What is Mozik (MOZ) | What is Mozik token | What is MOZ token
In this article, we’ll discuss information about the Mozik project and MOZ token
MOZIK (MOZ) seeks to create a global online music platform based on blockchain, build everyone’s bridge to the world of music and let music inspire dreams to create value._
By using blockchain, Mozik aims to help cultural and creative content platforms and network we-media realize monetization of flow, to bolster IP value growth and content innovation, and achieve a diversified cultural and creative ecology.
Introducing Mozik
Mozik seeks to utilize blockchain to help increase efficiencies in the online music industry, improve transparency and reduce transaction costs.
1. Copyright protection — Mozik decentralizes copyrights through the blockchain using NFTs, which can be used for copyright confirmation and infringement monitoring
2. Trading of music derivatives — These decentralized IPs can be traded, creating a derivatives market around it
3. Integration of music and capital — By issuing a token asset for IP, innovative financing methods become available
Music Industry Pain Points
1. The Majority of Artists Make Very Little Money
The majority of music artists are willing to play the long game, believing it will ultimately pay off. Unfortunately for those looking to build a career by releasing original music, it is not a guarantee that things will develop financially.
Music is everywhere and consumed more effortlessly than ever before. With this, there are a growing number of new opportunities and prospects for musicians every day. Everything grows fast in the music industry.
So why are musicians struggling to make money from it? If the Internet is the revolution it is portrayed as being, why aren’t artists profiting from these changes?
A recent study by Citigroup stated that artists only gained 12% of the $43 billion generated through the music industry in 2017. The stats prove that while the overall industry is still profitable, its main actors, the music artists who contribute their talent, are left without.
This fact is restated by the stats of how much profit music artists make on the biggest music streaming platform — Spotify. The company pays rights-holders between $0.006 and $0.0084. per play. To earn $1000 every month, an artist needs to be listened to at least 120,000 times. Moreover, this applies only if the artist is the only rights holder of the track, which is rarely the case.
2. Long-Term Deals are now a Relic of the Past.
Previously, up-and-coming musicians had far more time to grow, experiment, and even experience failure before getting a break. A record label would sign a few releases, and during that time, the artist had the opportunity to mature. At present, the music industry demands a finished track.
Additionally, because money wasn’t as big a problem back then for music, music studios and labels sometimes bet on outsiders and innovators. That’s how we’ve come to know people like Frank Zappa.
3. Industry Monopolies and Paid Promotions
Just like what happens in any market dominated by a small number of key players, the music industry remains a difficult sector to get into as an “outsider.”
The Internet has democratized entry and distribution to the masses as illustrated by the rise in popularity of SoundCloud rappers and runaway streaming hits. Despite this, however, gaining popularity and success still remains very much a thing of luck, opportunity, and extraordinary marketing.
How Will NFT’s Disrupt the Music Industry?
NFT’s are stored on the blockchain similar to cryptocurrencies such as Bitcoin and Ethereum. NFT’s are unique, however, in the way that two digital objects may never be identical. An NFT can consist of images, music, art pieces, GIFs, and even physical items.
Before COVID, the majority of music artists gain profits from touring, ticket sales, and merchandise. Now, NFTs are being considered a means of bridging this gap in income. For example, pop musician and visual artist Grimes sold a series of digital art NFT’s. Her digital art collection sold for a total of $6 million.
NFT’s have the potential to entirely change the way the music industry works, giving the power into the hands of the creative artists who drive the industry. This will allow artists to directly showcase their work on the blockchain, eliminating the need for expensive marketing.
Artists have the potential to provide exclusive music videos, behind-the-scenes information, and album art. Moreover, they can always release their albums as NFT albums.
Mozik, a Music NFT platform
Mozik is a decentralized music NFT platform aiming to build a healthier and fairer music ecosystem.
Through the decentralized NFT platform, Mozik adopts blockchain technology to register earnings through music copyright, super-star IP, celebrity traffic, and IP derivatives on chain. All the participants in the music ecosystem, including creators, publishers, customers, and fans can fairly participate. Through Mozik’s platform, artists will be incentivized to create more and better quality music. With lowered publishing cost and higher engagement from music fans, all participants can share in the rewards, and create a healthier and fairer music ecosystem.
As the music industry continues to be dependent on streaming services and other forms of revenue generation, it is only fair that artists should be profiting too.
Decentralized music platform
- NFT Innovation: The blockchain reduces the threshold of the issuance and Innovation of music assets. Anyone can participate in Mozik’s economic ecosystem. Participants enjoy music and realize value at the same time.
- Promotion and Consumption: Mozik leverages blockchain technology to promote music and boost music consumption.
- Incentives : Blockchain technology motivates musicians to create music IP with high value, and Mozik protects the IP asset and shares value for the creators.
- Community Economy: Mozik fans actively participate on an in-depth level in the music blockchain ecosystem. These fans are consumers and community builders, and they share the economic rewards of the community.
Technical Innovation
- **IP Copyright Protection **
- Blockchain technology locks in the real-time benefits of IP and creates a protection system recognized by law.
- **IP Asset Management **
- The technology supports the proprietary multi-lock mechanism. Through DCPP and CTPP, the platform can achieve the management, storage, authorization, and trade of the IP copyright on the chain.
- **IP NFT Release **
- Through decentralization, music copyright, fan traffic and star IP are distributed on the chain in an innovative way, which are. further distributed and exchanged as valuable assets.
Features
- Music sharing: Creators uploads works. Anyone can share music, listen to music, subscribe to music.
- Social Fans: Music fans communicate online and offline through the platform and contribute to the traffic value. The platform traffic value is shared among everyone through the blockchain.
- IP NFT: The released music is issued as a type of blockchain NFT asset. Mozik provides copyright asset protection and authorization functions. Creators, fans and Mozik together manage and share assets through smart contracts.
- Digital Assets Exchange: Mozik wallet realizes NFT asset issuance and management function. Mozik provides asset exchange through built-in functions.
Key highlights
Key highlights
Key Token Metrics for MOZIK
Key Token Metrics
Detailed metrics will be shared in a GS Research Report with the community
How and Where to Buy Mozik (MOZ)?
MOZ has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MOZ token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase MOZ from the exchange: MOZIK GenTicket Whitelist
☞ https://docs.google.com/forms/d/e/1FAIpQLSfObF3Oq653e3Y88bCPqhKLBU-wJfwRV1jPUvzWUgRDZNwVYg/viewform
The top exchange for trading in MOZ token is currently …
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MOZ gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information MOZ
☞ Website ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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