MUZIKA | TRANSFORMING THE MUSIC WORLD THROUGH BLOCKCHAIN

adulojuclara (30)in #blockchain • 6 years ago

What is Muzika?
Muzika’s digital music ecosystem will function as a channel for distributing and publishing music content while providing fair compensation to artists. Fans will also get to partake in all stages of a song’s lifecycle, ranging from sponsorship and production to consumption.

MZK tokens can be obtained by participating in Muzika’supcoming ICO, or by purchasing the token on cryptocurrency exchanges. They can also be mined through active, loyal participation in the community. MZK is an ERC20 token built on top of both the Ethereum and Ontology blockchain network.

Muzika Challenge
Nowadays, musicians and fans are the real value creators in the music industry, but somehow they are not properly rewarded for their value creation.
Everyone listened to music, many paid for music, but artists did not make money.

Fans still play the role of consumers, although we are the ones who really create superstars!
We devote time and energy to communicate, create cover songs, spread the word and even write novels for our favorite artists, but there is no reward for effort and dedication.

Intermediaries (distributors and platforms) are making an excessive profit for one time and unsophisticated tasks of ‘transferring’ the ready-made values.

Muzika Ecosystem
Muzika will bring innovation to the value chain in the digital music industry. Muzika will reform how value is created and captured by various players within the industry. We will return rewards to those who create the value, from those who merely transfer the value, while recovering the share lost from digital piracy through blockchain technology. Muzika will create an autonomous, self-sustaining ecosystem driven by artists and their fans in tandem, where compensations and rewards will become proportional to the level of devotion put into musical creations and ecosystem behind them.

Reformation of the distribution structure in the Muzika ecosystem
The smart contract will allow digital musical products to be transferred directly from artists to fans, ensuring fairer and more transparent economic distribution.
Fans will be rewarded with loyalty points for their various community activities, which will be regularly converted into MZK coins — the sole medium of exchange for all economic activities in the ecosystem.
Fans will have opportunities to make direct sponsorship to their favorite artists, supporting them and receiving exclusive benefits in return.
Muzika’s digital music ecosystem will function as a channel for distributing and publishing music content while providing fair compensation to artists. Fans will also get to partake in all stages of a song’s lifecycle, ranging from sponsorship and production to consumption.

Muzika overview ecosystem
The MZK Coin
Muzika coin(MZK) was deliberately designed as the backbone of this new ecosystem. The team has analyzed both successful and failed cryptocurrencies, past and present, and established a clear vision of what is necessary to make this project a success.

MZK will serve as the sole medium of exchange for all economic activity within the ecosystem including trades and sponsorship, all while assisting growth via a few free services targeted at community novices.

diagram coin
4 major functions
Community Building
Commercial Items
Sponsorship Opportunities
Community-wide Programs

ROADMAP
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Conclusion
Muzika will create an autonomous, self-sustaining ecosystem driven by artists and their fans in tandem, where compensations and rewards will become proportional to the level of devotion put into musical creations and ecosystem behind them. With a team of highly talented and experienced founders and developers, Muzika is well equipped to solve these challenges and finally disrupt the stagnant yet increasingly valuable digital music industry.