• Mon. May 20th, 2024

Melodity – A Web3 Ecosystem for the Music Industry

To fully unleash creativity with P2E, L2E, NFTs and Metaverse.

Verona, Italy, Jan. 03, 2022 (GLOBE NEWSWIRE) — (via Blockchain WireMelodity is taking the music industry one huge step further towards the decentralized creator economy and has started to build Web 3.0 monetization infrastructure to support music artists in completely new ways.

To do so, Melodity is building a premier ecosystem, the “DoEcosystem”, that consists of play-to-earn (P2E), listen-to-earn (L2E) and Metaverse based on a proprietary blockchain that will empower opportunities for music artists, professionals, fans and music lovers. Three of the integrated platforms are DoMeta, DoDuet and DoMart.

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DoMeta is an almost completely music oriented metaverse, where users can enjoy their time playing, learning, creating and interacting with each other or participate in live events. It intends to draw the music and gaming community by combining DeFi, blockchain technology and NFTs — as well as a play-to-earn model (P2E) — into one unique package.

DoDuet platform, with a listen-to-earn model, will create an innovative experience like no other. It is in fact a user-friendly contest platform that gamifies Music and provides visibility and an easy-access prize pool for artists. It will reward participants in the contest just by listening to tracks and voting.

DoMart, the NFTs marketplace platform, will provide not only songs distribution, but also a full bunch of possibilities for selling, buying, licensing and managing composite music NFTs.

The ecosystem will always be a place where creativity grows in endless ways. The main goal is to allow music artists to maximize their incomes and visibility by creating and offering them advanced instruments for managing their own art.

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Melodity wants to become the benchmark of the music industry in this new era contrasting old dynamics by providing a new home for artists where they can earn up to 90% of the income from their creations. Simple yet strong business models are the company’s differentiating characteristics.

“With an ambitious purpose, Melodity is a protocol designed with the idea at heart to give freedom and new means to all music artists so that they can unlock the full potential of their music.” — comments CEO Rolen Guzman.

Melodity token

Melodity token (ticker $MELD) is a DeFi token hosted on the Binance Smart Chain (BSC). It is the store of value for the environment that acts as a share token and is in the early stages of launch.

The Melodity project was born of the passion of founders in helping to relieve the challenging financial circumstances of independent music artists. As ex amateur musicians, the founders witnessed first-hand how some of their friends struggle to generate income or returns on their art.

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Kevin Moore - E-Crypto News Editor

Kevin Moore - E-Crypto News Editor

Kevin Moore is the main author and editor for E-Crypto News.