The RWA sector consistently expands and now features a wide range of assets, from physical properties like real estate and commodities to intangible ones like patents and copyrights.
Traditionally, these assets are illiquid and inaccessible to the average investor. However, tokenisation changes this by converting ownership into digital tokens on a blockchain, drastically improving liquidity, reducing entry barriers, and enhancing transparency.
In this context, music is one of the most promising sectors, and Music Protocol is here to lead this evolution. Music Protocol enables tokenising the economic exploitation rights of music assets. This means it transforms music into an open asset class accessible to traditional investors, unlike the current scenario where the music industry is essentially a closed world, accessible only to insiders.
The $RECORD Token: Central to the Music Protocol Ecosystem
Music Protocol is a blockchain ecosystem created by a team with extensive experience at the highest levels of the music industry that serves as a technological market infrastructure to digitalise the music industry, particularly in legal processes and intellectual property ownership.
The main application of the Music Protocol focuses on Real-World Assets, allowing for tokenising cash flows within the industry through Music Bond Contracts. This transformation makes music an accessible asset class for retail investors and traditional finance.
$RECORD is the native token of the Music Protocol ecosystem
Its utility is expected to evolve progressively through the various project phases. In the mid-term, $RECORD will manage validation activities, governance, and incentives on the Music Protocol sovereign chain, with additional functionalities for the ecosystem’s execution layers operating within a framework of Functional Modularity.
Before the mainnet release, Music Protocol will operate on the Base blockchain with a set of smart contracts. This strategy delegates validation activities to an external network during the initial phase, focusing primarily on industry adoption processes. The $RECORD rewards will drive adoption rather than incentivise the validation network.
The principal utility of $RECORD is maintaining and governing the Music Protocol sovereign chain, which will tokenise licensing agreements and cash flows related to music.
Detailed Tokenomics of $RECORD
The $RECORD token is a utility token approved by FINMA, the Swiss financial Authority. With a total supply of 1,000,000,000, it adheres to the ERC-20 standard and operates on the Base network.
Since $RECORD is designed to support the ecosystem, liquidity, and growth of the platform, here’s how the token’s distribution is structured:
Looking Ahead: How Does Music Protocol Plan Its Future?
We are building a financial model based on USDM in collaboration with major financial players to bring liquidity to the music industry and open this opportunity to retail liquidity from the crypto world. This allows participants to earn up to 20% annual returns from the music industry.
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