Mozik

Through the decentralized NFT platform, MOZIK adopts blockchain technology to register on the chain the earnings of music copyright, super-star IP, celebrity traffic, IP derivatives. All the participants of the music ecosystem, including creators, publishers, customers and followers can fairly participate in the music economy ecosystem. Through MOZIK platform, more and better quality of music assets will be incentivized to create. The publishing cost will be lowered. The engagement from the music fans will be much higher. All the participants can share the rewards, resulted in a healthier and fairer music economy ecosystem.

Mozik (MOZ) is a decentralized NFT music platform that aims to create a healthier and fairer music ecosystem.

The decentralized NFT platform Mozik uses blockchain technology to record revenue from music copyright, superstar IP, celebrity traffic, and on-chain IP derivatives. All members of the music ecosystem, including creators, publishers, customers and fans, can participate fairly. The Mozik platform will enable artists to create more and better quality music. By lowering publishing costs and more involved music lovers, all members can share the rewards and create a healthier and fairer music ecosystem.

As the music industry continues to depend on streaming services and other forms of revenue generation, it's only fair that artists should make a profit too.

A Brief History of NFTs in the Music Industry

Non-Fungible Tokens (NFTs) are the hot new thing in the music industry. These tokens are fundamentally changing the revenue streams in the ecosystem. Many artists have already started auctioning new releases or digital collectibles using NFTs. Due to the decentralized nature of the blockchain, anyone with a crypto wallet can buy or sell NFTs. This allows artists to reach their audience directly, eliminating the middleman. It has become a new and much needed source of income for artists during this pandemic.

Starting in December 2020, several artists have joined NFT and sold various physical and virtual assets.

1. December 11, 2020 - Deadmau5 released his first batch of NFTs containing animated stickers, virtual trading cards and other miscellaneous digital collectibles called "RAREZ". The fall generated about $100,000. A couple of days later, he auctioned off a single copy of the space-themed audio-visual work In Titan's Light, which raised a total of $80,000.

2. February 26, 2021 - Shawn Mendes entered the NFT space as the first major pop star. He partnered with Genies to auction off an exclusive line of digital wearables for fans to complete their digital avatars. The fall generated $600,000 and all proceeds reportedly went to the Shawn Mendes Foundation.

1. March 17, 2021 - Halsey, the singer-songwriter, is auctioning off some hand-drawn characters she created as part of a collection called "People Disappear Here."

2. March 26, 2021 - Gorillaz announced that they will be selling a series of plastic toys and collectibles in partnership with Superplastic. It didn't go well as fans were concerned about its environmental impact.

1. January 27, 2021 - Electronic music giant Monstercat has put up for auction an audiovisual collection with the soundtrack created by "Varyen", raising $500,000 in NFT sales. Each NFT cost between $350 and $450 and the entire series sold out in two minutes. Shortly thereafter, a second batch was released in the form of a constellation-themed package, which ran out of stock in a matter of seconds.

2. February 8, 2021 - Linkin Park's Mike Shinoda debuted in the NFT space with a 37-second animation titled "The 100th Stream". The auction sold $30,000. Proceeds were donated to the Michael K. Shinoda Scholarship.

3. February 27, 2021 - Reggae star Ozuna has created five digital versions of teddy bear-themed digital collectibles to sell as NFTs. Each item contained 15 exclusive videos with 19 seconds of music. A collection called "Ositos" was sold for $75,000, with each token selling for $5,000.

4. February 28, 2021 - Grimes has several items up for auction, including unique artwork and digital collectibles. The most expensive item sold is a biblical-themed video called "The Death of the Old Men". The background score is Grimes' original, and the footage grossed $389,000. In general, the auction brought in 6 million dollars.

5. March 3, 2021–3LAU sold 33 NFTs of their three-year-old album "Ultraviolet" along with a few other goodies. The auction raised $11.6 million.

6. April 15, 2021 - Mick Jagger, along with Dave Grohl, released surprise album "Eazy Sleazy". A few days after the track's release, Jagger announced that Berlin-based 3D artist Extraweg had turned the track into a digital animation marketed as NFT. He has raised $50,000 for music-related charities.

Mozik (MOZ) is a marketplace through which artists and fans can connect using Ethereum smart contracts. Thanks to the decentralized MOZIK platform and blockchain technology, artists can now crowdfund their projects, and fans can become investors and active participants in the music creation process. The best part is that there is no third party involved. MOZIK's proprietary Multi-Lock mechanism and the nature of the blockchain ensure that all subsequent transactions between performer and listeners are secure and profits are maximized for all parties.

All you have to do as a listener is subscribe to your favorite artists and MOZIK takes care of the rest. The more people listen, the more the contract/NFT is valued by the artist. In turn, as a listener, you may also receive a fee because you are also a party to the contract.

Since most of the proceeds generated from the initial NFT release go to the artists, they can continue to fund their projects and produce high quality content for their fans. This model has the potential to revolutionize the music industry, especially for independent artists.

When live performances are allowed again, artists will also be able to fund small gigs or concerts. This is especially attractive to independent and emerging musicians. They can set up a limited number of tickets as NFTs and sell them at a certain price or auction. Through the NFT, artists can also bundle exclusive content as an incentive for their fans.

Issuing tickets on the blockchain also provides a number of advantages. Bookings can be managed using smart contracts, which will be executed automatically only when contractual obligations are fulfilled. For example, an artist can set a minimum number of tickets that must be sold before a performance begins, or funds deposited on the blockchain are only released to the artist when the concert has actually taken place. All this can be automated without the use of a bank or any financial intermediary.

As for the NFT itself, it will be a memento for an exclusive concert or to show off your right to discover a new artist. In addition, artists may decide in the future to provide their loyal fans with these NFTs with additional benefits or VIP access.

The decentralized nature of MOZIK's crowdfunding model rewards creative products from artists and musicians and provides them with additional revenue streams.

Buying an NFT is like investing in the stock market. MOZIK allows you to become a shareholder in an artist's career by buying their art as a visible asset. This asset will rise in value as more and more people become interested in the artist's work. This encourages musicians to go above and beyond when it comes to their art. At the same time, fans will be able to enjoy the music of their favorite artists and earn money at the same time. The MOZIK platform is truly a win-win for everyone who loves music.