Revolutionizing Music: Community-Driven Web3 Label Launches with Meme-Culture Innovation
news
2 min read
The First Community-Driven Web3 Music Label with Meme-Culture: Beats of Meow Prepares for Launch
BeMeow (Beats of Meow), a pioneering initiative, is set to revolutionize the music industry by introducing a community-driven web3 record label that harnesses the power of meme-culture. The innovative platform is poised to reshape the way artists are compensated and connect with their audience.
Instead of traditional non-fungible tokens (NFTs), BeMeow will utilize memecoins to digitize music on the blockchain. This unorthodox tokenization approach enables songs to have their own dedicated trading charts, allowing for a unique revenue stream. The generated revenues will be reinvested into an organic ecosystem that supports independent artists in making a living from their music releases.
BeMeow’s innovative approach extends beyond mere tokenization. By empowering its community with generative AI tools within its Telegram group, the label encourages creative freedom and collaboration. This democratization of music creation enables users to craft and submit original tracks without requiring professional musical expertise. A points-based system will reward promotional engagement, allowing users to contribute to their favorite artists’ success.
Furthermore, BeMeow will feature a voting mechanism that determines which songs are released on prominent music streaming platforms such as Spotify, Apple Music, and Tidal. This collective decision-making process allows the community to take an active role in shaping the label’s artistic direction.
The platform also plans to introduce copyright tokens and music index tokens, poised to make music a more accessible and diversified investment class. The integration of these instruments aims to broaden the scope of blockchain-based music applications.
BeMeow is set to launch its native label token, $BEME, in January 2025, with a current presale available. The token represents the ecosystem’s overall value and will play a crucial role in supporting its long-term viability through a vesting model that gradually releases tokens to early supporters.
To encourage further growth, BeMeow has implemented a two-tier referral program, offering additional rewards for introducing new fans to the project.
Source: cryptocurrencynews.com
