Evaluation of the Muzika project
Hello everyone, friends! In today's article we will consider a fascinating project related primarily to the music industry - Muzika
As you know, the music industry has always been the most important entertainment for many generations. But what can we say, it is today one of the largest destinations in the entertainment industry. In this area, a lot of money is spinning, which mostly goes into the pockets of record labels, and only a small amount goes to the performers themselves. Sometimes it happens that they are paid much less than they deserve.
According to experts, performers today receive about ten to fifteen percent for their work, the rest of the budget goes to expenses associated with the promotion of the album, the salary of producers and distributors.
Today, with the help of modern technology, each of us has the opportunity to listen to your favorite songs in streaming mode. It is also worth noting that the majority of artists from the nineties received much more money, unlike the current musical performers, because CD sales were mainly in retail stores, and now anyone can download any song from the Internet and listen any number
Experts have long been saying that the income of the music industry is significantly reduced every year, because access to the song can be obtained without buying a CD. The problem of pirated content has long been taking place in this area, but until today the real tool for the solution has not been announced.
With the advent of blockchain technology, this problem can be solved using innovative developments of the Muzika music platform.
Muzika plans to remove the boundaries between the performer of the song and his listener, using all the advantages of the blockchain technology. Also, the platform will strive to drastically reduce the profits of the distributor, manufacturer and music label, which receives most of the profits.
It is important to note that Muzika is a free music platform for any artist. This means that on the platform will be absent all sorts of commissions and various kinds of cash deductions, and almost all the profits will go into the artist's pocket.
Muzika strives to create such a music system that will radically change the entire music industry, give it independence from various intermediaries, expand many opportunities for all users of the platform, make it completely decentralized and create economic stability.
It is also worth noting that the Korean company has been operating for a long time and has achieved great success in solving the many problems of the digital music industry. So in 2015, the online music platform Mapiacompany was launched and over the next 3 years it became an international platform with an audience of over 2 million people, and its client base is constantly growing. Undoubtedly, this is a huge success for developers and a serious competitive advantage, since the team is cohesive and has experience in creating a working product that is international with a large audience - more than 17,000 musicians.
Independence. After the final creation of the platform for all users, commenting, likes, analytics and reviews will be available.
On the platform, the market of musical instruments and services will be available to users.
Each user can invest in a musician whom they like to listen to and as a reward for their sponsorship they will be given some advantages on the platform that will be available only to sponsors.
Competition programs for performers. The Muzika platform developers are planning to encourage a large number of performers to participate in these contests, thus talented artists will be found.
Live broadcasts of concerts.
The developers plan to create an independent, self-sufficient ecosystem in which the main actors will be artists and listeners, in which all rewards will be honest and deserved.
The ecosystem consists of smart contacts, through which performers and listeners among themselves will fairly and transparently exchange musical products. The blockchain and smart contracts on the platform will be used to secure the copyright of performers.
Students will also receive an award in the tokens of the MZK platform for participating in various contests and other events. They will be able to vote for the best performer and directly sponsor them, encouraging them to create new music content.
All tools available on the platform will serve as the current existing intermediaries in the face of distributors and publishers and fairly distribute compensation for high-quality music content.
MZK token distribution procedure
The main currency for exchange on the platform, including trade and investment, will be the MZK internal token — the ERC-20 standard token based on the Ethereum blockchain.
It will also serve as a means to build an autonomous ecosystem, means to buy goods and services and for many other functions.
Main sales: 205,000,000 MZK
Total will be released: 1,000,000,000 MZK
Hardcap: 20,000 ETH
What is muzika
Muzika is a progressive penny economy that will reshape the global digital watch industry. From a number of sides, Muzika has revolutionized the tracking business by using a proper and impartial digital music ecosystem that would:
Removing meaningless intermediaries,
Empowering musicians and consumers,
Distributed power distribution, and
Restore currency stability of distribution among market participants.
Muzika keeps the promise of the future, where compensation for music creation is proportional to effort and dedication to the creative process.
Over the past two decades, the industry has gone through the past two major paradigm changes: one from ‘visible album’ to ‘invisible files’ and one from online download.
The song was previously made larger on hand and popular, and the second song added to the cash flow to the industry. However, the stage of increased profits gained by the musicians has decreased.
Distributors and publishers enjoy ample and long term returns for one-off and non-complex work. The issue of digital piracy remains unresolved. Fans are hoping to see their favorite musicians happy, however there is no place to fill other than having a digital song packaged through distributors and publishers.
Muzika is ready to reverse the sad truth of the music market today’s digital. From A to Z, we will replace the digital adjustment business and redefine the role of relevant market players, including consumers and musicians. The Muzika Coin (MZK) will act as the sole means for all transactions and exchanges needed in new ecosystems, creating a paradigm shift in the digital music industry. .
From a range of difficulties and solutions offered in the way of Muzima, I courageously invite you to this groundbreaking project.
I am sure that I, you and all of us will feel the benefits of the back of the greatness and greatness that Muzika has applied in transforming the world of digital tracking.
The smart deal will allow digital music products to be transferred directly from artist to fan, ensuring a fairer and more transparent distribution of the economy.
Fans will be rewarded with loyalty points for their various community activities, which will be converted regularly into MZK money — the only means of exchange for all economic activity in the system. Status.
Fans will have the opportunity to donate directly to their favorite artists, support them and receive exclusive benefits.
More information about the team can be found on the project site https://www.muzika.network/
Project conclusion: It's no secret that there is a lot of money in the music industry, so there are numerous problems that prevent musicians from receiving adequate remuneration for their work. But with the advent of such a platform as Muzika, this problem may disappear, since this ecosystem provides fair rewards through the use of blockchain technology and smart contracts. Considering the fact that the guys from the team have been working together for a long time and already have a working product with a large audience around the world, everything should work out for them.
Main project links
Official website: https://www.muzika.network/
Telegram channel: https://t.me/muzika_english