The new blockchain platform, combining online services and digital payments, aims to pay musicians 80% of online revenue from their routes, such as subscription and revenue services. advertising - more is said to be standard practice.
The music industry has recently been scrutinized for how unfair artists are treated with big labels and online services like Spotify and Apple Music. Musicians have highlighted the high volume of revenue allocated to live streaming and record companies, instead of returning to the creators themselves. A notable example of this is the global best-selling artist Taylor Swift removing her music from Spotify for three years, as a demonstration against the shares of royalty artists received. from this platform.
Imusify a recent blockchain-based platform, describing itself as the "blockchain's music solution". In essence, every time a song is played, artists earn electronic money. This may, from there, remove another major problem that imusify has highlighted with conventional artist royalty systems: such as daily payments, there will be no waiting time for artists to see a financial return.
The rapid transition to digital media has led to a declining profit rate for artists. Exploiting artists are currently experiencing as a result of extreme inefficiencies located in today's concentrated music industry. Lack of transparency in the system has led to loss of revenue, ownership allocation and inefficient licensing process. Not only are artists struggling to earn a fair and sustainable income, but big organizations continue to develop and retain unfair share through the exploitation of artists and bright content create them.
By creating a fully decentralized music market, imusify uses a combination of innovative protocols and frameworks to facilitate direct peer-to-peer connectivity between artists, fans and stakeholders. other. The platform integrates best practices on traditional community fundraising, online streaming, media sharing, social and economic networking. In this way, eliminating the need for existing intermediaries, addressing inefficiencies, providing transparency and ensuring that everyone is rewarded for their contribution. Use cases include artist community fundraising, transparent artist royalties, encouraged content curators, open source development and network collaboration.
To promote the success of the project, imusify has released their own token, the IMU token used as a tool to support a multistage, decentralized music economy. This will create a great potential value for using token during the penetration process.
IMU is rewarded for contributing to the platform or used as currency to exchange digital assets and services. By establishing trust and transparency between artists, supporters, fans and industrial service providers; a vibrant ecosystem emerges.
The team behind Imusify has a number of experienced music industry characters from the Rockstar group. DAVID WALTERS CEO is part of the founding and experienced team as an artist and producer, topping the charts that has managed a portfolio for Generali and is currently implementing the dream. long ago to create a platform that allows artists to have multiple sources of income. Passionate about creating breakthrough ecosystems that make the world a better place. Imusify Advisory Board is also proud to have JEREMY KHOO as one of the Top 10 ICO Ranking Advisors.
Imusify is a music and ecosystem platform designed to provide an open source innovation space to develop new means of distribution, consumption and music participation. imusify's self-publishing platform creates an effective system for artists and content creators to connect and collaborate, while maintaining direct ownership of their work. IMU token will be used as a tool to support the proprietary music economy, creating great potential value for using token as a means to increase value among artists and people. fans and other participants. If you are a music lover, study this project and become an active member to help build the project successfully. Visit the links below to find out details about the project:
Website : https://www.imusify.com/
Whitepaper : https://imusify.com/whitepaper.pdf
Facebook : https://www.facebook.com/imusify/
Twitter : https://twitter.com/imusify
Telegram : https://t.me/imusifycommunity
Reddit : https://www.reddit.com/r/imusify
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