Music to Muzika

Music to Muzika | Ecency

Overview of the Muzika Ecosystem: Issues and Solutions

• More money inflows into music while less money is outflowing to artists: More people are paying for music, and the music industry is seeing more cashflow, but a lower percentage is going to musicians as many realize only 10~20% of the sales of their music.

• A minority of players are taking a majority of the returns: Distributors and publishers are enjoying excessive and long-lasting returns for carrying out what is in many cases a one-time, unsophisticated task; they almost always realize more profit than musicians themselves.

• Outstanding issues of piracy: Rampant copyright issues remain unresolved. Digital piracy is a chronic issue in the music industry. their conscience may not be at stake, but musicians are financially harmed as their miniscule returns from their creations shrink even further as a result of piracy.

• Listeners’ very limited roles: The majority of fans and listeners are pigeonholed as ‘consumers’ as they do not and cannot take any steps forward to get involved in the creative process of a musical product. This is another reason why labels, distributors, and platforms have been able to continue to exploit excessive returns.
Solutions

They firmly believe that the solution lies in the establishment of a self-sustaining, symbiotic music community in order to move the current power structure towards decentralization. They will create a new digital music ecosystem that can autonomously achieve repeated cycles of production and distribution, and allow for the consumption of musical creations, as well as reform the digital music industry’s income distribution hierarchy. Fortunately, Muzika is not starting from scratch. This ecosystem is built on the backs of their existing two million active users across 150 nations, who passionately exchange their own musical ideas, share performances, compose beautiful original pieces, compete in good faith, and trade various digital forms of music. Through years of experience, They have learned the precise way in which to build a community run by loyal and incentivized individuals.

What is the Muzika coin?

The Muzika coin (“MZK”) was deliberately designed to help in the achievement of their mission to create a new, sustainable ecosystem in a multitude of ways. their team drew inspiration from the Steemit
community, which has been able to successfully substantialize the mission outlined in their whitepaper.
Steemit’s community building model, along with their own proven model of building a vibrant music

4 major functions of MZK

Community building

Means of transaction for commercial items and services

Sponsorships opportunities

Community programs

The Team Behind Muzika: MAPIACOMPANY
Founders of MAPIACOMPANY are some of the youngest founders in Korean startup history to attract sizable funding from venture capital with the CEO being 20 and founders’ average age 22.3, especially in affiliation with the two tech giants in Korea, Naver and Kakao. After receiving angel funding from Michael Cho, an outside board director of Kakao Corporation in 2016, Mapiacompany has raised seed funding from Naveraffiliated venture capital Springcamp in 2017. Mapiacompany is also the recipient of the TIPS Program (Tech Incubator Program for Startup), a Korean Government Fund supporting startups with technological superiority and specialty. October 2015 Founded by Inseo Chung, Sangmin Heo, Jangwon Lee May 2016 Angel investment by Michael Cho, an outside board director of Kakao May 2017 Seed funding from Spring camp, Affiliates of Naver December 2017 MAPIACOMPANY’s music platforms reach 2 million users across 150 nations Brief history of MAPIACOMPANY The founders are CEO Chung, a former pianist and high school dropout who founded his own company, CTO Heo, a prodigy developer, deep-learning expert, and leader of a top-notch tech team, and COO Lee, a professional pianist and business administration major who was the top graduate of both the most prestigious high school and the top-ranked university in the nation and has founded multiple organizations and startups. They are among the youngest in the blockchain industry nationally and internationally with an average age in line with that of Vitalik Buterin, now 24, when he founded Ethereum at the age of 21.

Token Details: