Vinyl, tape, CD and streaming – that’s the general journey consumers took when it comes to the music industry, that is, until Web3 was born. As prominent artists like Nas, Snoop Dogg, and Dolly Parton have already shown, blockchain offers a whole new avenue for consumers and how they interact with their favorite artists, most notably through actual ownership of songs.
With this in mind, such a community-driven ethos has inspired a new music NFT platform I call tokentraxx emerge, a Web3 space with an emphasis on the three most important C’s of the music industry: creators, curators and collectors.
TokenTraxx is on a mission to enhance and democratize the joys of music by providing an NFT-powered platform that has the interests and financial benefits of the entire community at the forefront. To kick things off, the platform partnered with upcoming singer-songwriter, producer and maximum radiation, who is ready to release his new singles as an NFT collection on the TokenTraxx music marketplace.
Dream Big NFT EP
Rooted in deep, emotional lyricism, Rad’s NFT edition is a four-track EP dubbed ‘Dream Big’. Each of the songs; Let Me Think About It, Hold Fire, Dream Big and Joy Wonder are part of her upcoming album ‘Joy Wonder’.
Each track comes with 50 limited edition NFTs with vibrant artwork and access to the respective unreleased song, meaning there are 200 digital assets available in total. Each NFT can be minted by 77 $MATIC (around $50), and owners of all four NFT tracks can join a community of fans who will have access to perks like meet and greets, live-streamed secret concerts, and a VIP production music masterclass.
As mentioned above, TokenTraxx aims to become a music hub that all creators, curators, and collectors can benefit from, be it monetarily, musically, or socially. To govern said reward system, the platform has released an asset of 10,000 NFT Collection ‘Guest List’as well as a native and exchange token called $TRAXX.
With a supply of 350,000,000, the platform looks to leverage $TRAXX to expand its creator, curator and collector rewards program (which distributes tokens to members every four weeks based on a set of variables) to venture into realms such as staking, loans, royalties, transmission and more.
The $TRAXX token also allows a three-tier reward initiative will take place, where holders will have the opportunity to win prizes, airdrops of NFTs and $TRAXX, discount concert tickets, early access to artist NFT releases, nominate artists for promotion on the platform, tickets to festivals, and attend tutoring study sessions, award ceremonies. and VIP events with founders.
The platform is currently in beta, with its full launch due later this year. To facilitate the full release, there are several other TokenTraxx Developments that will take place in the coming months, including the launch of the TraxxStemz NFT, the launch of its marketplace and auction site, and the opening of the TokenTraxx Innovation Studio.
Such ventures will be enabled by the platform’s partnerships with Zilliqa, SORS, Polygon and more.
The TokenTraxx team is so doxed how can you get Spearheaded by their ‘Creators and Founders’ duo who have collectively worked with the likes of Kanye West, Jay Z and Beyonce, as well as having over 20 years in the music and tech industries.
The 31 listed members of the Traxx Token Team They come with a variety of experience from a variety of backgrounds. That said, each member’s experience and passion are also strongly associated with the music industry, blockchain, technology, or perhaps all of them.
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