About Muzika.
Muzika revolutionized the music industry by establishing an independent and true digital music ecosystem that would eliminate unnecessary intermediaries, empower musicians and consumers, decentralize distribution power, and restore the balance of economic distribution among market participants. Muzika holds the promise of the future where compensation for music creation is comparable to the effort and dedication put into the creative process.
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.
Napster, a file sharing peer-to-peer (P2P) service engineered by Shawn Fanning and Sean Parker, led this revolutionary transformation. For the first time people can share digital audio files online, and services are fast gaining popularity among American students. At its peak in 2001 around 80 million registered users.
Muzika will bring innovation to the value chain in the digital music industry.
We will reform how values ​​are created and captured by various players in the industry. We will restore appreciation to those who create value, from those who only transfer value, while restoring lost parts of digital piracy through blockchain technology.

The Digital Transformation

Here we briefly introduce how the music industry has evolved over the past two decades, and how the issues behind Muzika’s inception developed.
The story of the recorded music industry over the past two decades is one of transformation: from physical to digital; downloads to streaming; ownership to access. The transformation has brought about more variety in terms of services, and increased accessibility to consumers. Today, we can listen to music via streaming services without directly owning or downloading digital music files.
Digital music is currently the key driver of growth in the music industry as a whole, as it accounted for 50% of global revenue and 81% of the US music market in 2016.
Muzika will bring innovation to the value chain in digital music industry
We will reform how value is created and captured by various players within the industry. We will return rewards to those who create the value, from those who merely transfer the value, while recovering the share lost from digital piracy through blockchain technology.

WHAT MAKES US DIFFERENT

Previous Attempts Failed to Secure Large Userbase
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 a higher level of commission 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 attractive than blockchain applications using Smart Contract transactions. For example, a 10% commission of $ 1,000 from iTunes is preferable to a 90% commission of $ 1 from a Smart Contract transaction.
We Have Done It Before
Muzika has already made significant achievements towards the development of sustainable solution to inefficiencies in the digital music industry. In 2015, co-founders of Muzika saw an opportunity in the online instrumental music industry and started online instrumental music platform Mapiacompany. In just over 3 years, Mapiacompany has become the #1 global instrumental music platform with over 2 million users. Muzika will build upon this existing userbase and community.

THE MUZIKA ECOSYSTEM

Muzika will create an autonomous, self-sustaining ecosystem driven by artists and their fans in tandem, where compensations and rewards will become proportional to the level of devotion put into musical creations and ecosystem behind them.
  • Smart contract will allow digital musical products to be transferred directly from artists to fans, ensuring fairer and more transparent economic distribution.
  • Fans will be rewarded with loyalty points for their various community activities, which will be regularly converted into MZK coins - the sole medium of exchange for all economic activities in the ecosystem.
  • Fans will have opportunities to make direct sponsorship to their favorite artists, supporting them and receiving exclusive benefits in return.

TOKEN METRICS


ROADMAP

MEET OUR TEAM

ADVISORS

For further information, please visit the following link:

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Hình ảnh
WHAT IS GRIC COIN ? Gric Coin Token is created to improve agricultural practice and food production in Africa. We are creating a brand that will become a benchmark for Agriculture in Africa. This brand will integrate Blockchain to Agricultural practice. We intend to establish a 1000 acre farm / agricultural processing factory in Africa where we can plant, process, standardise and package Farm produce for final consumers. The project is divided in to the farm project and token utility project. The farm project is the 1000 acres commercial farm and processing factory. But we are incorporating a working product we have. A site where people invest in agricultural business and are paid return on their investments. Visit www.farmpartner.ng to understand how it works. Part of the fund we are raising will be used to upgrade the farm site we have and build an apps for it. When the site is ready. Members can invest on farm business with Gric Coin as it’s main method of invest. ...
Đọc thêm
Hình ảnh
Gric Coin Project A Solution To Food Counterfeiting? The  Gric Coin  project aims to create a brand that will be a benchmark in the agricultural industry, remove imitation and food counterfeiting, bring about transparency with the aid of blockchain, create a vehicle for people to invest on real life agriculture and earn reward on their investments. Food counterfeiting, a kind of food fraud involves the act of purposely altering, misrepresenting, mislabeling, substituting or tampering with any food product at any point along farm–to–table food supply chain. Gric Coin, Putting An End To Food Fraud How Gric Coin Project Works The Gric Coin Project, an agricultural crypto currency and block-chain project is divided into three major parts; 1.  The Farm Project:  This involves the purchase of 1000 acres of land for mechanized farm and processing industry for farm produce. The farm project includes our farm, processing industry and the blockc...
Đọc thêm

gigzi

Hình ảnh
Introducing Gigzi The financial services industry is changing rapidly thanks to evolving technology. Just a few years ago, users needed to visit banks in order to initiate a wire transfer. They needed to fill forms, pay a hefty fee, and then wait for a few days for the funds to show up in the receiver’s account. A similar scenario has unfolded in the wealth management industry. Earlier, users were reliant on financial advisers for their investment decisions. They ended up paying big brokerage fees and didn’t have much control over where there wealth was going. But the advent of the internet has changed all of that. Information is now widely available, allowing users to make their own investment choices. They can execute trades on their own and decide which asset classes they want to invest in. Gigzi was founded in 2016 with the intent of taking this freedom to the next level — empowering users to manage their wealth independently. An financial system using distributed ledger te...
Đọc thêm