The gradual transition to digital media has shown that many content creators earn very little from their work. At present, content creators are exploited by intermediaries because of the current inefficiencies in today's centralized music system, and they have to work with companies that have received huge profits from the sale of their creative results. In addition, the industry lacks transparency, which in turn leads to reduced revenue, inefficient licensing processes, and inaccurate copyright concepts. Artists are struggling to get a fair and stable income, but they are difficult to do this, with large numbers of global intermediaries.
The music industry is also facing another problem, which is the problem of communication between buyers and artists. Global companies offer their services, thereby reducing the value of ideas of various authors. Lots of quality content is lost on the Internet. More consideration should be given to existing problems in order to understand the need for such an innovative platform.
With distributed diary technology, the role of intermediaries will be eliminated. Imustify is created as a completely hierarchical music platform that generates revenue for artists and facilitates the connection between content creators and consumers. Blockchain technology allows artists and creators to maintain direct control of their work throughout the distribution process and to facilitate peer exchange between creators, consumers, and people. Other contributions in the industry.
The way we listen to music is changing rapidly, and the music business is struggling to keep up. Transformational business models constantly affect performers and musicians, producers and publishers, promoters and music venues. The music industry has led the digital transition in the major communications industry, offering great opportunities to consume music, but also raised issues for content creation groups. music.
1. Inefficiency of concentration
The rapid transition to digital media has led to a drop in profits for artists, albeit with a sharp rise in revenue. Nowadays, content creators want to make money using the services of intermediaries such as Youtube or Google, a seemingly ineffective way to make money from their creativity. The lack of transparency in the system has resulted in loss of revenue, transfer of ownership, and inefficient licensing procedures. Artists are struggling to get a fair and stable income, but large organizations continue to grow and will receive unequal income earnings through the use of content created by the No artist / little names.
2. Problem of value gap
Music is now more accessible to global users than ever, but the gap between music creators, co-writers and shareholders is on the rise, so it's hard to exchange ideas and resource honestly, need to reform this segment.
This is a big problem in the music scene today. Although sales of digital music are now at record levels, with annual sales increasing by more than 60% (2016 figures), the artist receives only a handful of them. According to a MiDIA analysis, it took 58 hours to stream a new artist to a dollar. With a production cost of $ 10,000 to $ 50,000 for a music product, the video needs to reach millions in order to make a profit.
Imusify uses a combination of innovative protocols and frameworks to simplify direct connections between artists, fans, and other interested parties. This platform combines the best practices of community fundraising, transparent payment systems, award systems, decentralized exchange and copyright management. So Imusify eliminates the need for existing intermediaries, eliminating inefficiencies, ensuring transparency and ensuring that everyone receives rewards for their contributions. Real examples include graphical representations, royalty payments from authors, stimulus content, open source development, and networking.
This platform has an easy-to-use interface. It will also use neo-python as a middleware to communicate between the user interface and the intellectual contract. Imusify is set to revolutionize the global music industry, and it will free music fans, musicians who have problems with intermediaries and lose significant revenue.
Imusify uses the NEO platform to put itself in the context of a smart music economy. Users with digital music-related identities can release content, experiences, and digital asset projects to protect their creative work. Intelligent contracts allow digital transactional identification and transaction processing in a reliable way.
Imusify focuses on building a platform to serve the immediate needs of today's music industry participants, while providing an innovative space for developing interactive and exchangeable media. New values to serve the music economy in the near and distant future.
Imusify's mission is to provide an open source space for the development of new distribution, consumption, and music interaction.
Imusify is building a smart music economy that allows for direct exchange of value between artists, fans and other stakeholders, giving our community the power to control the future. of the music industry. The real example is that DJs / Producers, emerging rappers, normal filmmakers ... can use Imusify's platform. All of the work in the past can now be done on a single platform
Player
Users can download songs, pod-cast and talk books among content that can be distributed on the platform or from the outside.
Curate
Users can vote for content that will ensure good preservation and removal of bad content. The user receives the IMU token as they join, ensuring that the content provided by Imusify is of a high quality.
Create a channel
Users can create their own channel with playlists based on different themes and tags. Users can also invite others, both from the platform and from outside, to use e-mail so that only invited participants will have access to the channel.
IMU will be used as a support mechanism for the Imusify hierarchical music economy. This will increase the need for the token, as the token will have many uses during Imusify's intrusion in the industry.
This platform has an intelligent compensation system in which users are rewarded for contributing to the system. The token will also be used as a currency to exchange services and digital assets. Tokens will be used to establish credibility and transparency between fans, authors, service providers, and supporters. This will create a bright ecosystem.
Distribute the IMU token
Plan to use the fund
One more project contributes to NEO's ecosystem of the Marketplace, helping to further develop this promising ecosystem. The project was carefully prepared by the members of the group, products, partners, marketing, ... The project is aimed at the digital music industry is extremely potential. The activities of intermediaries in the music field gradually become useless, and the work of the authors will be paid fairly.
This promises to be one of the ICO projects worth paying attention in the fourth quarter of 2018. You have to give your own judgment and investment in a smart way.
Refer to the detailed information
Web site: https://imusify.com
White paper: https://imusify.com/whitepaper.pdf
Telegram: https://t.me/imusifycommunity
Twitter: https://twitter.com/imusify
Facebook: https://www.facebook.com/imusify/
ANN: https://bitcointalk.org/index.php?topic=4327428.0
AUTHORS ARTICLES
BITCOINTALK URL: https://bitcointalk.org/index.php?action=profile;u=2247112
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