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The music industry has long been an elusive and competitive landscape, making it challenging for undiscovered talents to break through and find their spotlight. However, Tunedly, a visionary virtual music company, has emerged as a beacon of hope for aspiring musicians and songwriters worldwide. Since its inception, Tunedly has not only democratized music creation but also embarked on a mission to revolutionize the way the industry selects new talent. By fostering fairness, inclusivity, and community involvement, Tunedly's innovative music discovery platform, powered by its native token, TunedCoin (TUC), and Non-Fungible Tokens (NFTs), has redefined the A&R process, creating an environment where artists and listeners alike thrive together.
Tunedly's music discovery platform stands as a testament to its commitment to revolutionizing the music industry. Unlike traditional music platforms like Spotify or Apple Music, Tunedly's approach transcends mere song streaming by creating an interactive and inclusive experience for both artists and listeners. On this platform, independent and unknown songwriters, singers, and musicians have the opportunity to showcase their creativity and talent alongside some of today's biggest stars, including Bruno Mars, Lady Gaga, and Ed Sheeran.
The platform's unique twist lies in its anonymous streaming, where songs play without any identifying information such as artist names, streaming numbers, or imagery. Listeners are presented with a level playing field, experiencing each song solely for its musical brilliance, devoid of any biases influenced by name recognition or commercial success. This innovative approach empowers the music community to be deeply involved in the A&R process, transcending the influence of so-called "industry experts" and allowing listeners to truly discover the hits of tomorrow.
Listeners on Tunedly's music discovery platform hold the power to shape the future of aspiring artists and their songs through a simple yet impactful gesture - giving stars to their favorite songs. Each Tunedly user is allocated one "star" per day, which they can assign to a song they believe holds promise and could become a hit. The stars deployed by listeners serve as a vital metric in identifying the most promising unsigned songs on the platform. However, the significance of these stars extends far beyond appreciation alone. When Tunedly signs a song to an exclusive publishing deal, it becomes a transformative moment for both the artist and the star-giving listeners.
The first 1,000 users who gave the selected song a star are rewarded with one TunedCoin each, incentivizing active engagement with the platform. Additionally, Tunedly issues an NFT (Non-Fungible Token) for each song signed to a publishing deal, ensuring that all star-givers, not just the initial 1,000, receive recognition for their valuable contribution. This revolutionary model ensures that listeners actively participate in the discovery and success of future hits, fostering a collaborative ecosystem where artists, listeners, and Tunedly all benefit and thrive together.
The TunedCoins and NFTs issued to music listeners serve as more than just tokens of appreciation; they play a crucial role in enabling listeners to share in the financial rewards of discovering potential hits. Tunedly sets aside 50% of the net publisher royalty income generated by the signed song. This amount is then distributed proportionally to the holders of that specific song's NFT, based on their respective TunedCoin holdings. Essentially, to partake in the royalty share utility, a user must own an NFT of a royalty-generating song and TunedCoins. By embracing this innovative model, Tunedly ensures that the very listeners who helped identify and elevate the song to its full potential are rewarded for their keen ear and unwavering support, fostering an ecosystem where music enthusiasts share in the success they helped create.
At the heart of TunedCoin's groundbreaking model lies the concept of scarcity, a fundamental principle that often drives the value of cryptocurrencies. With a limited total supply of 21,000,000 coins, TUC embodies the notion of a scarce asset that becomes increasingly desirable as its demand rises. However, what sets TunedCoin apart from conventional cryptocurrencies is the ingenious mechanism that ties its scarcity to the ever-expanding world of music creation and discovery.
As Tunedly continues to sign more songs and issue NFTs for each signed song, the demand for TunedCoin grows in parallel with the expanding music ecosystem. With each new addition to the platform's library of royalty-generating NFTs, the value of TunedCoin rises, creating an ever more scarce crypto token desired by an increasing number of participants.
The relationship between TunedCoin's limited total supply and the expanding array of royalty-generating NFTs sets the stage for a virtuous cycle of value creation. As more songs are signed and listeners actively engage with the platform, the demand for TunedCoin intensifies. This, in turn, empowers the music community and fosters a sense of ownership, as listeners share in the financial rewards they helped create.
Beyond its financial potential, TunedCoin's scarcity embodies the spirit of innovation, inclusivity, and empowerment that defines Tunedly's music discovery platform. By involving listeners in the A&R process and enabling them to participate in the success of unsigned songs, Tunedly forges a community that thrives on mutual appreciation and support. As Tunedly continues to revolutionize the music industry, TunedCoin stands as a testament to the power of cryptocurrencies to shape a more equitable and inclusive future for artists and their dedicated fans.
TunedCoin's revolutionary impact on the music industry extends far beyond its role as a cryptocurrency. In a landscape where blockchain technology and cryptocurrencies are driving innovation, TunedCoin stands out as a beacon of hope, shaping the future of music creation and discovery. Alongside other crypto projects in the music industry such as Audius or GeoJam, Tunedly is leading the charge in democratizing music and empowering artists and listeners alike. As a limited-supply crypto token, TunedCoin's value is intrinsically tied to its growing demand, further highlighting its potential for appreciation in a vibrant and expanding ecosystem.
As we witness the continued transformation of the music industry through blockchain technology, TunedCoin stands at the forefront of this harmonious revolution, shaping a more equitable and inclusive future for artists, listeners, and the entire music community.
