At first, digital currencies were only used as financial instruments and stores of value, but with the growth of blockchain technology, this technology has changed many areas of life.
Today, we can do many things that we used to do with help from centralized institutions in a decentralized way with blockchain technology and digital currencies.
Digital currency and technology expanded to include the world of art.
Digital art is one of the most important areas where art and blockchain come together.
Non-fungible tokens (NFTs) are the best example of this. The use of NFTs changed the way artists interact with their audiences.
As one of the most significant parts of art, music has been impacted by this trend and has used decentralized methods to revolutionize the ownership and publication of musical works and the interaction between artists and audiences.
Music artists have always faced challenges such as low-income and low transparency, and have had the least authority in distributing and selling their content, because of the emergence of centralized music streaming platforms.
Blockchain can help artists be more transparent and get a fair share of their arts value. The MUZINT platform uses the technology of the blockchain to help artists.
MUZINT intends to overcome these challenges by empowering music owners and helping them monetize their works.
Unlike other music streaming platforms, on MUZINT, artists earnings are not determined by the number of times their music is played.
MUZINT gives artists ownership of their music and lets them choose how to make money with it.
In this platform, 90% of the revenue is given to the owners of the works in the form of INTD.
The other 10% is given to the node operators (contributors) who help keep the network running.
MUZINT aims to address the challenges faced by artists in the music industry, including issues related to copyright.
MUZINT does not pay artists based on how many times their music is played, like other music streaming platforms do. Instead, they also consider how popular the artist is and how they interact with fans.
Artists can submit their music to the MUZINT platform through decentralized nodes. There are several ways to make money with audio content on MUZINT without giving up ownership.
MUZINT solution is that anyone can use this platform to share and make money from their music.
MUZINT removes the middleman between artists and their audience, allowing them to interact directly on this platform.
Artists whose works are in the top 5 audio files of the week, the top 5 playlists of the week or the top 10 programs of the month will get INTDESTCOIN as a gift.
In addition, they will receive INTDESTCOIN as a reward for their first upload after verifying their social network account.
The MUZINT platform also allows artists to interact with their audience through artist INTD.
Artist INTD give their holders special access to exclusive content, such as unreleased works and mix contests.
MUZINT sometimes awards INTDESTCOIN based on the amount of social connections artists have with their fans and the number of times their music is airdropped.
MUZINT needs to keep working, and to achieve that, it needs a secure network, a way to solve disputes or make changes, and a way to grant access to special features that its coin, INTD, is important for.
MUZINT network security is provided by decentralized nodes. Anyone can become a part of the MUZINT network by providing and protecting the INTDESTCOIN.
The more INTD a user stakes, the more likely it is that other users will choose their node to use.
Contributors are rewarded with INTDESTCOIN
from new coin issuance and fee pools.
This is done to encourage them to continue contributing to the operation of the protocol.
Content and discovery, are the types of nodes in the platform.
Content nodes host, secure, and manage content for artists.
Artists can host their content, but this option is not mandatory. The Exploration nodes, list side data and music files that can be found on the MUZINT content ledger. Fans can use this to search for artists and songs.
Nodes send the list of artists works to the blockchain constantly. This creates a permanent record of the contents date.
The INTDESTCOIN also plays a role in governing the audio network. As we previously said, stakeholders can participate in network operations as content nodes or exploration nodes.
Users can vote on plans to improve the network by continually adding value to the network. It is, of course, not necessary for shareholders to be Nods of executives to obtain voting rights. The community is encouraged to share their ideas about the protocol.
Each INTDESTCOIN has one vote. The intention of rewarding artists, fans, and moderators with INTDESTCOIN is to encourage them to enjoy a decentralized music streaming experience.
INTDESTCOIN allows users and artists to take advantage of special features on the platform. Artists can use INTDESTCOIN to grow their fan base and improve their communication with their fans.
They can also utilize content distribution tools by staking INTDESTCOIN to distribute their art INTD to their fans.Fans who have an artist INTD can use it to enjoy the artist's content, such as listening to new songs and participating in mix contests.
Users with a certain amount of INTDESTCOIN in their wallet can be placed in a special position and get more benefits than others. The more INTD users have, the higher their position will be within the exclusive group.
A profile badge is given to users when they reach the minimum number of Coin for a dedicated slot.
Community decisions may affect the requirements and benefits of each dedicated slot.
One of the most significant differences between MUZINT and other music streaming platforms like Spotify is that MUZINT uses blockchain technology to create a decentralized environment.
Content owners can have more control over the songs that they publish.
90% of the platform's revenue goes directly to artists. The traditional music industry only gives artists 12% of the money from song sales.
With this account, MUZINT allows artists to earn much more than they would with a standard account.