MAKING MUSICIANS GAIN THEIR FULL REWARD FROM THEIR MUSICAL CREATION

I am glad to live in this era and I really appreciate the efforts of people who have already done so much to contribute to improvements in technology; the benefits of which we are utilizing now and appreciate the technology itself, which allows us to present our ideas, and their transformation into a working product, to you.

Cryptocurrency is a revolutionary idea taken birth in the form of Bitcoin. It has now expanded to various genius ideas; providing opportunities to people, improving the business ethicality, making the concept of “The World as a Global Economy” a truth and much more.

WHAT IS MUZIKA?

Muzika revolutionizes the music industry by establishing a self-sustaining and righteous digital music ecosystem that will (1) eliminate unnecessary intermediaries, (2) empower musicians and consumers, (3) decentralize distribution power, and (4) restore the balance of economic distribution among market players. Muzika holds the promise of a future where compensation for a musical creation becomes proportional to the effort and dedication put into the creative process.

PROBLEM

• More money inflows into music while less money is outflowing to artists: More people are paying for music, and the music industry is seeing more cash flow, but a lower percentage is going to musicians as many realize only 10~20% of the sales of their music.

• A minority of players are taking a majority of the returns: Distributors and publishers are enjoying excessive and long-lasting returns for carrying out what is in many cases a one-time, unsophisticated task; they almost always realize more profit than musicians themselves.

• Outstanding issues of piracy: Rampant copyright issues remain unresolved. Digital piracy is a chronic issue in the music industry. Our conscience may not be at stake, but musicians have financially harmed as their minuscule returns from their creations shrink even further as a result of piracy.

• Listeners’ very limited roles: The majority of fans and listeners are pigeonholed as ‘consumers’ as they do not and cannot take any steps forward to get involved in the creative process of a musical product. This is another reason why labels, distributors, and platforms have been able to continue to exploit excessive returns.

Musicians have ached for so abounding years now, they don’t accretion the abounding accumulation from the auction of their music distinctively the up advancing artist. For instance if adolescent artists are advancing up in music industries they will be attending for whom to sponsor them in their music, on the action of searching for whom to sponsor them in their music career they will access an arrangement with the sponsored or the almanac labels they are into on how to allotment the accumulation accretion from the auction of their music and this we advance to beneath money to the musician.
Streaming of video online accepts so bound musicians from earning their abounding accumulation in the conception of their music. For instance, my acquaintance was an alive video on youtube and the video took up to 1 hour and 53 accounts to finish, and the money we go to the alive website instead of the money traveling to the artist.

SOLUTION

Thank God to this wonderful project “Muzika” with their great ideas of cutting out this serious problem in the musical world.

Muzika firmly believes that the solution lies in the establishment of a self-sustaining, symbiotic music community in order to move the current power structure towards decentralization. We will create a new digital music ecosystem that can autonomously achieve repeated cycles of production and distribution, and allow for the consumption of musical creations, as well as reform the digital music industry’s income distribution hierarchy.

Muzika Ecosystem

• To create a self-sustaining, righteous digital music ecosystem that will provide a much-needed update to the framework of today’s digital music industry by (a) decentralizing distribution of power and (b) eliminating economic inequalities widespread in the industry

• To promise a future where economic compensation for a musical creation is directly proportional to the efforts and interests contributed by those involved in the creative process.

• To provide fans and listeners with opportunities to expand their roles in multiple stages of a musical product’s lifecycle.

Reformation of the distribution structure in the Muzika ecosystem

With muzika ecosystem will be able to perform that intermediaries performed like distribution, production, and platform. And achieve a medium where artists will rightly gain the full profit of the creations of their music. The ecosystem we also enable fans as consumers to expand into all stages of a creation lifecycle ranging from sponsorship, production to consumption.

TOKEN INFORMATION