Article Summary, Automatically Generated By AI
Summary
- NEWM’s music streaming platform and marketplace uses blockchain technology to revolutionize royalty distribution.
- Artists can sell/auction partial music rights directly to fans, labels, and investors via NFTs.
- NFT value increases as artists become more successful, generating income for NFT owners.
- Creates a new asset class, making music a collectible item again.
- Benefits both artists and investors with equitable income opportunities.
Numbers and Figures:
- None mentioned in the text.
Case Studies/Anecdotes/Examples:
- None mentioned in the text.
About NEWM: Empowering a New Era of Decentralized Finance
NEWM’s innovative music streaming platform and marketplace is poised to revolutionize the royalty distribution process, ensuring equitable remuneration for all stakeholders. By harnessing the power of blockchain technology, artists can securely sell or auction partial music rights directly to fans, music labels, and investors through non-fungible tokens (NFTs). As artists’ popularity grows, the value of these NFTs appreciates, creating inherent monetary incentives for NFT owners to promote the artists, thereby generating passive income.
We’re revolutionizing the music industry by introducing a novel asset class, thereby transforming melodies into coveted collector’s items. This paradigm shift ensures a more equitable landscape for both artists and investors.