sabqie: Muzika platform

The Muzika platform will revolutionize the production, distribution and consumption of digital music. With the support of Ontology (one of the famous and respected blockchain projects in the crypto community), Muzika will be able to introduce blockchain technology on its platform and build an integrated platform that aims to connect artists and fans directly so as to increase the profits of artists and fans rewarded for participating in community activities such as consumption | share | brainstorming in music creation, thus creating a more interesting way for fans to connect with artists and vice versa.

The Muzika platform will also help maintain the creativity of artists. Protecting all elements of an artist's creative work from being leaked online before the release is the main focus for the record company. Criminal organizations seeking profits from illegal registration before being fully prepared to be released endanger the work of artists.

The use of the blockchain platform will save music related content and information (eg artists, dates) to be stored safely on the blockchain and share music safely, and ensure only approved recipients access it.

The music industry's total revenue for 2017 is still only 68.4% of the market peak in 1999. The global music market has experienced a significant decline in revenue for 15 years, record companies are working hard to spark new life in the music industry and try to utilize new technology | digital innovation to enrich the fan experience.

To encourage sustainable growth in the music market, we need to create an attractive way for fans to access music on various services / platforms and resolve issues of copyright infringement, by ripping flows that appear as the latest problems facing the music community.

One of the 'Muzika' companies from South Korea is on track to revolutionize the music industry whose vision is supported by Mapia, a leader in digital music communication and collaboration platforms. The team behind Muzika has a successful startup history and good entrepreneurial skills that were awarded Forbes 30 Under 30 Asia in 2018. The project received financial support from many venture capital such as NEO global capital and partnered with projects such as Ontology. The use of blockchain technology will help change the incentives that exist in the industry, thus reshaping the entire music industry. This system allows all participants, including fans, to make a profit.

At present, most blockchain projects face the challenge of lack of utilities or building ecosystems that will utilize the platform. Unlike other projects, the Muzika ecosystem will have 17,000+ artists from 30+ countries to provide content and 2,000,000 users from 150+ countries to consume content and support artists in community activities.