Recently, new trends appeared on the market such as Move To Earn that have brought the market back to racetrack, some typical ones such as: StepN, Genopets, Moov, Dose. The tokens have increased by several hundred percent in just a few days. Besides, after it was tweeted by CZ – Binance about Music + Crypto, the music tokens returned. Let’s find out which top 5 NFT On Ethereum music been growing the most last 7 days.
Overview
When it comes to NFT, we usually think of Bored Ape Yacht Club or CryptoPunks collections for up to millions of dollars or maybe The Merge created by an anonymous artist named Pak sold on December 6, 2021 with priced at $91.8 million on the Nifty Gateway marketplace, besides that, a rapidly growing ecosystem in the NFT industry, NFT music.
On the surface, NFT music might look like a blockchain alternative to buying copyrighted music. However, when you buy a copyrighted track, you only buy the right to listen to the music. There is no ownership of that property – only a license to listen to what you just paid for. In contrast, the musical NFT allows anyone to listen to the music but also grants ownership of the file through the NFT.
NFT music can sound counterintuitive: Why buy the music you can already hear? The answer to that question is the same as buying a JPEG, anyone can right click and save it. Market or people, find value in owning unique and original assets that can be proven.
Let’s find out the top 5 NFT music tokens with the strongest growth in the last 7 days on Ethereum
Utopia Genesis Foundation (UOP)
The Utopia Genesis Foundation was founded with a mission to establish an open and standardized process for the music industry to track, process and tokenize rights. By introducing a universal blockchain protocol for anyone who wants to run commercial projects in the modern music industry, the Foundation aims to provide the infrastructure, tools and funding needed for the development, maintenance and growth of the ecosystem.
The tokenization of music ownership on the Genesis Application is powerful in that it increases the pool of potential investors in music exponentially by democratising ownership and making it accessible to just about anyone. Not only will it increase the pool of potential investors in music copyrights, but it will create investors that are highly incentivized to contribute however possible to the commercial success of the copyrights that they have invested in. Copyright holders, whether this is up and coming artists, songwriters, producers, labels, catalogue owners or publishers, will also benefit.
Contract: 0xe4ae84448db5cfe1daf1e6fb172b469c161cb85f
Price today: $0.04468 – Up: 52.21%
Market Cap: $456,492
Max Supply: 100,000,000 UOP
Circulating supply: 10,216,473.00 UOP
Rank: 7650
More information at: CLICK HERE
Audius (AUDIO)
Audius (AUDIO) is a cryptocurrency that monetizes music streaming and is accessible to many artists. Audius (AUDIO) is a decentralized music streaming platform built on blockchain. The goal of the project is to give artists and curators more control over their musical creations. When artists upload content to Audius, they can create immutable records of their work, which are secured by a decentralized network of nodes.
Unlike other music streaming services, Audius doesn’t take a cut of artists’ revenue. Musicians can get 90% of their revenue from AUDIO, Audius’ native cryptocurrency. The remaining 10% will be given to service providers that support the Audius network.
AUDIO is an ERC-20 token, which also serves as a governance token on Audius. Owners can contribute their AUDIO to help secure the network, participate in the management of Audius, and access exclusive content. They can also get AUDIO rewards from staking.
Contract: 0x18aaa7115705e8be94bffebde57af9bfc265b998
Price today: $1.63 – Up: 41.71%
Market Cap: $1,021,279,070
Max Supply: $1,021,279,070 AUDIO
Circulating supply: 620,805,326.00 AUDIO
Rank: 92
More information at: CLICK HERE
Viberate (VIB)
Viberate has been building an Ethereum-based decentralized talent ecosystem for live music since 2017 and is positioning as market leader in the music data sector. It connects artists, fans, talent management agencies and event organizers all together on the same platform. The live music industry has been dominated for a long time by a few leading management companies who control the vast majority of big-name artists playing at prominent venues. At the same time, smaller artists struggle to get recognition and connect with the venues that want their business. Viberate believes that the industry is ready for a shake-up.
VIB tokens are ERC20-Token so they are not mined. They are created using smart contracts based on Ethereum. Viberate crypto will release a finite number of 200m ERC20 VIB tokens, allocated as follows:
- 60% sold at ICO to fund project development
- 16% to the project team
- 4% to early/angel investors
- 5% to the bounty pool (see above)
- Remainder to other partners (advisory team etc)
Contract: 0x2c974b2d0ba1716e644c1fc59982a89ddd2ff724
Price today: $0.04058 – Up:29.70%
Market Cap: $9,267,564
Max Supply: 200,000,000 VIB
Circulating supply: 198,135,000.00 VIB
Rank: 1018
More information at: CLICK HERE
Melos Studio ($MELOS)
The first NFT Music platform Melos Studio is invested by Binance Labs. Melos Studio is launched in 2021 and is built on the Ethereum. Previously, this platform was invested by a few funds such as: Dapper Labs; Innovion; NGC Ventures, Multichain Capital. A paradise for pioneering musicians Online Woodstock, Utopia for music creators. Music is the most unrestrained way to propagate inspiration. They are committed to creating a self-sustaining and liberated ecosystem for pioneer music. Their DAO governance makes sure every creator is treated fairly and their music inspiration can grow.
Contract: 0x1afb69dbc9f54d08dab1bd3436f8da1af819e647
Price today: $0.3301 – Up:20.51 %
Market Cap: $21,636,041
Max Supply: 1,000,000,000 MELOS
Circulating supply: 27,700,089.00 URQA
Rank: 2941
More information at: CLICK HERE
UREEQA ($URQA)
UREEQA is a revolutionary platform that is powered by blockchain technology to help Creators protect, manage and monetize their creative work. UREEQA’s unique technology and validation process verifies ownership, authorship & originality of source creative work, and is the exclusive worldwide provider of Responsibly Minted NFTs.
The UREEQA platform allows creators to stake their claim to their creative works, like music, videos, eBooks, source code, art, among others. Those digital assets are then secured on the blockchain, protecting the creator’s intellectual property. Their global team of skilled validators work through an extensive process to ensure ownership, authorship and originality of a creator’s source work. Validators earn URQA tokens for their work and are assigned a UREEQA Validator Rating (UV Rating) based on their efficiency.
Contract: 0x1735Db6AB5BAa19eA55d0AdcEeD7bcDc008B3136
Price today: $0.08343 – Up: 2.78%
Market Cap: $2,311,282
Max Supply: 100,000,000 URQA
Circulating supply: 27,700,089.00 URQA
Rank: 1483
More information at: CLICK HERE
Verdict
To explain why the NFT market will be a potential and growing niche in the digital market is: Music is a pervasive field and an indispensable entertainment market. Decentralized technology that connects artists and audiences globally. NFT technology solves the problem of exclusivity of the work. Blockchain supports the need to release products in the international market. The peer-to-peer marketplace makes international payments quick.
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Alan
Coincu Venture
Author
Recently, new trends appeared on the market such as Move To Earn that have brought the market back to racetrack, some typical ones such as: StepN, Genopets, Moov, Dose. The tokens have increased by several hundred percent in just a few days. Besides, after it was tweeted by CZ – Binance about Music + Crypto, the music tokens returned. Let’s find out which top 5 NFT On Ethereum music been growing the most last 7 days.
Overview
When it comes to NFT, we usually think of Bored Ape Yacht Club or CryptoPunks collections for up to millions of dollars or maybe The Merge created by an anonymous artist named Pak sold on December 6, 2021 with priced at $91.8 million on the Nifty Gateway marketplace, besides that, a rapidly growing ecosystem in the NFT industry, NFT music.
On the surface, NFT music might look like a blockchain alternative to buying copyrighted music. However, when you buy a copyrighted track, you only buy the right to listen to the music. There is no ownership of that property – only a license to listen to what you just paid for. In contrast, the musical NFT allows anyone to listen to the music but also grants ownership of the file through the NFT.
NFT music can sound counterintuitive: Why buy the music you can already hear? The answer to that question is the same as buying a JPEG, anyone can right click and save it. Market or people, find value in owning unique and original assets that can be proven.
Let’s find out the top 5 NFT music tokens with the strongest growth in the last 7 days on Ethereum
Utopia Genesis Foundation (UOP)
The Utopia Genesis Foundation was founded with a mission to establish an open and standardized process for the music industry to track, process and tokenize rights. By introducing a universal blockchain protocol for anyone who wants to run commercial projects in the modern music industry, the Foundation aims to provide the infrastructure, tools and funding needed for the development, maintenance and growth of the ecosystem.
The tokenization of music ownership on the Genesis Application is powerful in that it increases the pool of potential investors in music exponentially by democratising ownership and making it accessible to just about anyone. Not only will it increase the pool of potential investors in music copyrights, but it will create investors that are highly incentivized to contribute however possible to the commercial success of the copyrights that they have invested in. Copyright holders, whether this is up and coming artists, songwriters, producers, labels, catalogue owners or publishers, will also benefit.
Contract: 0xe4ae84448db5cfe1daf1e6fb172b469c161cb85f
Price today: $0.04468 – Up: 52.21%
Market Cap: $456,492
Max Supply: 100,000,000 UOP
Circulating supply: 10,216,473.00 UOP
Rank: 7650
More information at: CLICK HERE
Audius (AUDIO)
Audius (AUDIO) is a cryptocurrency that monetizes music streaming and is accessible to many artists. Audius (AUDIO) is a decentralized music streaming platform built on blockchain. The goal of the project is to give artists and curators more control over their musical creations. When artists upload content to Audius, they can create immutable records of their work, which are secured by a decentralized network of nodes.
Unlike other music streaming services, Audius doesn’t take a cut of artists’ revenue. Musicians can get 90% of their revenue from AUDIO, Audius’ native cryptocurrency. The remaining 10% will be given to service providers that support the Audius network.
AUDIO is an ERC-20 token, which also serves as a governance token on Audius. Owners can contribute their AUDIO to help secure the network, participate in the management of Audius, and access exclusive content. They can also get AUDIO rewards from staking.
Contract: 0x18aaa7115705e8be94bffebde57af9bfc265b998
Price today: $1.63 – Up: 41.71%
Market Cap: $1,021,279,070
Max Supply: $1,021,279,070 AUDIO
Circulating supply: 620,805,326.00 AUDIO
Rank: 92
More information at: CLICK HERE
Viberate (VIB)
Viberate has been building an Ethereum-based decentralized talent ecosystem for live music since 2017 and is positioning as market leader in the music data sector. It connects artists, fans, talent management agencies and event organizers all together on the same platform. The live music industry has been dominated for a long time by a few leading management companies who control the vast majority of big-name artists playing at prominent venues. At the same time, smaller artists struggle to get recognition and connect with the venues that want their business. Viberate believes that the industry is ready for a shake-up.
VIB tokens are ERC20-Token so they are not mined. They are created using smart contracts based on Ethereum. Viberate crypto will release a finite number of 200m ERC20 VIB tokens, allocated as follows:
- 60% sold at ICO to fund project development
- 16% to the project team
- 4% to early/angel investors
- 5% to the bounty pool (see above)
- Remainder to other partners (advisory team etc)
Contract: 0x2c974b2d0ba1716e644c1fc59982a89ddd2ff724
Price today: $0.04058 – Up:29.70%
Market Cap: $9,267,564
Max Supply: 200,000,000 VIB
Circulating supply: 198,135,000.00 VIB
Rank: 1018
More information at: CLICK HERE
Melos Studio ($MELOS)
The first NFT Music platform Melos Studio is invested by Binance Labs. Melos Studio is launched in 2021 and is built on the Ethereum. Previously, this platform was invested by a few funds such as: Dapper Labs; Innovion; NGC Ventures, Multichain Capital. A paradise for pioneering musicians Online Woodstock, Utopia for music creators. Music is the most unrestrained way to propagate inspiration. They are committed to creating a self-sustaining and liberated ecosystem for pioneer music. Their DAO governance makes sure every creator is treated fairly and their music inspiration can grow.
Contract: 0x1afb69dbc9f54d08dab1bd3436f8da1af819e647
Price today: $0.3301 – Up:20.51 %
Market Cap: $21,636,041
Max Supply: 1,000,000,000 MELOS
Circulating supply: 27,700,089.00 URQA
Rank: 2941
More information at: CLICK HERE
UREEQA ($URQA)
UREEQA is a revolutionary platform that is powered by blockchain technology to help Creators protect, manage and monetize their creative work. UREEQA’s unique technology and validation process verifies ownership, authorship & originality of source creative work, and is the exclusive worldwide provider of Responsibly Minted NFTs.
The UREEQA platform allows creators to stake their claim to their creative works, like music, videos, eBooks, source code, art, among others. Those digital assets are then secured on the blockchain, protecting the creator’s intellectual property. Their global team of skilled validators work through an extensive process to ensure ownership, authorship and originality of a creator’s source work. Validators earn URQA tokens for their work and are assigned a UREEQA Validator Rating (UV Rating) based on their efficiency.
Contract: 0x1735Db6AB5BAa19eA55d0AdcEeD7bcDc008B3136
Price today: $0.08343 – Up: 2.78%
Market Cap: $2,311,282
Max Supply: 100,000,000 URQA
Circulating supply: 27,700,089.00 URQA
Rank: 1483
More information at: CLICK HERE
Verdict
To explain why the NFT market will be a potential and growing niche in the digital market is: Music is a pervasive field and an indispensable entertainment market. Decentralized technology that connects artists and audiences globally. NFT technology solves the problem of exclusivity of the work. Blockchain supports the need to release products in the international market. The peer-to-peer marketplace makes international payments quick.
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Alan
Coincu Venture
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