The music industry is well-known because of being dominated by a few giant companies that guarantee artists get as small as possible while they take most of the profit. The business has a few high-profile artists earning millions, and millions of artists getting next to nothing.
The issue is so prevalent that many have come forward about it, and it had been exacerbated by piracy sites allowing people to use musicians’ content at no cost. Streaming platforms like Spotify are not solving the issue, since they have particular problems of their own. Streaming farms, as an instance, allow fraudsters to cash in by artificially inflating the amount of listens a tune receives.
Even though there isn’t a perfect solution out there for the musing industry, there is a way to utilize blockchain technologies to reunite exclusivity and value into unreleased music, and also the Dubplate Trade job is working on it.
Dubplate Trade: An NFT Marketplace That Supports Artists
The Dubplate Trade platform looks to take unique and original paths and turn them in to non-fungible tokens (NFTs) that provide clear ownership to whoever buys them. Its intention is to give back to musicians, that within the past few years have been unable to deal with piracy, flowing farms, and venue shutdowns within the COVID pandemic.
It also gives back to music lovers by allowing them to feel as close as possible to their favorite musicians, letting them purchase NFTs that can even include exclusive tracks only they can listen to. By enabling fans with those NFT Dubplates, the platform is ensuring that the financial security of musicians.
To do so, a smart contract on the Ether blockchain guarantees 10 percent of each NFT trade goes to the artist behind it. Artists who think in the system’s vision can, as such, make unique and exclusive function for the fans behind them.
Dubplate’s smart contracts not only share gains with artists, but in addition, it has signed an exclusive deal with an up-and-coming music tag in the United Kingdom to assist them gain exposure, and is in discussions with different artists and labels.
In the center of this is your DUB token. The decentralized cryptocurrency can be employed from the community to trade tracks on a decentralized application built on top of this Binance Smart Chain. DUB token holders that stake their holdings get a share of the Dubplate Trade platform’s gains as well to guarantee increase earnings to people who support the project.
The use of NFTs helps stop piracy, since these tokens, using Ether’s ERC-1155 token benchmark, make it simple to verify ownership during the immutable blockchain. To clone an NFT, an attacker would need to compromise the ETH blockchain, which as never occurred before, regardless of the more than 300 billion incentive it’s.
How to purchase $DUB tokens
A total of five million DUB tokens were made on the Binance Smart Chain as BEP-20 tokens. 30% are being sold to the general public, while 30% are being distributed through liquidity mining projects. 10 percent are being used to fund the job, while 20% will be used to secure partnerships with blockchain-based companies and with music business players. 10% were sold at a pre-sale.
Anyone can invest in DUB tokens using the Binance Smart Chain (BSC). To do so, all investors require is a pocket effective at interacting with that blockchain — such as MetaMask or the Trust Wallet — and also some Binance Coin (BNB) tokens to transfer funds across the blockchain.
After downloading the correct wallet and securing it, go over to Dubplate.trade’s website and click “Purchase Tokens.” The button will launch a decentralized exchange named PancakeSwap, and also a pop-up window will open. To proceed click”I understand.” Presently a page where users need to unlock their pockets through a trade that incurs a small fee will start.
After unlocking their pockets, users can select the number of tokens they’d like to purchase, and then swap their BNB for $DUB tokens. It is very important to utilize V1 of PancakeSwap to purchase the tokens.
You can discover more about Dubplate Trade on its website, or you’ll be able to stick to the job on Twitter or Telegram.
Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you spend. Tax rules can change and the value of any benefits depends on individual conditions.