VFine Music (formerly V.Fine Music) is a domestic music copyright commercial distribution platform, with copyright management services such as music authorization, monitoring, and confirmation of rights. VFine Music has more than 3,000 outstanding musicians from more than 50 countries, with more than 500,000 First original music copyright.
CyberStop, currently the only decentralized streaming NFT trading platform in the world, focuses on solving the storage and user experience problems of streaming NFTs, and provides users with the use rights and ownership trading scenarios of NFTs to maximize the value of NFTs.
What Creators Want: Music and Distributed Ledger Technology
The NFTization of music through CyberStop is currently being realized step by step, allowing artists and fans in the music industry to have direct contact (disintermediation).
Speaking of disintermediation, in fact, other business areas are already very mature. In Q4 of 2020, Nike is decoupling from many former retail partners. In addition to relying less and less on intermediate channel providers, Nike will focus more on DTC, to build its own DTC channel, through the ever-growing DTC business, Nike's financial report shows that its sales have fallen by 38%, but digital sales have increased by 75%, accounting for 30% of the brand's total revenue.
CyberStop believes that there are three integral elements that make up a song's collectible layer:
Visual layer (song cover)
Auditory layer (NFTized audio files)
Physical Layer (Physical Objects Representing Songs)
Currently, VFine is in further discussion with CyberStop on using NFT to make the music works of music creators on its platform collectible.
The Music Recording Industry Today
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source:https://audius.org/
In CyberStop's due diligence on the global streaming NFT market, it was found that in the past five years, many blockchain startups have turned to web3 to disrupt the highly centralized music industry. However, when it comes to mainstream users, applicability is a huge challenge for existing NFT trading platforms. Artists are excited about disintermediation, no middlemen to earn the difference, but high gas fees, lackluster UI/UX, and low user conversion rates are all barriers that prevent creators from participating. Creators always want to pave the way for the masses, just as content drives users to try new platforms. With consumers' growing interest in digital collectibles and high-quality content further penetrating into the NFT platform, CyberStop believes that NFT will become the fastest entry tool for fans and artists to join the web3 ecosystem.
Why NFTs?
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source:https://cryptoart.io/data
People put a lot of creative effort into creating a song, but mass digital distribution makes it nearly impossible to get real value out of listening to it. A single song can have an incredibly profound impact on a person's life that is not reflected in a $0.003 streaming fee.
Imagine a future where limited-edition NFTs of songs or albums follow a structure similar to photography and graphic art: the collector owns a digitally signed copy because the collection contains a deeper, personal relationship to the song.
The ultimate evolution of music collectibles will be in the form of ownership and usage rights, and CERT token holders will be able to participate in the purchase or use of a piece of music.
This also explains the value of songs, and why songs should evolve from their raw audible form into a separate asset class.
digital music collection
In the future, musicians on VFine can turn music works into NFT assets and trade copyright or usage rights on CyberStop. CyberStop can also match musicians and visual content creators to create collaboratively, because digital art and music are a kind of visual NFT are complementary. We've seen many musicians collaborate with famous animators to create these types of assets.
In addition, VFine's musicians can also release exclusive song NFTs in CyberStop, which will never be available on traditional streaming platforms. After the collector completes the copyright purchase at CyberStop, the collector can share the paid or free use of the song if they choose, while the audio is reserved for those who participated in the original sale.
Music collectibles at CyberStop will have accessibility features, unlocking special perks for collectors, including access to unreleased music, backstage tickets, and eventually retroactive royalties. These characteristics can ensure the long-term value of music NFTs and may influence the formation of a highly liquid secondary market for digital music assets.
Digital Music Assets
As more artists begin to explore the intersection of web3 and exclusive content, we will see a revolution in music rights ownership. For independent artists and self-titled musicians, royalties from streaming services have grown significantly over the past five years.
CyberStop completely separates music ownership and usage rights to ensure continuous cash flow for musicians. Imagine that an NFT represents 100% of the rights to a song or album, and divides the ownership and use rights of the song or album. No matter how many times the copyright is traded in the secondary market or how many times it is played, additional benefits can be obtained.
CyberStop is one such platform that allows anyone to invest in music assets without the need for complex underlying technology. As musicians further try to convert songs to NFT, future distribution rights will also be derived in various forms at CyberStop.
Yep, we're not far from a world where fans and investors alike can participate in a song.
proof of memory
In CyberStop's view, the long-term use of collection layers is also bound to revolutionize the current live music world to bridge the gap between artists and fans. Imagine an artist performing at Coachella, where the premiere of a new song may not be released for months. Fans can receive a commemorative card by scanning the CyberStop QR code displayed on stage during the performance, so they can see the song in advance, and also get an exclusive commemorative card from the wonderful performance moment.
postscript
postscript
In fact, many radical innovations start from a base state. CyberStop believes there will soon be a tipping point where an important part of NFTs will shift from speculative images or gif collectibles to streaming digital content. Coinbase & Paradigm founder Fred Ehrsam said it well in a recent talk about NFTs:
"To a casual observer, the future of NFTs today may be ambiguous. Beneath the surface lies a powerful raw energy that has the opportunity to redefine digital media ownership and become the foundation of the next generation of applications." Components." - Fred
Everything CyberStop does is aimed at making artists sustainable in the digital age.
Learn more about the latest CyberStop news:
Website：www.cyberstop.io
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Twitter： https://twitter.com/RealCyberStop
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