In 2023, Gala Music was introduced as a decentralized music platform. It aims to transform the music industry by utilizing Blockchain technology. Gala Music, based on GalaChain, seeks to empower artists with more autonomy over their music and to enhance the experience for fans, providing them with more interactive and rewarding interactions. Through the removal of conventional middlemen, Gala Music guarantees equitable revenue distribution and promotes direct interaction between artists and their supporters.
Gala Music utilizes NFTs on GalaChain, allowing for efficient transactions with low fees. The platform divides users into artists, listeners, and node operators. Artists can sell tracks through a tiered rarity system, while fans can purchase and host tracks on Jukebox nodes to earn revenue. Node operators, or Jukebox operators, ensure music availability and share in the generated revenue. Track owners operating a Jukebox can keep 100% of their music revenue. The platform also provides exclusive events and loyalty programs to enhance fan-artist relationships.
MUSIC has a total supply of 1,000,000,000.
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