GALA Music: Revolutionizing Music Streaming with Web3 Technology
- Access Equity DeFi , LLC
- Dec 15, 2023
- 2 min read
The traditional music industry has long been a system that places significant burdens on musicians. Despite good intentions, it confines artists with contracts, erects barriers between them and their fans, and hampers the free development of creative expression. Gala MUSIC offers a fresh haven for artists seeking more control, transparency, and enhanced monetization, while also providing listeners with a more interactive and rewarding musical experience.
What is Gala Music?
Gala Music is a web3 music distribution and streaming service. Artists sell Tracks, which users can pair with Nodes and stream for anyone to listen to. Points are earned by Track owners, Node owners, and the musical artist based on the frequency of users streaming their tracks. These points determine payouts for all involved parties.
To conceptualize the diverse music industry landscape, it is imperative to recognize the five key segments: Listeners, Fans, Owners, Hosts, and Artists. Each group contributes to the industry's vibrancy and economic potential. Gala Music offers a highly interactive and inclusive musical experience.
Benefits for Gala Music Community Members:
Artists: GALA (MUSIC) prioritizes artists, providing on-chain data about their sales, streams, and 'All Access' items and experiences. The tier system for song releases allows artists to increase the availability of tracks based on popularity. Revenue streams come from primary track releases, secondary market sales, and platform incentives.
Listeners: The GALA (MUSIC) platform offers an expanding catalog of artists with high-quality sound, a mobile-optimized site, and features like concerts and videos. Unique plays are tracked to rank popular songs and reward track owners. The companion app STGE enables fans to share live moments with performers, supporting the ecosystem through play counts and various incentives.
Fans: GALA (MUSIC) allows artists to identify and interact with their supporters, providing a unique insight into their fan base. Fans have the opportunity to engage and be recognized by artists, fostering a sense of community, and supporting new musicians.
Hosts: GALA (MUSIC) Jukebox Operators share distribution rewards with track owners. They can 'opt in' as community hosts, earning $MUSIC without owning tracks. Jukeboxes have a 20-hour minimum uptime requirement and can host up to ten tracks.
Owners: Those buying music tracks can host them with GALA (MUSIC) Jukeboxes and receive $MUSIC (tokens) based on song performance, measured by the 'Popularity Algorithm.'
In conclusion, Gala MUSIC presents a transformative vision for the music industry's future, addressing the constraints faced by artists and introducing the $MUSIC token to empower both artists and fans. The mission extends beyond distribution to revolutionize the essence of the music industry, emphasizing community, creativity, and connectivity. Gala MUSIC is more than a platform; it is an invitation to participate in a more equitable, dynamic, and vibrant musical world.
For more information, here are three places to begin your own research!
Website: https://music.gala.com/
Whitepaper: https://music.gala.com/Gala_Music_Whitepaper.pdf