Verify: What is the nft music craze and why are NFTs important?
Catalyze the empowerment of artists and fans
Gala Music converts tracks to NFTs on GalaChain, streamlining transactions and reducing costs. Utilizing its native $MUSIC token for transactions and rewards creates a cohesive ecosystem where smart contracts manage operations.
The ecosystem's offerings cater to three distinct user groups: artists, fans and listeners, and node operators, providing each with specific features that meet the needs of music fans within the platform.
- Artists: Employing a tiered rarity system for track sales, Gala Music introduces excitement by gradually releasing music in stages of increasing scarcity, culminating in the prestigious 'Signature Edition'. Additionally, Gala Music increases fan engagement with special events and loyalty programs.
- Listeners and fans: Audiences can enjoy uninterrupted streaming of their favorite songs while earning $MUSIC tokens as rewards. By becoming 'track owners' by investing in music and acquiring tracks, they unlock greater rights and opportunities to monetize their music investments.
- Node operators: Node operators, also known as “Jukebox operators”, are vital to the platform's infrastructure and host music on the network. They get a share of the revenue generated by hosted music. In particular, track owners who also act as Jukebox operators keep 100% of their profits.
Discover new sounds
To start using Gala Music, potential users can quickly register through the Gala Music website. The platform features an easy-to-use interface where profiles can be customized and artists and eclectic music genres can be explored.
Once they have it, users can curate playlists or enjoy streaming, with once-in-a-lifetime opportunities to delve into exclusive artist events.
So, take a step into the future of music. Gala Music is not only reshaping the way music is produced, shared and enjoyed, it is also strengthening the bond within the music community, making it a cornerstone for the future of music distribution and consumption.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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