Background
As a work of art, music is essentially inseparable from human life. It is very wrong if the existence of music is to be separated from other areas of human life. In fact it is believed that music has the power that can affect the joints of human life. Similarly, music as part of the culture of its existence cannot be separated from the values that live in the community concerned. But in the music industry today, the challenges of ownership, monetization and content distribution make it difficult for artists to build absolute sustainable careers. To overcome this problem, Muzika developed a new independent digital music ecosystem on the blockchain, a system that connects content creators and fans directly with each other without people. middle class.
The existence of Muzika has revolutionized the music industry by building an independent and correct digital music ecosystem that will eliminate unnecessary intermediaries, empower musicians and consumers, decentralize the power of distribution, and restore the balance of economic distribution among market participants. Muzika holds the promise of a future where compensation for music creation is worth the effort and dedication that is put into the creative process.
Music was first digitized in MP3 format, audio file formats are usually compressed to only 3 to 4 megabytes per song on average. This innovation was provided by all previous media from music, such as CDs and tapes, obsolete industries and changed through digital distribution that made it possible. This has positive and negative effects for musicians. On the one hand, they can now release and distribute new music throughout the world at will. On the other hand, the proliferation of copyright piracy has resulted in a consequent decline in music sales, and exorbitant commission distributors, combined to reduce the personal gain of musicians.
What makes the Muzika project so different?
The previous music blockchain project has ignored the importance of a large user base to achieve wide-scale adoption. These projects have shown that it is possible to give artists higher commission rates for their work using Smart Contract transactions. However, for artists, the low commission rates offered from traditional music streaming applications that have a large user base are more interesting than blockchain applications using Smart Contract transactions. For example, a 10% commission of $ 1,000 from iTunes is preferred over a 90% commission of $ 1 from a Contract transaction.
How does it work?
Muzika's digital music ecosystem will serve as a channel for the distribution and publication of music content and fair compensation for artists. Fans will also be involved in all phases of the song's life cycle, from sponsors to production to consumption.
Overview of the Muzika ecosystem:
All transactions between sponsors, fans, and artists are recorded on the blockchain, which is a large book decentralized, safe, and irreversible. External drainage services can also be involved in ecosystems using the same shared chain accounting book, ensuring optimal transparency in the calculation of current flows and subsequent copyright payments. .
Interaction between artists and fans
The Muzika Ecosystem helps artists get their support very easily. First, artists share recordings of demos, video clips, or their new creative ideas with community members. Furthermore, they can start raising money for their music projects after posting they receive sufficient votes and go through several procedures for copyright verification. In the end, community members will become protectors of artists who like to sponsor their work with MZK cards. Smart agreement facilitates the transfer of money between the Muzika chain parts.
Benefits of Muzika
The Muzika ecosystem can exploit the current audience of two million active users in 150 countries. These users exchange their music ideas, share their performances, compile original works, and trade various kinds of digital music.
The founders have the talent and experience in the music industry through their previous adventures, the Mapia Company.
The company is supported by Naver, Cocoa and Samsung executives; Even the famous angel investor Michael Cho is their mentor
They have managed to collect private capital from well-known Asian venture capital companies, including Neo Global Capital, Everest Ventures Group and T3 Ventures (since 8 December)
ICO details
Muzika launched the reverse ICO, taking advantage of 2 million users from their existing business, the M
Token
MZK tokens are used to access the Muzika ecosystem. It serves four main functions:
Building community: MZK tokens are used as incentives to promote greater participation among community members. Members find MZK tokens to exchange ideas, exchange feedback, and more.
Transmitters of commercial goods and services: Participants in the ecosystem can exchange digital music, music, instrumentation, sound recordings, and others using MZK tokens.
Sponsor opportunities: Users can sponsor artists and become customers by paying a monthly subscription fee for their content using MZK tokens. Customers will receive exclusive access to products and services provided by the artist. They will also be more involved in the creative process of music.
Community program: MZK cards will also help fund community programs and events such as auditions, competitions, live broadcasts, etc. All of these activities contribute to strengthening the Muzika network.
MZK tokens can be obtained by participating in the next ICz Muzika or by buying tokens in the electronic money bag. They can also be exploited through active participation, loyalty in the community.
ROADMAP
INVESTORS
PARTNERS
THE TEAM
The Muzika group consists of three young founders, who initially founded a company called Mapia Company. Mapia is a successful venture capital platform with more than 2 million users in 150 countries in December 2017. The team is trying to expand the blockchain space because it believes that the classification of companies can be used to create a more transparent and fair ecosystem for the music industry.
Muzika is built on 2 million active users.Unlike hundreds of ICOs without proof of practicality, Muzika did not start from the beginning. The token economy is built strongly behind our existing business, generates profits, and is funded privately & publicly with 2,000,000 active users & customers from 150+ countries and artists from 30+ countries.Through years of experience, we have learned the right ways to build communities run by loyal individuals and incentives: the key to the success of community-based blockchain projects.
For more information you can see it at the link below:
Twitter: https://twitter.com/muzika_official
Telegram: https://t.me/muzika_english
Facebook: https://www.facebook.com/muzikanews/
Author by : yanifitri20
My Profile link : https://bitcointalk.org/index.php?action=profile;u=1543053
My ETH Address : 0x28DE63Ec2b939D29c74F2fCF1FEDC3B742e96573
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