[ad_1]
ANote music, Is the music franchise investment market, today announced that their platform has joined Algorand, Proof-of-stake blockchain Technology platform.
Since music assets and NFTs on artists, distributors and record companies can be tokenized, the new music catalogue listed on the ANote Music platform will provide investors with tokens, thus providing the right to obtain part of the future royalty stream . This provides opportunities for artists, who can benefit from increased catalogues, improved use of rights, etc., while at the same time providing investors with alternative diversified assets.
This is an important milestone for creators with an ANote directory, as it marks the first time tokenized rights and NFTs have entered a market where they can be created and exchanged. Listing music rights on ANote Music gives creators the opportunity to share success with their network and fan base, and at the same time immediately obtain a new funding model.
Gregoire Mathonet, CTO and co-founder of ANote Music, said: “ANote Music is pleased to integrate Algorand as the core blockchain system of its operations. Algorand provides the flexibility, security, speed and low cost that we have been looking for. Expenses. For users of our platform, the ease of traceability of registered claims is undoubtedly another added value. “Logical transaction signatures” make various integrations possible, which is toward the use of actual business solutions The blockchain is a big step, and we hope this is just the beginning of a huge development in the music industry.”
ANote Music will also introduce a specific area where music enthusiasts can get collectible NFTs directly from their favorite artists. NFT will be launched on Algorand. Investors will receive and manage these NFTs in their Algorand wallet and be able to track everything on Algoexplorer.io.
Headquartered in a European financial hotspot, ANote Music is jointly funded by the government of the Grand Duchy of Luxembourg. It is very suitable for democratizing music investment and providing a secure trading platform for music-related NFTs, leading the way for development.
“We are very pleased to see ANote take full advantage of Algorand’s layer 1 core functions because they include blockchain-based solutions and reshape their business model into a more transparent, accessible and inclusive business model,” Said W. Sean Ford, Algorand’s chief operating officer. “As creators and the organizations that support them gradually understand the critical success factors and advanced technologies needed for sustainable development and a lasting future, Algorand sees the growing appeal of NFTs.”
ANote Music is a European market for investing in music royalties. It was established in Luxembourg in January 2018 by Marzio F. Schena, Matteo Cernuschi and Grégoire Mathonet. In January 2020, ANote Music closed its 500,000 euro financing led by the Dutch Concert Hall. A leader in the European music industry. Luxinnovation, the Luxembourg national innovation agency, also provides support to ANote Music, enabling them to obtain government funding.
[ad_2]
Source link