https://i.imgur.com/lEQourT.jpgOverview
The music and entertainment industry is a billion-dollar industry that holds a lot of promise. However, as it is constituted, many middlemen perforate the industry leading to barriers that affect many of the young, talented and upcoming artists who do not have a platform where they can showcase their talents. Many of them result in using free streaming services that do not provide them an adequate income stream or an opportunity to truly nurture a fan community of their own. Additional problems in the industry include poor event management, high transaction costs charged by many music streaming services and the increase in piracy, resulting in the loss of billions each year.
NoteChain provides a legitimate solution to the issues that are plaguing the industry. As a blockchain platform, NoteChain will rely on IPFS protocols to hopefully one day impact the way music is stored and shared. This will make it impossible for those who have not been authenticated to stream the music. It also prevents illegal downloads. It also eliminates unscrupulous middlemen who defraud artists and record labels millions each year through shady dealings. It provides artists and record labels an opportunity where they can interact with their fans. This allows them to give fans exclusive access to music, giveaways, tickets and merchandising. Fans also benefit because they will be able to directly support their favorite artists without the fear that middlemen will take half of the proceeds.
For a long time, the entertainment industry has been controlled by middlemen who are not transparent when it comes to costs, ticket prices, image rights, royalties, distribution rights and other issues in the entertainment industry. Since artists and musicians did not have an alternative, they had to simply trust that these intermediaries would act in their best interest. However, many of them took advantage of the people they represent to increase their earnings. Sometimes artists would earn less than 50 percent of what they were due. NoteChain provides a blockchain-bases solution that provides a detailed account of all the intricate areas of the entertainment industry is an immutable ledger. The benefit is that it is fast, secure, transparent and safe. Since it is based on a P2P model, artists and record labels can be able to directly interact with fans without relying on unscrupulous individuals.
Airdrop
Basic Info
Website: NoteChain.co
Twitter: @NoteChainCo
Contract Address: 0xe4ddb3b1c10061786eedda0c3aa411a7f2cfeab3
Decimals: 18
