Vinyl, cassettes, CDs and streaming – that’s the general journey consumers take when it comes to the music industry, that is, until Web3 was born. As leading artists such as Nas, Snoop Dogg, and Dolly Parton have already showcased, blockchain provides an entirely new way for consumers and most notably how they interact with their favorite artists through real ownership of songs.
With this in mind, such a community-oriented ethos is a new music NFT platform He called to reveal TokenTraxx, a Web3 space emphasizing the three most important C’s of the music industry – creators, curators and collectors.
TokenTraxx is on a mission to develop and democratize the tastes of music by providing an NFT-driven platform that prioritizes the interests and financial benefits of the entire community. To kick things off, the platform is the platform for upcoming singer-songwriter, producer and max Rad, is preparing to release their new single on the TokenTraxx music market as an NFT collection.
Dream Big NFT EP
Full of deep and emotional lyricism, Rad’s NFT edition is a four-track EP called ‘Dream Big’. Each of the songs; Let Me Think About It, Hold Fire, Dream Big and Joy Wonder are from the upcoming album ‘Joy Wonder’.
Each track comes with 50 limited edition NFTs that include live artwork and access to previously unreleased related songs; this means that in total there are 200 digital assets available. Printable for each NFT 77 $MATIC (about $50) and owners of all four NFT tracks can join a fan community with access to benefits like meet-and-greets, secret live stream concerts, and VIP production music masterclasses.
As mentioned earlier, TokenTraxx aims to be a music hub where all creators, curators and collectors can benefit financially, musically or socially. To manage such a reward system, the platform has launched 10,000 assets ‘Guest list’ NFT collectionalso local and exchange token $TRAXX.
With a supply of 350 million, the platform aims to leverage creators, curators and collectors to leverage TRAXX$ to expand its rewards program (which distributes to members every four weeks based on a number of variables). , copyrights, streaming and more.
The $TRAXX token is also a three-tier award initiative winners will have the chance to participate in awards, NFT and $TRAXX airdrops, discounted concert tickets, early access to artist NFT drops, nominate artists for promotion on the platform, festival tickets and mentoring studio sessions, and award ceremonies. , and VIP events with founders.
The platform is currently in beta and its full launch will occur later this year. To facilitate full launch, various other TokenTraxx developments TraxxStemz NFT launch will take place in the coming months, including the launch of the marketplace and auction site, and the opening of the TokenTraxx Innovation Studio.
Such initiatives will be made possible by the platform’s partnerships with Zilliqa, SORS, Polygon, and more.
The TokenTraxx team is as follows: doxxed as you can get. It was spearheaded by the ‘Originators and Founders’ duo, who have worked with the likes of Kanye West, Jay Z and Beyonce, and have also worked in the music and tech industries for over 20 years.
31 members listed TokenTraxx team it comes with a range of experiences from various backgrounds. However, each member’s expertise and passion is also tightly related to the music industry, blockchain, technology or perhaps all of them.
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