Good afternoon, my dear friends! Today I propose to begin our conversation with you about such a direction as the music industry. This area is very popular and is a serious entertainment for all people. After all, just imagine how you can live without music? It is not real. After all, music is more than just entertainment. After all, no one can imagine that he is going on a long journey and at the same time is in complete silence. This is generally impossible to imagine. And this industry has its own problems. Did you know that performers are actually very poor people. Indeed, all the main profits are received by various organizations that are engaged in the distribution of these works, and the performer himself, it seems, like not in business. This is very bad, because the main work lies on them. Losses are also due to pirates who strive to go around the author and just put money for someone's work into his pocket. This is very bad, but in today's world it is more than reshimo, since there are technologies that are capable of it. One of the projects that uses this technology is calledMuzika . Now we will talk about him.
About the project:
Muzika - in essence, this project is the solution to all problems. This platform has an important and main factor, it is the absence of commissions. And this means that any user or performer will be able to interact with the project and push their content to the general review. The project itself is free for all users, that is, come in, listen and enjoy. This is also one of the main factors of the project.
I would like to say about the technology used in this project. This is one of the newest technologies called blockchain. Thanks to this technology, openness, transparency and, most importantly, the safety of users and all project participants are achieved. This is an important factor that I would like to mention. Also on the project smart contracts will be applied, thanks to which transparency will be introduced into all transactions made on the project will be as safe as possible, and also so transparent that no one can fool you.
Music is first digitized in MP3 form, the audio file format is usually compressed to only 3 to 4 megabytes per song on average. This innovation was provided by all other previous media from music, such as CDs and cassettes, obsolete and changing industries through enabling digital distribution. This has positive and negative effects for musicians. On the one hand, they are now able to release and distribute new music around the world at will. On the other hand, pervasive copyright piracy leads to a consequent decline in music sales, and exorbitant commission distributors, combined to reduce musicians’ personal gain
Total number of tokens: 1,000,000,000
Total number of tokens for sale: 205,000,000
% for sale: 20.5 %
Hard-cap: 20,000 ETH
Co-founders are one of the youngest and most successful entrepreneurs in South Korea startup history, averagely aged at 22 . All of them were awarded Forbes 30 Under 30 Asia 2018.
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