Melos StudioPrice

(MELOS)

Melos Studio is a Web3 platform focused on the creation, discovery, and collection of original music. It seeks to empower musicians and music creators by providing an ecosystem for their work to be heard, collaborated on, and monetized. The project addresses the challenge of unheard music and aims to enable creators to earn through dynamic MusicBlocks, which serve as proof of creation or co-creation. It's designed to liberate musical talent and foster a thriving creative environment.

Melos Studio employs blockchain technology and NFTs (Non-Fungible Tokens) to capture musical inspirations and create unique digital music assets called MusicBlocks. Each MusicBlock's "DNA" carries distinct music pieces, with scarcity and value inherited upon forging. The platform uses NFTs in conjunction with IPFS to ensure the widespread and permanent existence of MusicBlock NFT arts. All transactions are recorded on-chain, facilitating profit-sharing among co-creators when subsequent NFT generations are sold.

MusicBlocks are dynamic music NFTs, serving as fundamental components of the Melos Studio ecosystem. They act as verifiable proof of creation or co-creation, enabling users to add value to an individual NFT and its value chain, such as by remixing a tune or song. When multiple MusicBlock NFT holders forge their NFTs to create new musical works, a "Jam-Forge" is produced, crediting contributors based on their input. Melos Studio also provides in-house creation tools, including an AI assistant named Metis, to aid music composition.

The MELOS token is the native cryptocurrency of the Melos Studio ecosystem. Its utility generally includes governance, payments, access to platform features, and staking within the ecosystem, although specific functions can evolve. A notable feature of MELOS is its taxation system applied to buy and sell orders. A portion of the fees generated from these transactions is then allocated to fund liquidity pools and support token burn or buyback events, contributing to the token's economic model.

Melos Studio addresses copyright and originality by fostering a community-driven reporting system for infringement, aiming to protect musicians from piracy. The platform is designed to ensure that all music creators are properly credited and empowered to create without fear of their work being stolen. Each MusicBlock meticulously records essential information, such as the identity of the author and any co-creators, along with the precise time of creation, establishing an on-chain provenance for every musical asset.

Melos Studio envisions becoming a vital incubator for music creators, virtual bands, and music studios, supporting artists and organizing music festivals. The aim is to cultivate a dynamic music ecosystem rich with ideas and inspirations that members can collect and interact with, establishing unique NFT utility. Future initiatives include exploring "NFT + Cash" operations, such as embedding crypto assets within MusicBlocks for fans to discover. The project also plans "MelosBoom," an initiative merging AI, DePIN technology, and blockchain to create a decentralized audio experience and marketplace with a listen-to-earn system.