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Author Topic: ANN [ICO] [VZT] Vezt - Blockchain-secured Music Monetization Platform  (Read 9687 times)
vezt
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September 19, 2017, 04:49:03 PM
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    Introducing Vezt!

    Invezt in your playlist!™

    Vezt lets music fans share ownership with artists in their favorite songs!



    Introducing VZT, the token that will power the platform!

    VZT will be available for purchase beginning on Friday, November 3, 2017 at 0400 UTC with a Token Generating Event (TGE) open to non-US purchasers only. Please note that VZT are utility tokens for use on the Vezt platform and are not securities.

    Important Update: Please see this post for a link to important updates on songs we've acquired from Kanye West and JAY-Z, executive hires, new investment, and more.



    Join Our Mission to Transform the Music Industry!
    "We believe that music is one of the few mediums that can literally transform life. It can provide solace and comfort to those hurting or in need, joy and excitement to an experience or event, and even has the ability to transcend time and space with the emotional nostalgia that hearing a favorite song can trigger in one’s mind. It’s powerful and magic and we think it’s worthy of our efforts to provide its creators with the ability to be fairly and transparently compensated for their work and talent." - Co-founders Steve Stewart and Robert Menendez

    Want to Get Involved?



    Watch the Co-Founders on Cheddar
    Watch our co-founders Steve and Robert explain Vezt in this 8:25 clip on Cheddar


    How Vezt Works
    See Vezt in action!


    • Fractional song monetization for artists through Initial Song Offerings (ISO™)
    • Social media sharing of both artist and rights-buyers activity and playlists
    • Royalty tracking and collection in 137 countries around the world
    • Allows fans, rights-buyers and brands to buy rights across a wide variety of songs and playlists

    Vezt lets artists choose which portions of their songs to offer for sale to fans, friends, rights-buyers and brands in a monetization process called an Initial Song Offering™ (ISO). On the back-end, Vezt provides tracking and royalty collection on all ownership interests through its blockchain-based smart contract technology. Earnings are received quickly and transparently.

    Here’s how an ISO works:
    Please see this blog post for details and infographic
    • Artists select a song and choose the ISO date, how much of their rights to raise (ex. $10,000 for 10% of their songwriter rights), and the reversion term (3 years, 5 years, 10 year, or in perpetuity).
    • Rights-buyers on the Vezt platform (including fans, music professionals and brands), buy the rights during the ISO. The artist receives the funds immediately.
    • The song rights information is encoded on the Vezt blockchain and royalties are collected from both Performing Rights Organizations (“PROs”) in 137 countries around the world and STEM.is, a service which aggregates digital performance royalties from streaming services such as Spotify, iTunes, YouTube, Pandora, etc. Vezt registers the rights with PROs and digital platforms, and pays them through to artists and rights-buyers.
    • Please see this blog post for details and infographic.



    About Vezt and the Team
    Vezt Inc. is a Delaware state domiciled C corporation, headquartered in Los Angeles, CA. We incorporated in early 2017, and have received pre-seed funding from venture capital firms and individual rights-buyers, including Binary Capital and Global Trust Group. We have opened offices in Los Angeles, CA and Atlanta, GA.
    Vezt was cofounded by Steve Stewart and Robert Menendez (see their bios under “About Us”). We have assembled a talented team of engineering and design teams with deep backgrounds in blockchain, UX/UI, and design. In addition, we have tapped a number of successful and highly experienced advisors for their expertise and input. All are working in concert to build the most robust and successful platform possible.

    Meet our team and advisors!



    Technical Details for Token Generating Event

    • Start date: Friday, November 3 at 0400 UTC
    • ERC20 Token (Ethereum-based)
    • Maximum hard cap of $15MM USD
    • Tokens are issued and transferable by buyers, after completion of the TGE and token audit
    • Escrow in an Ethereum multisig 3/4 wallet
    • Token name: Vezt
    • Token symbol: VZT  
    • 100% of each TGE purchaser’s VZT tokens can used on the platform to purchase song IP, after the launch of the platform
      Funds will be used to further software development (including back-end API and blockchain development and integration, node development and integration), international expansion, marketing/business development, legal /accounting, operational expenses and customer service costs
    • Token allocation (estimated): 50% sold in Private & Public Token Generating Event, 35% held by Vezt Inc. for platform development, 10% reserved for partnerships, marketing & PR, etc., 5% for Advisors & Consultants



    Bounty Opportunities!



    Frequently Asked Questions

    What is Vezt?
    Vezt is a company building an app-based platform that lets artists offer percentages to the rights of their songs for sale to fans, friends, rights-buyers and brands. Vezt plans to track and collect royalty income via its blockchain-secured, app-based platform starting in Q1 2018.

    What is Vezt's mission?
    We believe that music is one of the few mediums that can literally transform life. It can provide solace and comfort to those hurting or in need, joy and excitement to an experience or event, and even has the ability to transcend time and space with the emotional nostalgia that hearing a favorite song can trigger in one’s mind. It’s powerful and magic and we think it’s worthy of our efforts to provide its creators with the ability to be fairly and transparently compensated for their work and talent.

    Our mission is:
    • To provide artists with an equitable and transparent platform to easily and quickly monetize new or existing songs
    • To allow fans, friends, rights-buyers and brands to partner with artists on a song-by-song basis, sharing directly in whole or fractional IP ownership
    • To create a true marketplace for songs, where tracking and collection of royalties and licensing income is transparent and in real time
    • To deliver to artists the opportunity to make a living from the fruits of their work, without unnecessary impediments that keep them from focusing on what truly matters - their music
    • To strengthen the relationship between artists and those that appreciate their music, in a meaningful way, where a true partnership can be formed and mutual benefits derived

    What are the problems Vezt aims to solve?
    Today’s music industry is fragmented, leaving most artists with few options to generate real income growth.
    • Record labels and music publishers are only focused on a few blockbuster releases.
    • Both developing artists and successful, established artists alike are constrained to heavily unbalanced deals that rely on antiquated protocols which lack transparency.
    • Individual songwriters often have copyrights in numerous compositions, but have no way to directly monetize their rights, or to develop new income streams outside the traditional publishing model.

    Vezt aims to provide a solution for all of this.

    How does Vezt help solve these problems?
    Vezt lets artists choose which portions of their songs to offer for sale to fans, friends, rights-buyers and brands in a monetization process called an Initial Song Offering™ (ISO). On the back-end, Vezt provides tracking and royalty collection on ownership interests through its blockchain-based smart contract technology. Earnings can be received quickly and transparently.

    Who does Vezt primarily benefit?
    Vezt primarily benefits three groups:
    • ARTISTS: Any artist can benefit from Vezt. With the ability to finance music creation and collect royalties without unnecessary intermediaries, music creation can become a profitable business again for the artists.
    • RIGHTS-BUYERS: Savvy music professionals (producers, A&R, promoters, managers, etc.), institutional rights-buyers (pension funds, mutual funds, etc.), and brands can benefit from a robust song marketplace, where tracking and collection of royalties and licensing income is transparent and in real time.
    • MUSIC FANS: United in their love for music on a meaningful level, music fans now can translate their passion into true partnership with artists on a song-by-song basis.

    What is the Vezt's development roadmap and timeline?
    We expect to have a demonstrable prototype in September of 2017, and a fully-functional MVP by the end of Q4 2017.
    • Q3 2017 - Complete back-end and blockchain development and integration
    • Q4 2017 - Onboard and white-glove 3 artists through the platform, complete MVP
    • Q1 2018 - Beta launch, add selected artists and rights-buyers, product testing and improvements
    • Q2 2018 - Release platform to all artists and rights-buyers

    Why is the Token Generating Event only open to non-US purchasers?
    Even though we do not believe the VZT is a security, our legal team has recommended this TGE structure to as an abundance of caution to comply with US securities laws..

    What will the funds raised during the Token Generating Event be used for?
    Funds will be used to further software development (including back-end API and blockchain development and integration, node development and integration), international expansion, marketing and business development, legal and accounting, operational expenses and customer service costs

    Please visit our website at vezt.co[/list]
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    fishfishfish313
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    September 25, 2017, 01:25:08 PM
     #2

    hmmmm, why has no one commented on this ANN yet?  Seems like a great idea with an experienced team.  Bounties.  Tracks royalty income . .

    35 percent for development though . .

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    September 25, 2017, 01:34:11 PM
     #3

    what is the total coin supply?
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    September 25, 2017, 01:43:20 PM
     #4

    Judging by hard cap and token price, is total supply 3 750 000 coins (if the price wont change for ICO)? I'm suprised this thread is empty... You got some known names on the project.

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    vezt
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    Invezt in your playlist.


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    September 25, 2017, 02:14:09 PM
     #5

    what is the total coin supply?

    The total coin supply is 125 million VZT.

    At your service,
    Michael
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    September 25, 2017, 02:18:12 PM
     #6

    the website looks good, but this is not the first music-related coins, I know MUSE VOISE and some others, how do you stand out in competition?

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    September 25, 2017, 05:32:31 PM
     #7

    Are you blocking US IPs or is it just a disclaimer?

    TIA
    vezt
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    September 25, 2017, 07:50:22 PM
     #8

    US-based IPs will be blocked from our TGE website for the duration of the event. Sorry.

    At your service,
    Michael
    vezt
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    September 25, 2017, 08:00:51 PM
     #9

    the website looks good, but this is not the first music-related coins, I know MUSE VOISE and some others, how do you stand out in competition?

    We really don't comment on what other projects may or may not be doing. We are laser-focused instead on delivering an innovative product that both gives artists back control over their work and helps them develop new income streams. Want to learn more? Please feel free to request a copy of our white paper here: https://www.vezt.co/contact.

    We're also not trying to create yet another Spotify or iTunes clone. Our business is about enabling artists, rights-buyers, and music fans to own a portion of songs and create a new income stream built for the long term. You can see how it works at https://medium.com/@vezt/the-real-greatest-hit-how-vezt-works-cb66aef74d67.

    At your service,
    Michael
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    September 25, 2017, 11:40:25 PM
     #10

    Hello everyone,

    We have updated the ANN to include a link to the pricing information for VZT.

    At your service,
    Michael
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    September 25, 2017, 11:59:06 PM
     #11

    what is the total coin supply?

    The total coin supply is 125 million VZT.

    At your service,
    Michael

    any alocation coin to bounty dev
    i want reserve indonesian translation if you need

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    STACK









    1
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    vezt
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    September 26, 2017, 12:51:24 AM
     #12

    what is the total coin supply?

    The total coin supply is 125 million VZT.

    At your service,
    Michael

    any alocation coin to bounty dev
    i want reserve indonesian translation if you need

    Yes, we've allocated 2,000,000 tokens for our bounty program! Full details can be found here: https://bitcointalk.org/index.php?topic=2198171

    Once you've found the bounty you'd like to participate in, please follow the instructions and fill out the Google Form. Thank you.

    At your service,
    Michael
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    September 26, 2017, 01:34:01 AM
     #13

    Without the Chinese participation, many projects will not be successful, it will be a storm, all countries in setting their own rules, believe in the near future, there will be another way to appear, encryption currency to move on.

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    World's First Reverse Merchant Processor


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    September 26, 2017, 01:58:36 AM
     #14

    i can't see the roadmap of this project. where i can find it, it's an important things to know how the progress of this project.

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    September 26, 2017, 04:52:34 AM
     #15

    I'm excited for this one.

    Low market cap.

    Make a return on my Vetz by investing in songs.

    Great team!

    I'm in!

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    September 26, 2017, 01:01:11 PM
     #16

    This sounds great.

    But why is the whitepaper not published?? Why do I have to make a request for it?

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    September 26, 2017, 10:17:23 PM
     #17

    what is the total coin supply?

    The total coin supply is 125 million VZT.

    At your service,
    Michael

    How is the total supply 125 million? In the document from the post below it says that the token sale amounts to 25,000,000. This being 45% of the total supply, amounts to a total supply of around 55 million. Am I missing something?

    Hello everyone,

    We have updated the ANN to include a link to the pricing information for VZT.

    At your service,
    Michael

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    September 26, 2017, 10:21:33 PM
     #18

    I just want to know what makes your project better and different from other music projects on blockchain. 

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    September 26, 2017, 10:50:41 PM
     #19

    what is the total coin supply?

    The total coin supply is 125 million VZT.

    At your service,
    Michael

    How is the total supply 125 million? In the document from the post below it says that the token sale amounts to 25,000,000. This being 45% of the total supply, amounts to a total supply of around 55 million. Am I missing something?

    Hello everyone,

    We have updated the ANN to include a link to the pricing information for VZT.

    At your service,
    Michael



    Yes this has got me confused too, also why are there different token prices?

    I am excited about this project though, keen to take part in supporting it

    ● ● ● CombiCoin ● ICO BEGINS SEPTEMBER 1, 2017 ● ● ●
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    September 27, 2017, 06:57:51 AM
     #20

    Have read whitepaper, checked Twitter, Facebook, Reddit, subscribed to Newsletter and on Telegram, still can't find any info on how to actually join the ICO when it starts in 2 hours, thought all that payment info and would be released this close to ICO opening.

    Just watched the video from the "Blockchain in Music" conference, good stuff! - https://www.facebook.com/veztinc/


    ● ● ● CombiCoin ● ICO BEGINS SEPTEMBER 1, 2017 ● ● ●
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