Zilliqa Joins Token || Traxx, Brings Music and NFT to a Different Level by CoinQuora
Zilliqa Partners With Token || Traxx, Brings Music & NFT To A Different Level
- Zilliqa partners with Token || Traxx.
- Zilliqa’s new partnership will open up exciting engagement opportunities in the music industry.
Zilliqa partners with Token || Traxx, an NFT music platform with the goal of making the music industry fairer and more rewarding. In addition, the network also aims to position itself at the center of the music creator economy by leveraging blockchain and NFTs to entice artists and fans. The partnership enabled Zilliqa to secure funding of $ 1.1 million. Besides Token || Traxx, Zilliqa powers platforms like Mintable, Unicutes, the gaming platform to win DeMons, to name a few.
By symbolizing the process of music creation, Zilliqa’s new partnership will open up exciting engagement opportunities that include the evolution of royalty payments, rights ownership and playlists, items found on Spotify (NYSE 🙂 and Apple (NASDAQ 🙂 Music but now turbocharged using distributed ledger technology. .
Token || Traxx is run by award-winning producer TommyD and former Warner Music president Miles Leonard. Zilliqa CEO Dr Ben Livshits explained:
With Token || Traxx, we have a powerful team that draws expertise from music and entertainment, technology, and business. Together, I believe we are able to make the music industry more rewarding for everyone by leveraging the benefits of blockchain.
In addition, Zilliqa co-founder Max Kantelia also expresses his thoughts on the partnership. “Token || Traxx has created a revolutionary model that will enrich the value chain of music creation, consumption and collection. Music has always been a passion for me, and now I have the opportunity to see a new layer of it unlocked with my other passion: blockchain. He added,
I am delighted to see that tokenization is applied to millions of music fans around the world. Looking forward to launching what will be a harmonious collaboration between Zilliqa, Token || Traxx and myself!
On the other hand, Token || Traxx’s partnership with Zilliqa allowed the NFT music platform to instantly access the renowned, secure and scalable protocol of the former, known for its low cost coinage and fee. modest essence. With this, Zilliqa will process thousands of transactions per second.
There is a complex and symbiotic relationship between the creators, curators and collectors of the music community, ”says Miles Leonard. “Their unique roles are all coordinated by the implementation and love of music. The Token || Traxx platform, through this partnership with Zilliqa, will allow these three essential roles to work and profit together, using a new revenue stream that relies on NFT technology.
By partnering with Zilliqa, the NFT music platform will enjoy instant access to the renowned, secure and scalable protocol of the first, known for its low cost coinage and modest gasoline costs. The first unlicensed blockchain and smart contract platform to be built on a fragmented architecture, Zilliqa is capable of processing thousands of transactions per second.
NFTs are the foundation of our future, with features that can redefine and enhance the value of music, ”predicts Leonard. “We are confident that Zilliqa’s cutting edge blockchain technology solution will bring music fans closer to this space.
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