas on how to use it, just trying to figure out how best to do that.
We will be adding in forms for artists to submit music for us to review on our blog as well as submit to be added to our playlists that we will be creating on various services like Audius and Spotify, as well as added to our Discord playlist! We will be promoting these playlists through our blog and other social media platforms.
We are finally trying to build a constant marketing plan that will just incorporate more social media presence across different mediums like Facebook, Instagram, and YouTube. This is in addition to beefing up our Hive and Twitter content. As reluctant as we are about using Web 2 platforms, they are the only funnels to help drive people our way.
Our plan is to be using the 
We announced this in our last post, but wanted to remind you all that MUSIC token staking rewards are now live though the Hive Engine smart contract system which is decentralized by the witness node structure. Our founder, 
Staking your MUSIC tokens will put you in the rewards pool lottery. The more tokens you have staked, the more 'lottery tickets' you have for a chance to earn part of the rewards pool for the day, similar to how miners work in a proof of work system. More hash rate they put out, the better chances at hitting a block.
The delegation payouts for those delegating Hive Power to 
Token update posts will start coming every friday from the
One of the developments we are looking into is launching our own decentralized video platform that connects with Hive using the Peerplays platform. This is all thanks to the 
If we can find room in the budget for additional server costs, this is something we are looking heavily into to allow BlockTunes musicians a way to stay in our ecosystem to post music videos! We love the guys at 3speak, sure, but hey, why not have more options out there! More on this to come.
We have been quiet, but far from gone. We are just looking at the crypto space on a bigger picture and trying to decide on how best to navigate not only the markets, but also regulations, etc.
On top of it, we are trying to figure out the best angles to attract new artists to the platform, and to Hive. Hopefully our new social media plans will help in that arena.
NFT MARKETPLACES | WEB 3 MUSIC SOCIAL MEDIA | WORLDWIDE MUSIC DISTRIBUTION
BUILT USING THE HIVE AND POLYGON BLOCKCHAINS
Follow our curation trail on Hive.vote and rack up some rewards when we vote on awesome music content on the Hive blockchain! If you have some $MUSIC tokens staked in your Hive Engine wallet, then you will participate in the distribution of our awesome community token and earn more that you can use to buy $MUSIC NFTs!
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