Preceding song blockchain tasks have ignored the importance of a huge userbase to acquire widescale adoption. these projects have confirmed that it is possible to give a better fee charge to artists for their paintings using smart settlement transactions. however, for artists, the low fee rate offered from conventional track streaming apps that had big userbases have been extra attractive than blockchain apps using smart contract transactions. case in point, a 10% fee of $1,000 from iTunes become most advantageous to ninety% fee of $1 from a clever contract transaction.
Muzika pursuits to offer musicians the first-rate of both worlds: a higher fee price for their innovative content material and a strong userbase. Muzika has evolved a strong machine for incentivizing lovers to make a contribution to the Muzika ecosystem. those incentives will construct the userbase vital for Muzika to provide both higher commissions to artists at the side of the mass userbase of traditional tune streaming websites. The community impact from a mass userbase can be the key to developing an self sufficient, self-sustaining atmosphere. In different words, Muzika can provide musicians with ninety% of $1,000.
Muzika has already made huge achievements toward the development of sustainable method to inefficiencies in the digital tune enterprise. In 2015, co-founders of Muzika noticed an opportunity inside the online instrumental music industry and started out online instrumental song platform Mapiacompany. in only over 3 years, Mapiacompany has emerge as the #1 worldwide instrumental track platform with over 2 million users. Muzika will build upon this present userbase and community.

Official YouTube Presentation

Muzika is a revolutionary penny financial system as a way to remodel the virtual watch industry around the world. On the only hand, Muzika revolutionized the monitoring industry with the aid of the use of the right and unbiased virtual track surroundings that:

removes neutral meaningless,
Empower musicians and customers,
three. Distribution power distribution and
repair the financial balance of the distribution among marketplace contributors.
Muzika holds the promise of the destiny, in which reimbursement for song introduction is proportional to attempt and dedication to the innovative method.
during the last two a long time, the industry has seen essential paradigm shifts in the past: one from a "visible album" to an "invisible report" and one from an internet download.
The preceding track was made more popular and popular, and the second one song introduced to the cash flow of the enterprise. however, the rise in profits of musicians has decreased.
vendors and publishers make the most of rich, lengthy-time period profits for one-off, easy work. the difficulty of digital piracy stays unresolved. lovers wish to peer their favourite artists satisfied, but there may be nowhere to go to fill a digital song supplied via vendors and publishers.

Ecosystem

We are able to reform how price is created and captured by various players in the industry. we can go back rewards to folks that create the cost, from folks who simply switch the cost, whilst getting better the proportion lost from virtual piracy through blockchain generation. Muzika will create an autonomous, self-maintaining atmosphere driven with the aid of artists and their lovers in tandem, in which compensations and rewards will become proportional to the extent of devotion put into musical creations and surroundings 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.

Problem

Track is first digitized in MP3 shape, the audio file format is normally compressed to handiest three to four megabytes in step with track on common. This innovation turned into provided by means of all other preceding media from track, consisting of CDs and cassettes, out of date and converting industries thru permitting digital distribution. This has effective and bad outcomes for musicians. On the only hand, they're now able to launch and distribute new track round the world at will. on the other hand, pervasive copyright piracy leads to a consequent decline in music income, and exorbitant fee vendors, mixed to reduce musicians' non-public benefit.
vendors and publishers enjoy adequate and lengthy terma returns for one-off and non-complex paintings. the problem of virtual piracy stays unresolved.favorita there may be no area to fill apart from having a digital song packaged via vendors and publishers.but musicians happy,
enthusiasts are hoping to peer their beloved musicians glad, but, there's no region to fill other than having a digital song packaged thru distributors and publishers.

The solution

Muzika is prepared to reverse the unhappy reality of the virtual track market today. From A to Z, we can replace the virtual adjustment sector and redefine the function of the relevant market gamers, which include purchasers and musicians. The Muzika Coin (MZK) might be the only way to make all of the vital transactions and exchanges within the new ecosystems, hence creating a paradigm shift inside the digital music industry. . .
amongst a variety of difficulties and solutions proposed within the manner of Muzima, I courageously invite you to this progressive task.
I'm sure which you, and all people, will feel the advantages of the go back to greatness and greatness that Muzika has implemented to convert the arena of virtual monitoring.

How will Muzika revolutionize the track industry?

Muzika builds an ecosystem led via artists and their enthusiasts, rewarded for their dedication and determination to tune advent and consumption.

To the fans:

enthusiasts may be rewarded for his or her numerous network activities (sharing, for example) with loyalty points, with a view to be converted into MZK cash. enthusiasts can use MZK cash to fund their favorite artists, help them and acquire one of a kind advantages in go back, consisting of the capability to enjoy exceptional merchandise, services and referrals. enjoy the each day lives in their favourite artists and take part in the system of making a musical product.

For the artists:

unlike social media platforms inclusive of fb, the Muzika consumer base will no longer simplest be active in network sports (inclusive of commenting or sharing), it will additionally have the opportunity to sponsor artists who need it. love. their flavor.
The Muzika atmosphere can even consist of production guide to create tune albums that allow you to create track while not having to signal with a label. The important person base and integration with famous structures together with Mapia will assist to devour greater vital artist content and may be rewarded for their creativity.
further, the Muzika platform will offer community programs and events including competitions, competitions, and ongoing occasions that will assist new artists to set up themselves and call them.