Disruptive DeFi Music company Unchained Music to deploy on Avalanche.
Disruptive DeFi Music company Unchained Music to deploy on Avalanche
Unchained Music, a pioneering Web3 Music company, will launch on Avalanche, marking a new milestone in the highly traditional music industry.
The company has recently opened the first-ever genuinely free music distribution company for independent artists and record labels. This 'world first' service is made possible by bringing artists' royalties on-chain and safely placing them safely in vetted stablecoin liquidity pools to create a sustainable interest income for the company while enabling users to keep 100% of their streaming royalties. Read more about the process here.
''This collaboration with Avalanche will help empower Unchained Music's goals to power independent music globally through DeFi, while simultaneously helping to move tens of thousands of global musicians into Web3.''
Matt Waters - Unchained Music CEO
Unchained will specifically deploy artist royalty capital onto the Avalanche C-chain in various vetted DeFi protocols to maximize the security and transparency of artist and label funds in an industry notorious for the lack of transparency, whilst leveraging the strong community networks on Avalanche.
"It's our intention to give musicians access to the transparency that is sorely lacking in the music industry by taking advantage of Avalanche's extremely quick time-to-finality, allowing them to deploy royalty splits and transparent payment flows via smart contracts on chain."
Scott Ashby - Unchained Music CMO
Unchained Music has recently opened their beta to all musicians across the world, allowing artists to distribute their music everywhere that fans hear it, including streaming and download platforms such as Spotify, Apple Music, Deezer, Tik Tok, and 200+ others.
Start Distributing Your Music Now: https://www.unchainedmusic.io
About Unchained Music
Unchained Music is building seamless end-to-end AI and Web3 solutions for independent musicians and labels, from creation to distribution, to promotion. The traditional music industry is broken, putting up unnecessary barriers to entry and harbouring extensive technological debt, costing musicians time and money. Unchained is bringing down these barriers by leveraging new technologies including Web3 payment rails in Music Distribution, AI Mixing & Mastering, and Algorithmic promotion.
Avalanche is a smart contracts platform built to scale infinitely and finalize transactions in under a second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable businesses to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for both Web3 devs and businesses.