Re: [ANN][Motify] 🎵 Blockchain Music Streaming 🎧 |MN & Coin Sale LIVE

Combining electronic money with the music is an innovation in electronic money and music, you have got a creative idea. How can I buy a copyrighted song at the lowest price? Is the quality of the music high enough to attract people? What about bonuses and incentives for users? You should have the incentive program for V.I.P guests or long term so they can use Motify

Very great questions. Legally for independent artists buying a song would be fairly simple as they own the copyrights to the music and as such would have full control of the price. Those artist naturally will be incentivized to sell it at a competitive price point. For major artists, the label (copyright holders) will determine the price. With that being said, Motify will be able to offer the lowest cost to market, and subsequently offer the highest profit margins for labels due to less marketing costs. We have the ability to have songs algorithmically marketed to precise users based on previous plays, genres, playlists, locale, etc. As we grow and are able to present tangible value to labels we will begin to negotiate exclusive digital releases of new albums on the Motify platform.

When you say this do you mean that you will implement an algorithm that will track users data on the platform and in turn market specific songs to specific users based on the information received from this tracked data?

Yes our ad based business model will be based on targeted advertisements crafted from a users public information such as favorited songs, tips, repeat plays, and playlist submissions. This will allow us to have a revenue positive platform while offering a free service. We will also have a premium membership users can opt into to experience ad free streaming which will be paid in MDFY.

That was a biased opinion which had not substance in it. The info was laid out as though everyone could draw their own conclusions without having to come to consensus. Specifically the fact that lessening the cost for a ticket to the label hub would not make sense without utility which is the foremost thing to pay money for. The usability of discogs site where musicians sell their crap will prevail over alleged benefits of ur home hosted enterprise.

I am the curator of this project and I've worked in the US music industry for over a decade. The highest cost-to-artists is the labels ROI from marketing. The label contracts are written to recoups their expenses immediately off the top, sometimes even before considering the tax obligations of the artist. This leaves artists with nearly 0 profit from digital sales, often times even leading them into debt with their label. This is the issue Motify intends to correct. Our primary goal is to prevent independent artist from signing onto these one-sided contracts. On the other end of the spectrum we want to give artists currently under contract a profitable alternative by working directly with labels.

This project is indeed interesting if there are many who provide support, and hopefully, in the future, more and more support for this project will make it easier to achieve success.