It is clear for everyone that we are facing huge change in music industry. The numbers of sold CDs are dropping and this trend will continue. Digitization of music is inevitable and for now the only substitute for previous media like cassettes or CDs is streaming on different platforms. Easy access, range of music and monopolistic status is what makes streaming services so popular. But the access to the music is only in a rental form of a subscription. What we offer is to bring back the OWNERSHIP of the music to the listeners who are the customers and consumers of the music and everything around it.
What is crucial for the users is the fact that buying an NFT Album (for a regular price of a CD) gives him a right to own that music, just like a CD, with a Blockchain technology as a proof of the ownership.
A consumer is spending the same amount of money but the music he or she owns will not perish, unlike the streaming platform, when the subscription will expire. This allows users of our platform not only to listen to their favorite artists, support them by buying their albums, but also resell it in the future just like any collectible or valuable CD.
From the artists’ perspective, this allows for next level distribution of their music in a digital realm. Many of their followers that are not eager to buy the physical music albums in a form of CDs, simply — because they do not own a CD player, are eager to have their digital NFT Albums with their unique right to ownership of that particular album.
