In a groundbreaking move towards reshaping the music industry landscape, Monolitify has announced the launch of its decentralised music platform, set to redefine how artists and enthusiasts interact with music in the Web 3.0 era. Leveraging the power of blockchain technology, Monolitify aims to tackle persistent challenges such as fair compensation, transparency, and artist empowerment.
**Empowering Artists Through Decentralization:**
Monolitify stands out as a beacon of innovation, offering artists unprecedented control and ownership over their creations. By utilizing blockchain technology, the platform decentralizes control, providing artists with autonomy and a direct link to their audience. This revolutionary approach ensures fair compensation and transparency, addressing long-standing issues that have persisted in the music industry despite significant transformations.
The platform’s user-friendly interface further sets Monolitify apart, ensuring a seamless and intuitive experience for both artists and users. With the ease of music creation and consumption, Monolitify paves the way for a new era of collaboration and creativity in the Web 3.0 realm.
**A Comparison Beyond Boundaries:**
Monolitify’s unique features distinguish it from traditional platforms like Spotify and SoundCloud. Real-time royalty payments, complete transparency, and the absence of aggregator fees make Monolitify a trailblazer in the industry. It combines the best aspects of both platforms while introducing innovations such as on-chain royalty payments with the $MONO token, emphasizing inclusivity for unlabeled and indie artists.
Feature
Spotify
SoundCloud
Monolitify
Real-Time Royalty
No
No
Yes
Transparency
No
Yes
Yes
Aggregator Fee
No
Yes
Yes
All in One – Copyright Management
Yes
No
Yes
Availability
Yes
Yes
Yes
Ads Free
Unless Subscriber
Unless Pro
Always free ads
Listen Limit
No Limit
No Limit
10 audio per wallet
Feature
Spotify
SoundCloud
Monolitify
Monolitify’s commitment to providing an all-encompassing solution is evident in its unique features, making it a platform that not only meets but exceeds user expectations.
**A Strategic Roadmap Unveiled:**
Monolitify’s journey is meticulously planned across three phases, starting with the establishment of a solid foundation. Phase 1 includes the development of smart contracts, web development, community building, partnerships, team KYC, and token launch. The platform will introduce a staking platform before gamification to engage early participants effectively.
Moving to Phase 2, Monolitify emphasizes legal compliance and protection for artists and users. Smart contracts evolve to cover music ownership, licensing, and royalty distribution. The launch of mobile applications, gamification features, and the exploration of music copyright as collateral mark significant milestones.
As for Phase 3, Monolitify keeps its cards close to its chest with plans yet to be determined and confirmed. This strategic approach allows flexibility for adapting to industry trends and user feedback, ensuring continuous innovation.
**A Call to Artists:**
Monolitify is actively reaching out to artists, inviting them to join the platform. The promise of a decentralized space, direct engagement, and on-chain royalty payments with the $MONO token aims to break down barriers and empower artists to contribute even more to the music industry.
**Looking Towards the Future:**
Monolitify’s unveiling signals a new chapter in the music industry, one where decentralization, transparency, and fair compensation take center stage. With a strategic roadmap and a commitment to empowering artists, Monolitify is set to leave an indelible mark on the music ecosystem, inviting artists and enthusiasts alike to join the revolution.
As the platform evolves through its planned phases, Monolitify’s commitment to innovation and inclusivity is poised to make it a prominent player in the decentralized music space. The future of music interaction has arrived, and it’s called Monolitify.
Important Links:
Website: https://monolitify.io/
Telegram: https://t.me/Monolitify
Twitter: https://twitter.com/monolitify
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Current Hue journalist was involved in the writing and production of this article.