Los Angeles, CA, July 16, 2021 (GLOBE NEWSWIRE) — (by way of Blockchain Wire) OnChain Music, an organization designed to assist artists, bands, singer/songwriters, DJs and musicians earn royalties on the blockchain, has launched its artist and label roster. Concurrently, the corporate has simply launched its OnChain Music token (MUSIC), which is now formally dwell and buying and selling on UniSwap and PancakeSwap. The bulletins have been made right now by Ben Kopec, OnChain Music’s CEO and Founder.
As well as, OnChain Music has simply launched its new Street Map, which outlines its timeline for upcoming developments; revealed a White Paper on Blockchain Music Distribution and Digital Asset Administration for Musicians written by Kopec (to learn, CLICK HERE); and is at present additionally engaged on new staking alternatives, which is able to permit individuals who stake the $MUSIC token to earn extra tokens.
For an entire listing of the artist and label roster distributed by OnChain Music, please CLICK HERE
In simply the previous eight months, blockchain music platforms have created completely new royalty streams for music artists, however, in accordance with OnChain Music executives, many musicians don’t perceive the mechanics of digital belongings. Subsequently, massive numbers of musicians are usually not accumulating as many of those royalties as may very well be made accessible to them. Pursuing and retaining observe of a number of blockchain music aggregators and royalty collections can current lots of challenges. Technical hurdles can create frustrations for the person, and duties corresponding to metadata administration and digital asset (together with cryptocurrency) administration could be very time-consuming and overwhelming.
OnChain Music was established to offer services to assist bridge the hole between musicians and their blockchain royalties. By dealing with these obstacles head-on, the corporate has the experience to take away the burden musicians typically face when coping with technological obstacles, administration of content material distribution and digital belongings, and assortment and disbursement of royalties. OnChain Music oversees and manages these elements so artists and musicians can proceed to give attention to their inventive passions – making music itself.
Concerning the launch of his new firm, Mr. Kopec stated, “At our core, we imagine in serving to musicians generate new streams of income and maximizing royalties for our artists, bands, composers, singer-songwriters, DJs, and musicians of every type. We function with the concept that we shouldn’t make any cash except our artists are earning money. Subsequently, our enterprise is designed round a income sharing mannequin. After accumulating cash from our shoppers, corresponding to music aggregators, we retain a small price after which remit the remainder to the musicians. Our objective is full transparency – we share all accessible metrics with our musicians. When doable, we hook up with blockchains and pull in related knowledge in order that our musicians can see the identical info we see.”
ABOUT THE IDEATION BEHIND ONCHAIN MUSIC:
OnChain Music was conceived to show musicians and artists to the fact of incomes digital belongings using blockchain know-how and connecting on to their followers, offering the inspiration for a decentralized web that may profit musicians and their followers. This decentralization will empower artists, deliver them nearer to their followers, and permit them to earn a number of income streams. Musicians will earn a better royalty fee, as in comparison with conventional DSPs, by means of the sale of NFTs and distribution of music to blockchain platforms.
OnChain Music stands on the forefront of the music trade’s future and desires musicians around the globe to know that if they’re able to create their very own private ecosystems by which they, their followers and their revenue streams could be interwoven, then these artists ought to examine all that OnChain Music has to supply them.
ABOUT THE NEW ONCHAIN MUSIC TOKEN:
The brand new OnChain Music token is a hybrid cryptocurrency combining traits of being a utility, governance, and income share token. Individuals who both maintain or stake may have entry to OnChain Music’s Income Share Program, voting, snapshots, airdrops, NFTs, and extra. Artists signed to OnChain’s roster even have the potential of elevated royalty payouts. OnChain is just not doing an ICO or pre-sale. The $MUSIC token doesn’t inherently have any worth and one ought to do their very own analysis earlier than investing.
The OnChain Music token is now formally dwell and buying and selling on UniSwap and PancakeSwap – the ticker is MUSIC.
Steps to purchase the $MUSIC token on Uniswap:
- Purchase Ethereum (ETH) on an trade, like Coinbase, or Voyager Digital.
2) Switch the ETH to a browser pockets, for instance, MetaMask.
3) Go to https://uniswap.org, and hook up with MetaMask.
4) Go to the token web page at www.OnChainMusic.com, and click on “Uniswap.” This can direct one to the proper token pair. Then one will have the ability to promote his/her Ethereum for $MUSIC.
The ERC20 token contract tackle could be accessed HERE:
Steps to purchase the $MUSIC token on PancakeSwap:
If one is already utilizing the Binance Sensible Chain, then he/she most certainly is already aware of shopping for and promoting crypto. Go to the token web page at www.OnChainMusic.com, and click on “PancakeSwap.”
The BEP20 token contract could be accessed HERE:
ABOUT ONCHAIN MUSIC ARTISTS & LABELS:
Artists signed to the OnChain Music roster have embraced the advantages of the corporate’s experience. Amongst their testimonials to OnChain’s efficient use of the blockchain:
Smiz the Moneykid: “Distributing my music with OnChain has been a fantastic funding for my profession. I’m making good royalties from the blockchain websites, and it’s enjoyable to be a part of one thing so revolutionary.”
Rijan Archer: “Coming into into a brand new approach of distributing my music with OnChain has been a tremendous expertise! It’s been superior working with Ben Kopec and his perception & transparency to assist artists. His outlook & experience on future, new era music streaming platforms are paving the best way to generate extra royalties for artists around the globe.”
Abbey Scott: “I like that I can immediately have interaction with my followers and supply them the chance to personal a singular NFT that represents my particular model. Working with OnChain Music permits me to give attention to staying inventive whereas exploring the chances of incomes royalties on the blockchain!”
BJ Sam: “I’m so mesmerized and grateful to have my music on blockchain platforms. Any artist who is just not utilizing OnChain is lacking out. They paid correctly and promptly and introduced my music profession to limelight. I can’t think about recording new music with out distributing it with OnChain Music.”
ABOUT ONCHAIN MUSIC:
Launched by Ben Kopec in 2019 in Los Angeles, OnChain Music exists to assist artists, bands, singer/songwriters, DJs and musicians of every type earn royalties on the blockchain. That is achieved by means of music distribution and the sale of Non-Fungible Tokens (NFTs). The founders of OnChain Music perceive the difficulties of maintaining with rising applied sciences, corresponding to blockchain. They face these challenges head-on in order that OnChain Music artists can proceed to give attention to their inventive passions.
Kopec and his staff imagine that musicians needs to be paid extra for his or her music – he and his fellow executives are all music lovers and empathize with the every day struggles confronted by these attempting to outlive in right now’s extremely diversified music trade. The OnChain staff stands on the entrance traces of recent applied sciences and fights to guard the monetary pursuits of the artists on their roster.
OnChain Music offers the distribution of its artists’ music to blockchain music platforms; the corporate helps to create NFTs and lists them on the market; OnChain Music manages artist accounts and collects all streaming royalties; concurrently, the OnChain Music staff prides itself on its immediate customer support, 24/7.
The Asbury PR Company, Beverly Hills, CA