Sync with Muzika, the redemption of the music world.

We all know how well the music industry has seen nothing less than a renaissance of a change over the last few decades. Even if take a look from the era of metallic tapes we can very much in a short life span of 20 years we have passed on with CDs, MP3 player and are now idling into on demand streaming service which for sure isn’t the place we are stopping at the change is bound to happen and this make me wonder what to expect next ground breaking in the music industry.

Muzika firmly believe that the solution lies in the establishment of a self-sustaining, autonomous, symbiotic music community in order to disrupt the current power pyramid towards decentralization. It will create a totally new digital music ecosystem that can autonomously achieve repeated cycles of creation and distribution of musical creations, and allow at the same time the consumption of musical creations, as well as reform the digital music industry’s income distribution status quo. Luckily, Muzika is not starting from the scratch. Their ecosystem is built on the backs of their existing two million active users across 150 nations, who passionately exchange their own musical ideas, share performances, create beautiful original pieces, compete in all good faith, and trade various digital forms of music. Through the years of experience, they have learned the precise way in which to build a community run by honestly and incentivized individuals.

The transformation of the music industry over the past twenty years has been enormously innovative yet challenging. Today, A music lover have easier access to more music than ever before, the unnumerable quantity of available options makes streaming services even more beneficial. It seems logical to assume that musicians themselves would have more fruitful returns as the digital market continues to expand at a rapid rate, and capital continues to flow into the digital music industry. In reality, however, the disbalance of the profit distribution structure, the existence of multiple middlemen, and outstanding issues of piracy continue to deny artists their fair share. They are receiving a historically low percentage of total revenue, typically from 10% to 20% of consumers’ payments. While platforms, major labels, distributors, and publishers may benefit from the digital transformation, artists are still not justly compensated for their creations. To sustain the growth in the digital music market, this chasm in terms of compensation between artist and middlemen should be filled.

Muzika coin (“MZK”) is designed to help in the achieving of their mission to create a new, sustainable ecosystem in a multiple of ways. The team draw its inspiration from the Steemit community, which has been able to successfully substantialize the mission outlined in their whitepaper. Steemit’s community building model, along with their own proven model of building a vibrant music community of 2 million users, are some of the foundations of our ecosystem.

You can learn more about the project here in their Whitepaper and follow the progress by subscribing to their Announcement to apprise their Community about all the latest happening around their project.

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