Tired of the cut-throat nature of the modern music streaming industry, plucky Miami based start-up, “Glozal,” intends to take on the big guns. With this in mind, Glozal is launching their first NFT music player.
At odds with their vampiric counterparts and their reputation for sucking artists dry, Glozal intends to put the power back into the hands of the creators. As such, the platform follows a fair revenue model where the majority of proceeds go to the artist.
Working alongside the Glozal Music Marketplace, the player offers encrypted content which prevents unauthorised duplication. Therefore, only the owner can play the tracks, and the artist’s rights are protected. In addition to music, artists can interact with the fanbase by offering a range of exclusive NFT content, allowing them to sell directly to the fans and giving them control over the merchandise.
Additionally, fans and artists also have the opportunity to own a stake in Glozal, through the native $GLZ Token. This allows interested parties a chance to buy into the business. As such, $GLZ Security Tokens will ultimately convert into shares once Glozal goes public.
In the future, there will also be a Glozal’s NFT music festival.
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Image credit: via Glozal
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