Some various sectors that blockchain has made impact area the health, agriculture, shipping, commerce, finance and so much more. This discussion is going to focus on yet another great area where blockchain seeks to address a huge problem and that is the music entertainment industry. This industry has an awesome number of people actively engaged. Anyways, who does not love music? There other side is that both creators of musical content and their consumers have been suffering for long. In fact, they have been cheated for long and they need a liberation. That is where the Muzika initiative come sin.
Before we continue, let us look at some of the problems in this sector. A high number of centralized activities particularly related to distribution of content, and interference of intermediaries are just a few of the problems. In addition, musical content creators get poor remuneration for their hard work thereby making the distributors enjoy majority of the benefits.
The above mentioned problems are some of the reasons why there is the need for a revolution in the music industry using blockchain technology. That is where Muzika comes in. The main motive of the Muzika initiative is a future where compensation for a musical creation will be proportional to the effort and dedication put into the creative process, and that is by the creators of the content. Current solution is by moving the power towards a more decentralized manner-this helps in giving power back to the ordinary content creator. Read more from the whitepaper: .
Muzika can also be contacted through Facebook, Twitter, Reddit, Telegram.
Ideally, the music industry is one of the largest industry in the world with a god market capitalization. Activities such as streaming and downloading are good income generating ventures in the musical industry. You can get in touch with Muzika through Facebook](https://www.facebook.com/muzikanews/), Twitter, Reddit, Telegram.
THE MAIN ROLES MUZIKA WILL PLAY
Muzika shall operate on some major principles to ensure the platform becomes a reality. This shall ensure the full realization of the Muzika theory. Some two major principles amongst the any solutions are:
a. Decentralizing distribution of power and
b. Eliminating economic inequalities widespread in the industry
VALUE GENERATION IN THE MUZIKA TOKEN
The value of the token will stem from the value generated form the project or platform itself. When adoption increases and many people come on board, Muzika shall then transfer this reputation furthermore into the token, and this shall be a natural occurrence. Apart from that, the value of the token shall also be derived from a true use case of the tokens. The Muzika ken shall serve some functions such as:
A medium of exchange for the many economic activities on the platform- community building, sponsorship, purchasing commercial items, and community programs alongside many other benefits.
Muzika shall also ensure the ability to convert some loyalty points gained on the platform into the tradeable tokens. This is more like get paid by doing so many different things on the platform. Check it out in the picture below
Muzika is a great platform for music lovers and musicians. It is a revolution that seeks to make sure you get rewarded for doing the great things you have been doing always. Get involved with this and enjoy greatness.
Find out more about Muzika by getting in touch below:
Website: https://www.muzika.network/
Whitepaper: https://www.muzika.network/assets/mzk-whitepaper-en.pdf
Twitter: https://twitter.com/muzika_official
Telegram: https://t.me/muzika_english
Facebook: https://www.facebook.com/muzikanews
BITCOINTALK PROFILE NAME: DEWI08
WALLET ADDRESS (ETH): 0x53D1Ea8619E638e286f914987D107d570fDD686B
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