(MIAMI, FL) - CasperLabs, a leading enterprise blockchain software company, just announced the launch of Dmusic, a new non-fungible token (NFT) platform created for the music industry, in partnership with Megalodon. Megalodon is a management consultancy firm that seeks to enable new revenue models and increase community participation through blockchain technology.
The launch of Dmusic marks a significant milestone for the music industry, as it creates less distance between artists and their fans. Dmusic allows musicians and artists to have more control over their IP and receive remuneration for their work while increasing fan engagement for both high-profile and independent artists.
Kamal Hotchandani, CEO of Haute Living and Co-founder of Dmusic, stated:
"At Dmusic we believe that those who create music and art want innovative, trustworthy ways to share their work with the world. Building on Casper helps us forge stronger connections between artists and fans, and makes novel revenue models possible, including tiered access, direct one-to-one interactions and possibly even revenue sharing. We will help creators embrace blockchain technology so that they can participate fully in the commercialization of their work."
Dmusic is a trusted blockchain platform for high-profile musicians who seek more authentic interaction with their communities, as well as those who want to "own their own digital record shop." With the music industry heading toward decentralized marketplaces, as well as songs and albums being represented as NFTs, powerhouse innovators in the music world expect the frictionless and simple customer experience that Dmusic provides in order to field the demand of high-end brands and discerning buyers seeking early access to exclusive deals and experiences.
"It is no secret that other music technologies, and streaming in particular, have created more and more distance between artists and their fans, and given musicians less control over their own work. Blockchain is different. At CasperLabs, we believe that creators should have control of their IPs. That is why we are working with Dmusic to create a blockchain-powered plug-in to allow musicians to create and offer their work directly to consumers as NFTs, cutting out the middleman and shifting power back to the creator,” said Cliff Sarkin, Chief Operating Officer of CasperLabs.
CasperLabs’ Casper Network is a proof-of-stake public blockchain platform that is expected to bring next-generation capabilities to the crypto ecosystem with advanced scalability, decentralization, and security integrations. Led by former Microsoft, Google, and Adobe executives, CasperLabs aims to pioneer the future of blockchain technology as their network is designed to support increasing technological advancements while hedging against heightening risks associated with blockchain technology.
Sarson Funds believes that the digital asset ecosystem will enable many industries to expand their product suite through NFTs. In the music industry, Dmusic will not only increase valuable interactions between musicians and fans, but it will also simplify the ways artists can create and offer NFTs to their supporters through their own preferred channels. Additionally, CasperLabs' deployment of NFT capabilities will help the art community utilize blockchain to fully participate in the commercialization of their work and experience greater representation and appreciation in the digital age.
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About CasperLabs
CasperLabs, a leading blockchain software company for the enterprise market, is re-imagining blockchain for enterprise with a future-proof solution. The company also provides development, support, and advisory services for organizations building on the Casper network. Guided by open-source principles, CasperLabs is committed to supporting the next wave of blockchain adoption among businesses and providing developers with a reliable and secure framework to build private, public and hybrid blockchain applications. Its team possesses deep enterprise technology experience with a cumulative 100 years of enterprise experience, hailing from organizations including Google, Adobe, AWS, Dropbox and Microsoft. To learn more, visit https://casperlabs.io.
