NFT Music Verse and Stream-To-Earn Music-Fi


Have you ever considered being part of a digital music world/community? In a musical world where all you do is groove, consume, create, collaborate, communicate and coexist?

Groove up is the first Binance Smart Chain-based DAO/Decentralized music-fi app that helps artists build active fanbases and fundraising while rewarding fans for actively streaming and sharing music using intelligent contract administration.

Groove Up is built by music lovers, music creators and musical collaborators. It is built by those who know what music is and what it stands for. Those who experience, live and breathe energy.

The Music verse is a place where passionate generations of music makers and their groups of die-hard fans come, grow and make money together. Influencers and service providers can create content and earn a share of social media streaming revenue.

Groove Up aims to serve as a one-way channel for music influencers so that artists have that central point where they can engage, stimulate and mobilize GennovatorZ to create, distribute and share videos of themselves on all platforms and adapt to songs. of their favorite Groove UP artists instead of sharing them on multiple social media platforms like Twitter, TikTok, Instagram and many more.

GennovatorZ: This is the name given to GrooveUp VIP super-fan groups.

GrooveUp Goals

Is at:

  • Become the first stream-to-earn platform.
  • Become the first Music Influencers media where artists can contact groups of influencers to share their songs on all social media platforms.
  • Become the first artist-fan tokenization platform.
  • Teach users how to leverage the music ecosystem using DeFi and Music-Fi.
  • Onboard 1 million streamers within the first 3 months of launch.
  • Get the world’s most viral first artist out of the Groove up platform within the first 3 months of launch.
  • Be the first most viral artist in the world to come out of the Groove up platform within the first 3 months of launch.

Why Groove Up?

Here are the main rarities that make GrooveUp unique.

  • It is built on the BSC network which is cheap and fast.
  • GrooveUP connects artists directly to their fans, and they can send a message, voice note, etc., to all their fans in one place.
  • Fans get rewards every time they stream and share a song with their connected crypto wallet.
  • Fans can trade and decide an artist’s fame as they are tokenized.
  • Artists can fundraise from their fans by offering them a percentage of their streaming revenue for life or a specified period using the smart contract.
  • GrooveUP partners with existing streaming platforms like Spotify, Apple Music and more to reward streamers.
  • Grooveup also serves as a collaborative platform for music creators, producers, and artists to meet and collaborate.

GrooveUp Components

  1. Music-Fi: This is a term created by the grooveUp team to describe the intersection of music streaming business and decentralized finance. with Grooveup Music-fi, streamers and artists can leverage blockchain and smart contracts to create wealth for everyone who uses the app.
  2. Decentralized Exchange(DEX): The DEX offers an in-app currency exchange where groovers can buy, sell, and trade tokens with multiple token pairs. The DEX will also be a platform to stake liquidity provider tokens to earn Groove tokens as rewards.
  3. Music streaming: Streaming platforms like Spotify and Apple Music will be able to stream music from their favorite artists on the GrooveUp app.
  4. P2P marketplace: Groovers can buy and sell NFTs, artist merchandise, their artist music shares, and more. P2P transactions between artists-fans and fans-fans.
  5. Decentralized Autonomous Organizations (CAD): Voting will be available on the platform for streamers to choose who appears on the Artists to Watch feature, new feature development, and more.
  6. NFT Music Artists: With the in-app NFT Marketplace launch, artists can create, create and launch their own NFTs in minutes, offering them to interested fans on the GrooveUp Marketplace.

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How GrooveUp for Artist works

With GrooveUp, the artist is symbolized as NFTs and then offered to fans who can invest in all music-related hits. When a fan bets on an artist, its value may increase and any bet is resalable.

Fans can buy a lifetime stake in an artist’s future streaming earnings for a particular project/song and get a percentage of whatever the artist earns. Revenue will be paid directly to them using Blockchain-powered rights management and distribution. Music Investment Portfolios (MIPs) are transferable to a next of kin like any valuable asset.

Each artist has a personalized fanbase room to enable real-time engagement with their fans around the world with a single tap on the streaming app.

They can share personal messages and get feedback directly from their fan community, get opinions, share unreleased songs, and get instant fan insights. This way, they can directly fundraise from their fans for their music production and promotion. In exchange, fans earn a share of their streaming revenue across all platforms such as Spotify, Apple Music, YouTube Tidal, etc.

How to earn from GrooveUp as a fan

  • Buy and own part of your favorite artist’s musical project.
  • Connect directly with the artist and other fans through the fanbase room.
  • Trade and transact your favorite celebrity’s tokens and NFTs on the market or DEX.

Groove Corner

$Groove is the utility token of the GrooveUp application ecosystem. $Groove will be used for the following.

  1. $Groove will be the only currency used for transactions within the Grooveup ecosystem. Transactions such as; purchase NFTs from the marketplace, artist fan tokens, and future paid ads.
  2. Streamers who stake their $Groove will receive rewards such as earning staking APR, DAO proposals, random supplies, distribution, and more.
  3. The amount of Groove tokens a streamer holds determines the groover’s voice in decision-making and voting for project development.
  4. The reward will be given to active groovers based on the number of tokens they hold. Groovers determine which artists appear on the Artist to Watch feature by popular vote.

Grooveup aims to launch with BSC due to its affordable gas fees and robust blockchain networks. $Groove will be available in several well-known blockchains using the tokenized blockchain bridge system and users can access the token on all chains using the built-in multi-chain wallet.

TOKENOMIC

Token name: $Groove

Initial retail price: $0.020

Initial supply in circulation: 50,666,667

Total Supply: 2,000,000,000

Maximum supply: 1,000,000,000 grooves

Initial supply: 25,000,000 grooves

Initial token support: BEP-20

Additional token support: Ethereum, Solana, Polkadot, Tron, and Cardano.

GrooveUp is an application intended to work with existing music streaming platforms such as Spotify, Apple Music, Tidal, etc.,

Through the Groove Up app, users have access to all major DSP music catalogs, which connect artists directly to their fans to enhance the experience of traditional music streaming platforms using the reward system of blockchain tokens exclusive to GrooveUp subscribers,

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