Hey OPUS has already done this, this is just a rip off. You should be ashamed of yourselves.
I don't think we should - OPUS develops a streaming platform, while we focus on the b2b marketplace for commercial licensing, and providing musicians with the means to raise money by selling shares in their copyright. There will be a streaming solution developed and adopted within our project, but it would serve more as a marketing tool to attract content creators and wider public to the platform.
Have you read our WP?
I remember there are several copyrighted project on this forum, What are your advantages? btw, you should add some pictures to the ANN topic to highlight
this is not the first time a project has been launched with this idea. it has been done several times before and i cease to believe this has any advantage over any of the others.. music royalties is a hand me down scheme and trying to tap into it needs mass consumer acknowledgement and those are mostly singers songwriters and musicians. but a small company will find it hard to have famous people jump on-board for several reasons!
That is why we:
1) Start not with streaming royalties, but with the marketplace for individually negotiated commercial licenses that's easier to tap into. Since we are already working with the licensing agencies, the project's basic version would be a solution to easily license music between parties who have already worked with each other - we just make it more convenient for the participants to negotiate and pay each other with our help, not with the paper;
2) Provide a solution to conduct ICOs for music - AFAK only SingularDTV has successfully adopted this mechanic (think about Gramatik tokens), but their solution is more of a blockchain approach to traditional celebrity bonds, while we are developing not just a new package for an old instrument, but the means to make it work. What's the point of being entitled to a share of royalties, if the royalty flow itself is not transparent, can be easily manipulated, and you still need to resort to the judicial system whenever something goes wrong?
We believe that solving industry problems would require a complex approach; you can't just announce a new streaming/licensing/production platform and hope that it would be profitable, you would need to tweak every economic aspect of the current model and come with a solution making everyone happy.
A detailed comparison between us and other projects in the IP-management on the blockchain will be posted later this week, stay tuned.
It sounds good. When is the start? I hope this is not musicoin number 2!
Regarding Musicoin - no, we differ significantly from them. Musicoin provides a streaming platform for the musicians to directly interact with listeners; while we also plan to introduce this mechanics at later stages (the Soundchain player will be developed specifically for this), Musereum is more of a b2b solution and an ICO platform. As I said, stay tuned for the detailed comparison with other platforms.