Topic: ⭐[ANN][Softcap ✅] imusify 🎸 Award-Winning Blockchain Music-Tech - page 52. (Read 52038 times)

Please don't spread FUD, IMU tokens will be listed on Switcheo.Exchange and O3.Network after the token sale.

Does imusify have AMA? On telegram or reddit?

Standard will evolve trough time right?

Conception of imusify
BEHIND THE NEW ECOSYSTEM FOR MUSIC (Part I)

The imusify Manifesto

“Yeah man, it’s that bad. The music industry is broken,” he said with a sigh. “5,000 downloads of your song on iTunes translates into about 15 cents. Probably less than 10 cents after taxes. Your best bet to make it as a signed artist these days is to sell your merch…unless you signed in a 360 deal with the label — in which case even that won’t cut it.”

I stepped right to avoid a puddle on the path; We were walking through a park towards our hotel in Berlin, only a kilometer or two from the Wall that once stood to divide the Eastern Bloc from the West. “Is that why you stopped making music,” I asked. “No, I stopped because I realized the lifestyle I lived to lead me towards a place I did not want to end up at. I loved music. I still do. However, it can get crazy. After one of our shows, the fans broke into the backstage. We had to run out the back door and hide in our tour bus as they climbed up on it. Those were crazy days man,” he said.

It must have been six months since I first spoke to David on Skype. Back then, all they had was an outline of the Whitepaper for the imusify project, or so I thought. A twenty-page document, suggesting that blockchain technology could be used to bring the music industry to the 21st century. Something between a business plan and a manifesto for musician’s rights. Having been an aspiring musician and entrepreneur myself, I was hooked.

https://medium.com/imusify/conception-of-imusify-c2a32771d682

Music made smarter i guess. What is the discussion on discord?

Very convienient to be on mobile app.. Music in your pocket.

IMU - a NEP5 standard utility token. ϑ IMU tokens are used as the engine to support imusify’s multi-layered, decentralized music economy. This will create an immense potential value for the token’s use throughout imusify’s infiltration into the industry.

An award-winning #music platform being built on @NEO_Blockchain, @imusify is reinventing the global music industry in order to liberate music makers, music fans, and music entrepreneurs

imusify IMU To Be Listed On O3 Mobile Wallet Application

imusify has announced that they have reached a strategic partnership agreement with O3 Labs, the developers of the mobile wallet application running on NEO blockchain technology simply known as the O3 mobile wallet. imusify also announced that it is ready and set for the IMU (#getIMU) public token sale and IMU will be listed on the O3 wallet.

As soon as members of the imusify community get the IMU tokens, they would be able to trade with the IMU or any other NEP-5 cryptocurrency directly from their mobile device using the O3 mobile wallet application.

https://discord.gg/rrYxjBh


guys get on Discord - great chat

Hmmm

actually the core of this business is control.
if only about distribute copyrighted works, artists and producers can be from the past. it's just that, their constraints are mafia games that sometimes make the work not get the value it deserves.
with blockchain technology, creators and artists can control their income and at the same time assess the market's response whether they like it or not.

Switcheo.Exchange and O3.Network is confirmed.
You can check their medium account : https://medium.com/imusify

imusify eliminates the need for existing intermediaries and is very cool, that everyone will be rewarded for their contribution! Is it already known on what external exchanges will IMU  be available?

Check this out
 
Publishers
Collecting Services + Rights Organizations
Record labels and managers
Streaming Services
Listeners
ConsumersF ans
Artists
Session musicians
Songwriters

DIGITAL STREAMING VALUE CHAIN
The streaming service itself also retains a portion of monthly revenue for themselves, and sometimes distributes additional portions for third-party contract services. After all of these intermediaries have been paid out, the remainder (usually around 40%) is then  used  to determine the “pay-per-play” allocation for that month. Music  publishers then receive a payout based on the number of streams they own. Finally, often several months later, artists finally receive a small fraction of the pie, with per-stream royalties between $0.005 and $0.001 per stream

Good reading and learning also


Understanding Blockchain in Context As decentralized applications (use cases that conduct services using blockchain) are beginning to pose a disruptive threat to various industries, businesses and institutions around the world are seeking to understand and invest into blockchain at a staggering rate1. In order to best understand how imusify will utilize blockchain to disrupt the music economy, it is important to first understand the evolution of blockchain technology, and the narratives that have emerged alongside it.

Blockchain was originally designed to instill a provable form of trust when conducting transactions, rendering the “trusted intermediary” unnecessary. In 2009, “blockchain” was born when Bitcoin’s genesis block was mined2. This meant that the first block of the first blockchain came into existence. “Mining” refers to a process where computers collect a batch of transactions, encrypt them, and then use their computing power to confirm the group of transactions. Each group of transactions mined creates a new “block” in the blockchain. At this time, blockchain existed solely as the technology behind the Bitcoin cryptocurrency and for the next few years blockchain was only understood by a select group of early crypto enthusiasts.

During this period, ideas as to how bitcoin and other cryptocurrencies might deliver value began to emerge. People began paying for random goods and services in bitcoin, the excitement around its potential grew, and soon the speculative value of bitcoin began to rise. As the first blockchain startups emerged and a new network of investors was established, questions arose as to how blockchain infrastructure might play a role in updating aspects of the financial system. By late 2016, several proof of concepts had emerged and were later deemed impossible by the companies that sought to implement them. Despite the lack of success, more and more narratives and ideas emerged, and more cryptocurrencies sparked investment interest.

Today, blockchain’s network power has been a driving force in many blockchain narratives, including Bitcoin itself. Entrepreneurs Cameron and Tyler Winklevoss presented a popular narrative about blockchain regarding how its network power acts to coordinate beliefs behind it4. Using the analogy of the telephone, Tyler explains this particular network power. If one person in the world owns a telephone, it holds no value. If two people own telephones, a value is created as those two people can now communicate with each other. The more people that have telephones, the greater the network value of the telephones become due to the exponential growth of potential communications that can take place amongst telephone owners. Bitcoin, he explains, operates the same way as a digital currency. The more people who hold it, the more value the currency has to serve as a means of exchange and a payment utility. This is an example of one of the primitive narratives that has led to speculative investments into bitcoin, even though the areas of value chains that bitcoin may enhance are still largely unproven.

The problem with narratives in the blockchain space is that the low barrier for creating and investing into new narratives has provided an opportunity for profiteers to take advantage of the supply of opportunistic and less experienced investors in the space. Some of these projects known as “scam coins” produce a narrative, often in the form of a whitepaper, about their coin’s “unique” value proposition1. They then use this narrative whitepaper to coordinate investor beliefs and raise funds through an ICO, exploiting the ill-informed investor. All they have to do is creatively link a tangible idea to the concept behind Winklevoss’s network narrative and people interested in that tangible idea will buy in. The problem with scam coins is they don’t deliver any real value to users, resulting in an inevitable crash, or bust episode, once the community of token holders realize their coin’s technology holds little real value. Similarly, other blockchain startups have been seen to, either intentionally or unintentionally, overvalue their project and promote a funding round using a similar strategy. While a startup like this may have the goal of creating a real use case, the over-fundraising that comes from their high valuation creates a lack of trust in investors that can also lead them to a similar bust episode to spam coins.

From the examples of scam coins and project overvaluation discussed above, we can see how misleading narratives can create a damaging rise and fall in a startup’s token value that does not relate to the  project’s fundamental value but instead to the community’s perceived value of the project. Because token holders have the buying and selling power to both lift or sink a blockchain project, it is in any startup’s best interest to circulate narratives around their project that provide realistic and achievable analyses of the potential profitability of their product.

To reduce the risk of negative speculation, a startup should present an easily understood business model that discusses which portions of a value chain are being improved or removed and how such optimizations can deliver value to participants. In order to be effective, a business plan must clearly describe how the business will make money. It also must discuss the specific componentss of the value chain they plan to change and the entire economic ecosystem required to deliver value to the participants and the users. Such a business model will be presented in detail later in this paper, but we will first take a closer look at how the combination of humans, narratives, and blockchain technology can co-exist to create a synergistic result.

precious project

why?


read whitepaper? no? you're lazy i know =)

Today, music creators operate within a complex web of intermediaries when distributing digital content and attempting to recoup payments for their work. Blockchain technology allows artists and creators to retain direct control over their work throughout the distribution process, and facilitates a peer-to-peer exchange of value between creators, consumers and other industry contributors. This paper presents imusify, a decentralized music platform and smart economy, and provides a narrative into how imusify will deliver value to all user types while continually optimizing the music value chain.

The first section of this paper discusses the current landscape of the blockchain industry and the benefits and risks that have come to light as a result of blockchain’s recent economic boom. The second section examines the core components of the imusify project- its business model, architecture, and community. It also explains imusify’s favorable position to lead a widespread societal adoption of decentralized systems using the universal language of music.

https://imusify.com/

the bounty goes well. Bounty hunter response is also good.
the impact, the existence of this project is increasingly widely known and many are looking for the process of investing.
this is a good improvement.

Really it is an great & amazing idea. It will be a nice & will increase progress rapidly.