If NFTs Could Sing They’d Say Mozik

As discussed in previous articles, establishing an NFT marketplace is easy; but to solve some of the problems facing the music industry takes knowledge and expertise on the matter. If you look at the way Mozik’s marketplace is designed, you’ll find that a lot of its features address these issues, which is why over 10 million people use Mozik today!

Problems in Today’s Music Industry

New and growing musicians today know the struggle of getting their works out into the public, and trying to protect their material afterwards. Copyright protection is a growing issue among major publishers, so one can imagine the challenges independent artists have to face on their own in the early stages of their careers.

Music piracy is another problem that harms newly-emerging artists today, as it is one of the most pirated pieces of media out there. Without NFTs, unauthorized copies can be distributed rampantly without any way of verifying them; be it in digital form on various illegal websites, or in physical disks sold in unregulated markets.

Speaking of trading, there is currently no efficient way of trading music albums and singles on the traditional web. This is especially true for digital copies, but even for physical variants, the shipping and logistics make it an unfavorable means of selling pre-owned media; not to mention how physical media deteriorates over time.

Why Mozik

Luckily MozikNFT helps with these matters as they not only leverage blockchain in its underlying technology to solve copyright protection problems, but also to provide an open and decentralized marketplace that allows anyone to mint and sell their works. This challenges the traditional means of publishing an album, which requires a lot of sacrifices, agreeing to countless terms, paying all sorts of expenses and having to use connections to get the best deals possible.

NFTs greatly reduce piracy and set up strong obstacles for malicious users who illegally distribute forged and unauthorized copies of music. Thanks to the unique nature of non-fungible tokens, by cross-referencing them with the blockchain database, we can easily filter out original copies from the rest.

And speaking of NFTs, they allow for a seamless trading experience that doesn’t require a centralized figure. Since the blockchain helps in easily identifying which NFTs are valid and which are not, all users would have to do to trade their old albums is connect their wallet to the MozikNFT marketplace and authorize the sale.

With blockchain, everything is more efficient due to an open and immutable ledger whose blocks cannot be edited or tampered with once they’re added to the chain. Pair that with lightning fast speeds, smart contracts and accessibility and you have all the makings for a next-generational music platform — and that is just what Mozik is.

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