ΞXÐmusic is a music NFT platform. It is developed by EXDREAM, a Japanese music company. The platform will be launched on June 30, 2022.
Artists can sell music NFTs, create their own artist pages and mint NFTs as event tickets and membership cards. They are allowed to receive 90% of their revenues because users mainly manage the platform.
The types of music NFTs are as follows.
- Music NFT : NFTs of music works. Artists can decide how many NFTs they sell.
- Fractional music NFT : Single song NFTs owned by multiple fans.
- High-resolution music NFT : High-quality music NFTs. Fans must buy them for listening.
As for fans, they can display their music and ticket NFTs on their own page. In addition, they can use artist recognition badges as an icon on the page. They can get the badges if they support their favorite artists.
The platform is powered by Algorand blockchain.
(As of June 5, 2022)