MeMusic

MeMusic is a blockchain-based music platform, founded in 2019 and headquartered in Seoul, South Korea, aiming to reshape the audio industry's value flow. The company's mission is to address issues within the traditionally lopsided music industry by creating a comprehensive hub for the creator economy. The platform is developed by a team with extensive experience in blockchain development, led by CEO Chong Youngsung. MeMusic seeks to empower artists and content creators by providing them with greater control over their revenue streams and interactions with their fanbase.

The business operates on three core pillars: Stations, Waves, and Streaming. Stations is a blockchain-powered platform that enables creators to manage subscriptions, sell pay-per-view content, and offer tokenized passes for exclusive experiences. Waves consolidates the company's legacy services, including a social audio application, an NFT marketplace, and a launchpad for music industry projects. The Streaming pillar focuses on revolutionizing audio content consumption through blockchain-powered royalty distribution and an AI-driven delivery system called StreamChain, which is backed by a patent. This model targets content creators, providing them tools for distribution, fundraising, and monetization, while offering fans and listeners new ways to engage and invest in music.

Revenue generation is diversified across its ecosystem. Artists can tokenize assets, such as albums and merchandise, and even create their own 'Artist Tokens' to build a platform-agnostic economy with their followers. The platform's native utility token, $MMT, powers various economic activities, including governance, rewards, and transactions on its native NFT marketplace. MeMusic also utilizes a node system, where users can purchase digital 'Station Nodes' which earn them rewards in $MMT and other tokens. This structure aims to create a more equitable system where artists can potentially earn more through a transparent, 'Pro-Artist' distribution mechanism, and fans can be rewarded for their engagement. The company has conducted several funding rounds, including a private round that raised $2.4M and various Initial DEX Offerings (IDOs).

Keywords: music blockchain, creator economy, NFT music, decentralized music, audio streaming, artist tokens, royalty distribution, fan engagement, tokenized assets, crypto music, web3 music, digital collectibles, social audio, content monetization, StreamChain, MMT token, Station Nodes, Pro-Artist distribution, music investment, entertainment software