Tune Fm - The World’s Leading Tokenized Music Platform

 


Overview

The crypto world continues to innovate in many ways to provide use cases that will benefit all its users around the world. For decades, the music business has been subject to upheaval. There is now a market for the distribution and sale of physical objects with music recordings thanks to sound recording and playback technologies. New techniques of compensating musicians for music broadcast and performance rights evolved as terrestrial radio became more popular as a discovery tool. Because of the internet, Napster, and other file-sharing services, the music industry's financial model was irrevocably changed.

For far too long, large publishing companies, major labels, and streaming services have squeezed artists and the music industry as a whole by being gatekeepers to distribution. This creates a deadweight loss and the economics of music have suffered as a result. Tune.fm intend to solve that problem through a direct-to-fan streaming and distribution platform and marketplace powered by cryptocurrency that enables micro-payment to artists and fans alike as we incentivize listening and reward artists at the same time.


What is tune.fm?

Tune.fm is a new music streaming platform launched by the company hearo.fm, with a mission to help artists earn a living wage from their music. This is made possible by the native JAM token which enables micropayments for every second of streaming. Powered by Hedera Hashgraph.


Features of tune.fm

Artist & Fan Rewards - JAM rewards creators and curators. Artists earn tokens as creators when fans stream their songs. Fans earn tokens as curators by reviewing music. Artists can promote their music with tokens for streams, and fans can earn tokens simply by streaming music

Global Micro Payments - With virtually no fees, Hedera Hashgraph enables borderless micropayments between artists and fans making it possible for the first time to monetize music streaming direct to fans around the globe without high transaction fees.

Lightning Fast - With an unprecedented throughput speed of hundreds of thousands of transactions per second per shard, Hedera Hashgraph's unrivaled performance makes it possible to process transactions from high volumes of concurrent users without waiting for the network confirmations.

Bank-Grade Security - Hedera Hashgraph's DLT (Distributed Ledger Technology) utilizes a virtual voting consensus algorithm that is PoS (Proof of Stake) and aBFT (Asynchronous Byzantine Fault Tolerant), reaching consensus within seconds with 100% certainty.

Music Discovery Platform - Tune.FM is a fully-featured music discovery platform and social network. Will be replacing the fiat marketplace with a fully tokenized economy which will be called Tune.FM

Democratizing Music Distribution- Enable artists to go direct-to-fan with global cryptocurrency micropayments for streaming and distribution, cutting out the middlemen and leveling the playing field for artists around the world so we have democratized access to music for all.

NFT Minting Services & NFT Marketplace - Tune.FM will build an NFT marketplace and offer NFT minting services to artists. The JAM token will be used to buy/sell/trade NFTs and for minting fees. Artist will be able to bundle various audio/visual/real-world experiences. The NFTs will be utilized for limited audio releases, virtual tickets, loyalty fan club rewards, and VIP experiences. 

JAM token

Tune. fm’s native asset, the JAM token, represents the global music currency which has quite frankly revolutionized the music business. As a result, JAM tokens give both artists and fans the opportunity to discover, stream and make new music within the platform, thus facilitating the creation of a collaborative community.

The JAM token is the music economy’s global reserve currency, underpinned by the inherent value of music. By giving artists and fans tools to earn JAM tokens together by discovering, streaming, and curating music on the platform, the tune.fm network is cultivating an ecosystem of artists and fans. For exclusive content, live experiences, and limited edition launches, unique NFTs can be traded among fans and artists. 

The JAM token is the first Hedera Token Service (HTS) asset to be traded on an exchange, Bitrue. JAM is the only Hedera-based token to be used for music micropayments. Hedera allows developers to create equitable and secure apps which are finalized near real-time, which ultimately makes it a leader in the decentralized public network.

Utilities of JAM Tokens

  • VIP Experiences & NFTs - Artist will be able to mint NFT to represent their fan club or loyalty reward points. These NFTs could unlock exclusive VIP experiences. As fans accumulate large amounts of JAM especially though the fiat onramp and through getting paid to listen, they will be able to spend that JAM on NFTs and special VIP experiences.
  • Tickets & Virtual Shows & Social Audio - Tickets and shows will be a major part of the Tune.FM platform. We will enable artists to post their show schedules and connect to existing data sources to automatically post their schedules so fans can always see when their favorite bands are in town.
  • Merchandise - Tune.FM will enable artists to easily create listings for merchandise on their profile and sell any type of merchandise for any price they want and collect JAM tokens
  • Music Visualizer - There will be plenty of free amazing visualizers of course, and premium packs of themed visualizers will be purchasable with JAM tokens.  
  • JAMfest - Every year Tune.FM will host JAMfest, a massive festival featuring the best musical talents discovered on Tune.FM We will feature a competition for artists on Tune.FM to play along with headliner artists in the live festival. Festival passes will be discounted when bought with JAM tokens
  • JAMcafe - In order to connect the digital with the physical, we will open a series of cafes in culturally relevant cities around the world with music from Tune.FM playing at all times. Patrons will be able to purchase coffee with JAM tokens and learn more about Tune.FM artists.

Tokenomics

  • Token Name: tune.fm

  • Token Ticker: JAM

  • Network: Hedera Hash Graph

  • Total Supply: 1,000,000,000 JAM


Conclusion

The goal is to become a household brand that epitomizes music, authenticity, and tastemaking. Millions of artists around the world will be made whole through fair compensation via cryptocurrency that is proportional to the quality of their art and response by fans. Many artists will find an income stream that enables them to pursue a life in music and focus on their art rather than be shackled by the economics of the failing music industry. Music will once again resume its role as the most important and stickiest form of media that generates the most money for its creators. 


Read More Here

Website: https://tune.fm/

Twitter: https://twitter.com/tunefmofficial

Telegram: https://t.me/tunefm

Medium: https://medium.com/hearo-fm

Proof of Author

Bitcointalk Username: Cryptonator7

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3362397

Telegram: @MsagarS

Hedera Account ID : 0.0.575667

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