Introducing Tune.fm, the Tokenized Music Streaming Marketplace

 

The music industry has been a long history of technological disruption. As new sound recording and playback devices created physical products with music recordings there became a market for distribution and sales of those musical products and experiences.

As terrestrial radio became a huge source of discovery, ways to monetize music broadcast and performance rights emerged as a way to compensate artists. Once the internet showed up and Napster came online, the business model of the music industry changed forever as, all of a sudden, all music became free in a decentralized peer-to-peer file sharing network.

Tune.Fm — Music Social Network

In addition to a music streaming platform with core audio technology, Tune.FM has a whole social network layer which enables artists and fans to engage directly with each other through fanning, reviewing, and direct messaging. We are creating the music social network of the future with seamless value transfer throughout. Unlike existing platforms which don’t have direct relationships with artists, Tune.FM connects artists directly with their fans and fans can connect directly with artists they love.

Crowdsourced Review Rewards

Reviews are a critical way that fans can engage directly with the music to add value by providing their commentary, curation, and musical opinions. For the first time ever, we will monetize music reviews by gamifying music critic levels and providing review writing contests with JAM reward payouts based on crowdsources upvotes and downvotes. By spending JAM, artists will be able to purchase packages of reviews of their music by certified music critics who have achieved a certain level review status and bundle that with stream minutes. Artists can also hold writing contents which any fans can participate in and their answers are upvoted and downvoted so the high ranking reviews receive the higher proportion of the JAM reward. This way new fans can participate in the music review curation process and compete to with JAM rewards which allow them to achieve new levels of music critic status opening new opportunities to earn more JAM for paid expert music critic reviews. Artists paying for these services in JAM will fund the demand side of the curation market with supplemental JAM funding from the JAM treasury reserve to incentivize more activity when necessary and fans will receive 90% of the payout for their reviews.

Playlisting

Playlist will be a key way that fans can earn JAM as curators. Fans will be able to easily build playlists while browsing for music on the platform. Once they publish their playlists they will be able to market them with JAM for listens giving more paid listening opportunities. As the playlists gain more followers, the curators will get paid a portion of the stream revenue of the whole playlists.

Different playlists can skew towards paying more towards the artists, more towards the fans, or relatively cost neutral. Either way the curator will get a small portion of the streaming payments going between artists and fans on that playlist.

Radio & Broadcast

Radio and broadcast will be a huge feature to Tune.FM. In addition to on-demand streaming, Tune.FM will be all about discovery and radio makes discovery effortless. Fortunately, when discovering new music, artists are also trying to get their music out there to new fans, so the symbiotic relationship combined with micropayments allows for the first of its kind radio that pays you to listen. There will be all kinds of fan curated and artist curated radio stations that play all types of music and listeners will be able to select radio stations that pay them JAM to listen or pay a little JAM out to artists to listen. There will also be stations that balance the two and remain cost neutral so listeners have ultimate control with simple options and sliders. Users will also be able to DJ radio stations and broadcast their voice directly into their microphones to announce various songs, host talk shows and podcasts, and record snippets to play in between songs for station customization.

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AUTHOR: jordi222

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