In the dynamic world of digital music, a groundbreaking shift is underway. NEWM is redefining the music streaming experience, harnessing the power of the Cardano blockchain to set a new industry standard.
The traditional music industry often sidelines artists, but NEWM is changing this narrative. Artists retain full ownership of their work and receive direct royalty payments, acknowledging their hard work and rewarding their talent appropriately.
It’s not just about listening to music; it’s about actively participating in an artist’s journey. This deeper connection allows fans to support their favorite musicians more meaningfully.
NEWM fosters a community-owned platform, facilitated by Cardano’s blockchain technology. This ensures a decentralized, transparent, and equitable environment for all users.
At the technological forefront, NEWM’s choice of Cardano reflects a commitment to efficiency, sustainability, and security. These are critical factors in the evolving digital landscape.
NEWM also introduces an innovative marketplace where music meets Decentralized Finance (DeFi). Users can trade and auction music NFTs, bringing music ownership into the digital age.
NEWM isn’t just a platform; it’s an ecosystem. It offers everything from high-quality streaming to a user-friendly wallet and real-time NFT value tracking.
What is NEWM?
NEWM is a groundbreaking platform in the music streaming and digital rights marketplace, built on the Cardano blockchain. It’s designed to revolutionize the music industry by empowering artists, fans, and the broader music community through innovative blockchain technology. With a focus on decentralization, NEWM challenges the traditional dynamics of the music industry, shifting power and control from major streaming services and record labels to the artists and their fans.
For artists, NEWM offers unparalleled control over their work. They retain full ownership of their music and receive royalties directly, ensuring fair compensation. This model disrupts the conventional revenue streams in the music industry, where artists often receive minimal profits from their creations.
Fans also benefit significantly from NEWM. They can actively support their favorite musicians, not just through streaming but by directly investing in music through the purchase and trade of music NFTs. This creates a more engaging and rewarding listening experience, transforming fans into active participants in the artists’ success.
NEWM’s use of the Cardano blockchain ensures high security, reduced transaction fees, and sustainability. The integration of NFTs and DeFi elements further enhances the platform, offering new ways to value, trade, and invest in music. With its unique features, NEWM is set to create a more equitable, transparent, and user-centric music ecosystem.
NEWM’s Vision and Core Principles
NEWM’s vision is to fundamentally transform the music industry by leveraging the power of blockchain technology, specifically on the Cardano platform, to benefit artists, fans, and the entire music community. Its core principles are rooted in empowerment and innovation.
Empowerment of Artists: NEWM disrupts traditional music industry models by giving artists full control over their creations. Artists on NEWM retain complete ownership of their music and receive a larger share of royalties directly. This model challenges the norm of major streaming services and record labels, ensuring artists are fairly compensated for their work.
Engagement of Fans: NEWM redefines the fan experience by enabling deeper involvement. Fans aren’t just passive listeners; they can actively support and financially benefit from their favorite artists’ success. This approach fosters a more intimate artist-fan relationship, transforming fans into stakeholders in the artists’ careers.
Community-Centric Approach: At its core, NEWM cultivates a community-owned and operated platform. By removing traditional middlemen and utilizing a decentralized market, it creates a transparent and equitable environment. This principle ensures that the platform is governed by its users, aligning the interests of artists, fans, and investors.
Innovative Use of Technology: Utilizing the Cardano blockchain, NEWM introduces advanced security, reduced transaction fees, and sustainable, research-driven development. The integration of NFTs further enhances the platform by creating a new asset class in music, offering unique opportunities for ownership and investment.
How to use NEWM?
You can stream, connect your wallet and collect songs on-chain:
You can go to the music store, listen to a song and buy “stream token bundles” to get the right of owning future royalties:
After signing the transaction, you will own “stream tokens” that will give you various rights:
- What is the process for acquiring streaming rights with Stream Tokens on NEWM?
Purchasing Stream Tokens on NEWM grants you the opportunity to own a share of future streaming royalties alongside your preferred artists.
- Is there a limit to the number of Stream Token bundles I can buy?
You are free to buy as many bundles as you wish, but to ensure fairness for all, there’s a cap on the number of bundles you can acquire in each session.
- On which platforms can I stream the songs?
The songs are available on most major streaming services, such as Soundcloud, Youtube Music, Spotify, Tidal, Amazon Music, and Apple Music (for tracks with lyrics). Additionally, NEWM plans to launch its own streaming service within the app, promising quicker and higher royalty payments compared to traditional platforms.
- When and how can I collect my royalties?
The timeframe for royalty payments varies across streaming platforms, often taking six months or longer. We encourage patience and invite you to join our communities for updates on when royalty claims will be open.
- How can I stay updated about my Stream Token purchase?
To keep informed about your purchase, subscribe to the ‘NEWMusic Owner’ email list and join our community support channels on Discord and Telegram.
Features of NEWM
NEWM offers a suite of features that leverage the Cardano blockchain to transform how music is created, shared, and monetized. Here are some of its key features:
1. High-Quality Streaming: At the heart of NEWM is its music streaming service, offering high fidelity audio quality. The platform’s user-friendly interface ensures a seamless and enjoyable listening experience for fans, with the added bonus of direct artist interaction. This not only enhances the listening experience but also fosters a deeper connection between artists and their audience.
2. Decentralized Marketplace: NEWM introduces a groundbreaking marketplace for music NFTs. This feature allows users to buy, sell, trade, and auction music NFTs, which represent ownership or partial ownership of music rights. It’s a space where music meets Decentralized Finance (DeFi), facilitated by secure and verifiable digital contracts. This marketplace is revolutionary in how it enables music to be collected, traded, and valued as a digital asset.
3. Artist Empowerment Tools: Artists on NEWM can distribute their music while maintaining complete control over their intellectual property. The platform enables artists to fractionalize their music rights, offering parts of their work for sale or auction. This not only provides an additional income stream but also opens up new forms of artist-fan engagement.
4. Wallet and Financial Transactions: NEWM incorporates a comprehensive in-app wallet. This feature simplifies financial transactions on the platform, allowing users to manage their music NFTs, track real-time values, and execute transactions with ease. The wallet is designed to be intuitive, catering to both crypto-savvy users and newcomers to the blockchain space.
5. Real-Time Royalty Distribution: Utilizing blockchain technology, NEWM offers real-time royalty distribution. This ensures that artists are compensated fairly and promptly for their work, a significant improvement over traditional models where royalty payments can be delayed and opaque.
6. Community Governance: A core aspect of NEWM is its community-driven approach. The platform empowers its users to participate in governance through a Decentralized Autonomous Organization (DAO). Token holders can vote on platform developments, submit proposals, and influence the direction of NEWM.
7. Cross-Platform Integration: NEWM is designed to distribute music not only within its own ecosystem but also across major streaming services like Spotify and Apple Music. This ensures wider reach and accessibility for artists’ works.
8. Advanced Security and Sustainability: By leveraging the Cardano blockchain, NEWM guarantees advanced security measures for all transactions and interactions. The choice of Cardano also reflects a commitment to sustainability, given its reputation for energy efficiency compared to other blockchain networks.
NEWM’s Approach to Artist Advocacy
NEWM’s approach to artist advocacy marks a significant departure from the conventional music industry model, centering on empowering artists in a landscape historically dominated by streaming giants and record labels. At its core, NEWM enables artists to retain full ownership of their music, a stark contrast to traditional systems where artists often relinquish significant control and rights over their work.
This empowerment is facilitated through direct royalty-sharing mechanisms, ensuring artists receive fair and transparent compensation for their music. Unlike traditional platforms where artists might receive a minimal fraction of earnings, NEWM’s model ensures a more equitable distribution of revenues. Artists benefit from immediate royalty payments, facilitated by the blockchain technology underlying NEWM, which offers a level of transparency and efficiency not seen in standard industry practices.
Moreover, NEWM’s integration of Non-Fungible Tokens (NFTs) allows artists to monetize their work in innovative ways. They can sell partial or full rights to their music as digital assets, opening up new revenue streams and fostering a closer connection with their audience.
In essence, NEWM’s artist advocacy is about redistributing power and profits back to the creators. It’s a bold stance in an industry often criticized for its skewed financial structures, positioning NEWM as a champion for artists in the digital age.
Can you be skeptical about a small project when it manages to attract that many people?
For me, it’s clear: no.
However, it’s fair to say that they own a fair part of the tokens global allocation:
And the tokens release goes to 2028:
Market Capitalization and Price Prediction
The music industry, especially the streaming sector, is a lucrative market with significant growth potential, making it a critical area for projects like NEWM. As of 2023, the global music market is expected to grow from USD 12.60 billion to USD 19.24 billion USD by 2027, registering a compound annual growth rate (CAGR) of 8.54%.
This growth is driven by factors like increasing paid subscriptions and the presence of major companies in the streaming sector, including Spotify, Apple Music, and Amazon Music. Some other estimations give a forecast of 108 billion USD for 2032:
But NEWM will also absorb a part of the music NFT collectible market: a double play. This will grow to a 5 billion USD bu 2032:
So, is NEWM a 200x pick?
Some believe so:
For me, not quite. If NEWM takes 10% of the global music market and 10% of the music NFT collectibles: it’s a target of 10 billion USD.
That’s a 100x from the current diluted market captalization by 2032:
In conclusion, NEWM’s innovative approach to music streaming and royalty distribution represents a significant shift in the music industry. By allowing individuals to purchase Stream Tokens, NEWM empowers music enthusiasts to directly engage with and benefit from the success of their favorite artists. This model not only democratizes the process of music revenue sharing but also fosters a closer connection between artists and their fan base. While the platform offers flexibility in the number of bundles one can purchase, it also maintains a fair system by limiting the amount per session. This ensures a more equitable opportunity for all interested parties.
The integration of major streaming platforms like Spotify, Soundcloud, and YouTube Music, coupled with the promise of a dedicated in-app streaming service, showcases NEWM’s commitment to accessibility and enhanced user experience. However, potential investors should be prepared for the variable nature of royalty payouts, which can take several months. Participation in the NEWM community through platforms like Discord and Telegram, along with subscribing to the NEWMusic Owner email list, is crucial for staying informed and making the most out of the investment. Overall, NEWM’s approach marks a progressive step in how we interact with and support the music industry in the digital age.
This is not financial advice. This article is not sponsored. I do not own the NEWM token.