||Traxx, with the goal of making the music industry more equitable and rewarding.

This high-performance network is committed to becoming carbon-neutral in 2022. It aims to be at the heart of the music creators economy and leverage blockchain and NFTs as a way to reward artists and delight fans. The partnership is not Zilliqa’s first foray into NFTs; the protocol powers platforms like Mintable, Unicutes, play-to-earn platform DeMons – to name a few.

By tokenizing the music creation process, Zilliqa’s new partner will open up exciting engagement opportunities which includes the evolution of royalty payments, rights ownership and playlists, elements found on Spotify (NYSE:) and Apple (NASDAQ:) Music but now turbocharged through distributed ledger technology. Traxx.||Traxx is helmed by award-winning producer TommyD and former Warner Music chairman Miles Leonard.

Token||Traxx, we’ve got a powerhouse of a team that draws expertise from music and entertainment, technology and business,”
Zilliqa CEO Dr. Ben Livshits

“Together, I believe we’re capable of making the music industry more rewarding for everyone by leveraging the benefits of blockchain.”
The terms of the new partnership include a combined injection of $1.1m from both Zilliqa as a company and its co-founder Max Kantelia, who added: “Token||Traxx has created a game-changing model that will enrich the value chain of music creation, consumption and collection. Music was always a passion of mine. I now have the opportunity to explore a new aspect of this passion, blockchain.

“I’m thrilled to see that tokenisation is being applied to millions of music fans around the world. Traxx!||Traxx and myself!”
By teaming up with Zilliqa, the music NFT platform will gain instant access to the former’s reputable, secure, and scalable protocol known for its low-cost minting and modest gas fees. Zilliqa, the first permissible blockchain platform and smart contract platform built on sharded technology is capable of processing thousands per second.

“There is an intricate and symbiotic relationship between the music community’s creators, curators and collectors,”
says Miles Leonard.

“Their unique roles are all coordinated through the implementation and love of music. Traxx platform. It will also create a new income stream based on NFT technology.||Traxx platform, through this partnership with Zilliqa, will allow these three essential roles to work and profit together, using a new income stream that rests on NFT technology.”
“NFTs are the foundation of our future, with functionality that can redefine and enhance the value of music,”
Leonard is right.

“We are confident that Zilliqa’s industry-leading solution in blockchain technology will bring music fans closer to this space.”

EMAIL NEWSLETTER

You can also join the crypto-verse

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin