Tune.fm - For NFT Music riview


Tune.fm has tapped cryptocurrency startup Hedera Hashgraph to enable fast payments for artists. Pretty soon, you’ll be able to use the Hedera-based cryptocurrency to pay for songs from Beyoncé, Solange, Chaka Khan, and Le’Andria Johnson.

The application is an important step for Hedera, a new decentralized ledger that combines peer-based security and transparency with transactional speed and whose value has until now been theoretical.

Musical artists have always struggled to get their fair share of the revenue their music generates. But this new system will enable a pay-as-you-go business model, using a Hedera-based cryptocurrency token called Jam that enables fast micropayments for every second of music that streams between artists and fans.

Tune.fm will let consumers use the Jam cryptocurrency to pay for songs in Music World Entertainment’s (MWE) music catalog. The catalog was founded by music mogul Mathew Knowles, who is also a Tune.fm advisory board member.

“I see cryptocurrency and streaming paired together as the wave of the future,” said Knowles in a statement. “Tune.fm has put together an incredible platform with a unique user experience, and Music World Entertainment Corp is excited to share its content on the Tune.fm platform.”

The MWE catalog features many Grammy award winners among its extensive list of popular talent.

“The existing industry business model is not profitable and squeezes artists. Streaming platforms pay the vast majority of their revenue to publishing companies, and they leave artists with only about 10% of that,” said Tune.fm cofounder Andrew Antar in a statement. “Our unique business model is only now possible with the fastest and most secure distributed ledger technology available today from Hedera Hashgraph, which powers the Jam token. Jam is the cryptocurrency for the global music economy on our platform. When the music gets played, the artist gets paid.”

 

JAM . Token Ecosystem Incentives

JAM is a non-refundable functional utility token that will be used as a medium of exchange between participants on
Tune.FM in a decentralized way. The purpose of introducing JAM is to provide a convenient and secure mode of payment and settlement between interacting participants within the ecosystem on Tune.FM, and is not, and is not intended to be, a medium of exchange accepted by the public (or any part of the public) as payments for goods or services or for the settlement of debts; nor is it designed or intended to be used by anyone as payment for any goods or services not provided exclusively by the publisher. The JAM token solves the problem of micropayments in the music industry. Leveraging cryptocurrencies and distributed ledgers technology, the JAM token enables a direct symbiotic relationship between artists and fans, without the need for intermediaries to collect licensing fees for streaming and distribution.

JAM also provides economic incentives that will be distributed to encourage users to contribute and participate in the ecosystem on Tune.FM, thus creating a mutually beneficial system. where each participant is fairly compensated for his efforts. JAMS is an integral and inseparable part of Tune.FM, because without JAM, there would be no incentive for users to shop for resources to participate in activities or provide services to benefit from the entire ecosystem on Tune.FM. Given that Additional HOURS will be awarded to users only based on actual usage, activity, and contributions on Tune.FM, Tune.FM users and/or JAM holders who do not actively participate will not receive the JAM incentives.

The JAM token creates a global music marketplace and ecosystem where artists can be paid in cryptocurrency for every second hi-fidelity streaming and downloads of their music. Fans can earn cryptocurrency by listening to desired tracks by promoting artists and labels, as well as reviewing songs and albums. They can then spend those JAM tokens by listening to the music of the artists they like. After n streaming, fans will automatically unlock song ownership, which includes unlimited free streaming and unlimited hifidelity offline playback.

Tokenomics


JAM Allocation

Roadmap

  • NFT MINTING SERVICES & AUCTION MARKETPLACE
  • NFT DROP CAMPAIGN MARKETING ENGINE
  • ON-SITE FIAT ON-RAMP AND OFF-RAMP WITH MOONPAY
  • MORE EXCHANGES AND 3RD PARTY WALLET INTEGRATIONS
  • INTEROPERABILITY BRIDGES FOR ETHEREUM AND POLYGON
  • DECENTRALIZED EXCHANGES AND TOKEN SWAP LIQUIDITY POOLS
  • LIVE SOCIAL AUDIO FOR LIVESTREAMING AND JAMMING
  • MIND-BENDING MUSIC VISUALIZER WITH VR
  • NFT PLAYLISTS AND ALGORITHMIC PLAYLISTS
  • INTELLIGENT RADIO THAT KNOWS YOUR MUSIC TASTE
  • LIVE DJ ROOMS AND LISTENING ROOMS WITH JAM REWARDS
  • GAMIFIED NFT BADGE REWARDS FOR CREATORS & CURATORS
  • JAM MARKETING ENGINE FOR VERIFIABLE 1ST TIME LISTENERS
  • NFT TICKETING FOR VIRTUAL AND/OR IN-PERSON LIVE SHOWS
  • PHYSICAL MERCH STORE WITH NFT TAGGING FOR PRODUCTS
  • TOUR PLANNER AND GIG-BOOKING TOOLS FOR ARTISTS
  • MAJOR LABEL AND INDEPENDENT LABEL LICENSING INTEGRATIONS

Contact Information

Author:

Bitcointalk Username: alfan5066

BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3389426

Telegram Username: @alfann22

Hedera Account ID: 0.0.587599


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