INTRODUCTION
Blockchain has been a lot of problem solver over the past few years, it's well known to many people in the music industry that blockchain holds a numerous potential. The intervention of blockchain solutions in the music industry include; releasing of songs, streamlining the distribution model and funneling more of the revenue towards the creators, producers and artists by substituting fees imposed by middlemen between end users and artists.
The existence and nature of blockchain prof that, it can be use in record keeping and audit-able data including information about who owns the assets i.e music. Once you have verified the validity of an asset, it then entered into the "chain" which ensure continuity from then on.
Moreover, blockchain potential is to tackle content rights distribution which is well known as piracy now been fruitful in the music business. Streaming services call for an additional layer of intermediaries to ensure that the artist rights management process is managed properly. As this junction, content creators or music writers need different contracts in each jurisdiction on a regular basis through multiple intermediaries to protect their copyright and in addition, to enable distribution of their own content.
Blockchain also brings about empowering the right and payments method which will provide easy access for people from all over the world to license, buy, stream, collaborate, and literally invest in music projects with full transparency using Smart Contract technology. But despite the fact blockchain is been introduced to the music scene, there are still some loopholes which needs to be solved and that's what touched Mainstream for the underground to introduced its dual token ecosystem which are CyberFM (CYFM) and MFTU token to solve the loopholes once and for all.
Mainstream for the underground has created an open-source online royalty payment model with peer-reviewed information available to everyone worldwide through a distributed ledger system.
The difference between CYFM and MFTU token is, CYFM token represents a regulatory compliant cryptographic form of currency for Artists that are currently registered with local representation while MFTU token represents the world first truly digital, fair, legal, transparent and cryptographic performance rights Organization for Independent Artists.
CYFM and CYFM are an utility tokens which is based on ERC20 asset registered on the ETH blockchain, used in creating its universal payment system that enables royalties to be collected for all performances at all times throughout the whole world.
In conclusion, MFTU Protects all artists and record producers rights and payments across the entire globe and its dual tokens will be used to compliment fiat payments for online radio memberships, credits for in-app purchases and registration fees. For more details on this amazing project, the provided links below will be of help a lot.
WEBSITE: https://mftu.net
WHITEPAPER: https://mftu.net/site/whitepaper
TELEGRAM: https://t.me/mftudotnet
TWITTER: https://twitter.com/MFTU_Currency
ANN THREAD: https://bitcointalk.org/index.php?topic=4511705
WRITER BITCOINTALK USERNAME: lumibaba
WRITER BITCOINTALK ADDRESS: https://bitcointalk.org/index.php?action=profile;u=2151502
WRITER ETH ADDRESS: 0x83b1556667E1A776Db4Eb9e9373c5Ea1F3308a24
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