Tune.FM Team Will Release The Best-In-Class NFT Marketplace

Streaming services are now commonplace. What happens to the musicians when they have access to millions of songs at their fingertips? Is there a financial incentive for them to participate? Tune.FM claims to be able to give back some control to artists through the use of their app and pay-as-you-play model. Whether or not this is a positive development in the music industry’s evolution depends on whether or not the companies that offer these streaming services are able to still make money while shifting the burden onto a population that can’t afford to pay for music. When we were curious about Tune FM, we decided to take a closer look at it.

With the JAM Token from Tune.FM, the music industry can reward everyone who contributes to the creative process, regardless of whether they monetize their work or not. To bring back the real industry, everyone works together to make micropayments seamless and ideal for users. It is the goal of Tune.FM to make a global micropayment network for musicians and other creatives as simple to use as possible. When our work is heard, we should be paid for it.

Hedera Hashgraph, a platform that will allow any application to interact with a distributed ledger in real time, is expected to be a game-changer in the blockchain industry. The Jam payment token can be used by app, game, and social media providers to create new business models. As a result of the Hedera Hashgraph platform, Tune.FM is aiming to be the first app and online radio service to offer rewards for listening and supporting your favorite artists.

Tune.FM addresses a real need in the music industry by creating an app that allows users to make frictionless micropayments for live and on-demand music. It’s a huge advantage for artists to be able to pay for a song or album with just two clicks, all within the same ecosystem, rather than having to give up large chunks of royalties.

TOKEN JAM

It’s all thanks to JAM Hedera Hashgraph. With a Token from Tune.JAM FM, people all over the world can make micropayments. Consensus algorithms developed by Hedera (PoS) can only be used by corporations (Asynchronous Byzantine Fault Tolerance).

The Hedera Token Service, a new native audio token called JAM Token, has made streaming royalty payments easier than ever before (HTS). Because the native Hedera currency has a micropayment threshold of $0.00001, new business models for media consumption can be created that are both quick and inexpensive.

NFT mining on the Hedera token service is 99.9% less expensive than on Ethereum (coins versus hundreds of dollars). Musicians and music lovers will be able to easily create, buy, sell, and trade NFT music on Tune’s NFT Marketplace once it goes live. A wide range of visual and aural assets, including photographs, movies, animations, and music, will be built using IPFS metadata from the HTS coin (Wallet e.g. Meet & greets behind the scenes, VIP tickets to the event, and admission to the fan club). NFT minting encoding is available for virtual and direct live streaming, small performances, live performances, and large-scale concerts. Select backers will have access to tracks that are still being worked on.

As a result of the artists’ complete creative freedom, the NFT experience is entirely in their hands. NFTs will teach you how to make your product more valuable. Your super fan club can make money if you use loyalty rewards. Keep an eye out for FM JAM, as it is expected to grow in the near term. We’ll be adding new features and projects as time permits. We appreciate your assistance as an early beta tester and eagerly await your feedback.