Want to share in the success of your favorite artists? Now you can
It's an all-too-common problem: artists have brilliant ideas for albums that take them in a new creative direction, but record labels stand in their way.
But now, a blockchain-based music platform is promising to give creatives complete control over their works — all while allowing devoted fans to get involved in the production process.
Corite says it eliminates the need for record labels and managers altogether by enabling artists to secure funding directly from the public integrated with BNB Chain.
Musicians can now make key decisions — determining how much they need to raise in order to release an album or a song, with their backers getting a share of the royalties.
Corite leverages blockchain-based crowdfunding to give artists full control over their content and access to new models of interacting with fans via NFTs. Users can also support the musicians with fiat money, and there is a crypto payment option available.
Furthermore, its native token CO will exist as a BEP-20 token. BEP-20 is a token standard on BNB Smart Chain.
With BNB Chain integration, fans will have access to a variety of trusted and liquid assets provided by the BNB Chain ecosystem.
Corite currently supports BNB, BUSD, USDT, and USDC — with BNB Chain offering significantly lower gas fees for users when compared with Ethereum. It's critical to keep transaction costs under control on a platform that runs on contributions from the community, users, and fans of all portfolio sizes.
The integration with BNB Chain means fans who make a financial contribution will receive part of the proceeds when songs are streamed on Spotify, Apple Music and YouTube — with the blockchain used to track how frequently songs are played.
Corite's concept goes far beyond delivering
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