Revolutionary blockchain-based music platform from Korea — MUZIKA
MUZIKA coin is an extraordinary blockchain-based music project that is relatively unknown in Korea.
Last week in Seoul, Korea, Blocknode Communications (BNC) successfully hosted a meetup to publicly introduce its new projects — MUZIKA, Carry Protocol and Cortex. Even though it was a gloomy rainy Friday evening, over 300 people showed up to the event and created a great atmosphere.
MUZIKA is a music platform that aims to establish a sustainable ecosystem on which both artists and their fans can collaborate using blockchain technology.
Before the 80’s, we had Vinyl records, then we had CDs, followed in 2000 by MP3 players. Over the last few years, these have been surpassed by online streaming, which has become the main source of music. The music era has changed dramatically!
As the music industry in Korea grew rapidly, music sources became centralized across three giant companies. This has resulted in a severely unfair payment system for artists, the actual creators of music. Middlemen, including distributors and labels are the ones causing fees to rise. The music business is more unfair than ever.
Artists having multiple hit songs are still struggling financially, and their fans, sadly, are becoming no more than just consumers.
MUZIKA has been launched to fix and revolutionize this unfair marketplace.
Honest and Transparent.
Behind this revolution are young Administrators and Developers in their early 20’s. They organize famous music communities like ‘MaPianist’, ‘MyMusicSheet’ and ‘KPopPiano’ that became globally successful with more than 2 million users and 17,000 music creators spread across more than 150 countries.
On the platform, artists are incentivized for uploading their music and the music sheet, while their fans are incentivized with loyalty points for purchasing contents and participating in the community. And the points can be exchanged to MUZIKA coin (MZK) on a regular basis. With the whole process being transparent and honest through blockchain technology, MUZIKA (MZK) revolutionizes and revives the music industry.
With its superhero advisors like KakaoTalk, Samsung, and Naver, MUZIKA didn’t do public ICO as the funding has been already closed successfully. This is an exceptional result, considering this bear market in blockchain industry.
A transparent blockchain solution to change the modern economic landscape of music. I can’t wait to see what MUZIKA will do next :)
