August 03, 2022 - 3 min read
SupraOracles is delighted to announce a partnership with MeMusic. Memusic is a blockchain-based platform that provides multiple services within an inclusive environment. MeMusic is an innovative platform transforming the music business that uses blockchain technology to customize the music ecosystem for its consumers. They offer the most pleasing user experience and technological advancements.
MeMusic’s architecture is a combination of decentralized storage and blockchain technology. Blockchain implementation lets users participate in transparent rewards, incentive activities, and decentralized governance. In addition, decentralized storage can minimize operational expenses and improve the platform’s security.
MeMusic employs NFTs and the notion of social tokens. Using artist tokens, artists can tokenize themselves. As a result, artists can develop a platform-independent economy with their followers and investors using artist tokens. In addition, artists can offer exclusive access to live performances, merchandising, and even non-fungible tokens.
Through this partnership with SupraOracles, MeMusic will be able to utilize the use case of blockchain to record and distribute royalties for the music that is available on MeMusic. This will help MeMusic to grow more.
Youngsung Chong, CEO of MeMusic, commented:
“We are pleased to be connected with SupraOracles. The partnership with SupraOracles is an excellent opportunity for us as we can use their use case regarding the blockchain for recording and distributing the royalties to the owner of the music. In addition, the data provided by the SupraOralces will also help our community to grow immensely.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We are happy to partner with MeMusic, which provides a personalized music experience for its users. MeMusic is a blockchain-based music ecosystem, and we believe it will be able to engage more users in the future as their music platform continues to entertain the masses.”
SupraOracles combines traditional financial markets with Web3. Our goal is to provide a powerful cross-chain oracle to the developer community. SupraOracles enables interoperability smart contracts to guarantee the future of financial markets by integrating real-world data into public and private chains. The ability to create, deploy and manage data applications that are faster, more agile, and more resilient is also provided by this technology.
MeMusic is the next-generation competitor to Spotify, utilizing blockchain technology to create a tailored music experience. MeMusic is an end-to-end platform for all participants in the music distribution vertical supply chain, including artists, publishers, labels, distributors, and listeners. We are constructing an inclusive ecosystem to offer various services, including streaming, Defi, NFTs, and commerce.
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