Melodity – A Web3 ecosystem for the music industry to fully unleash creativity with P2E, L2E, NFT and Metaverse
Melody took the music industry one step closer to the decentralized creator economy and started building a Web 3.0 monetization infrastructure to support music artists in whole new ways.
To do this, Melodity is building a leading ecosystem, the “DoEcosystem”, which consists of play-to-earn (P2E), listen-to-earn (L2E) and Metaverse based on a proprietary blockchain which will provide opportunities for music artists, professionals, fans and music lovers. Three of the integrated platforms are DoMeta, DoDuet and DoMart.
(Photo: Melodity / GLOBE NEWSWIRE)
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DoMeta is an almost entirely music-driven metaverse, where users can enjoy their time to play, learn, create, and interact with each other or participate in live events. It intends to attract the music and gaming community by combining DeFi, blockchain technology, and NFTs – along with a play-to-win (P2E) model – in a single package.
The DoDuet platform, with a listen-to-win model, will create an innovative experience like no other. It is in fact a user-friendly competition platform that gamifies music and offers visibility and an easy-to-access prize pool for artists. It will reward contest entrants just by listening to songs and voting.
DoMart, the NFT marketplace platform, will not only provide song distribution, but also a comprehensive set of composite music NFT selling, purchasing, licensing and management capabilities.
The ecosystem will always be a place where creativity develops in an infinite way. The main objective is to enable musical artists to maximize their income and visibility by creating and offering them advanced instruments to manage their own art.
Melodity wants to become the benchmark of the music industry in this new era contrasting with the old dynamics by offering a new home to artists where they can earn up to 90% of the income from their creations. Simple but strong business models are the hallmarks of the company.
“With an ambitious goal, Melodity is a protocol designed with the idea at heart of giving freedom and new means to all musical artists so that they can unleash the full potential of their music.” – comments CEO Rolen Guzman.
Melody token (ticker $ MELD) is a DeFi token hosted on the Binance Smart Chain (BSC). It is the store of environmental value that acts as a sharing token and is in the early stages of launch.
The Melodity project was born out of the founders’ passion to help alleviate the difficult financial situation of independent musical artists. As former amateur musicians, the founders witnessed how some of their friends struggle to generate income or return on their art.
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