What is Sound.xyz?
Sound is music without the middleman; a web3 music platform that is powering the next generation of artists and their communities
Problem
Artists struggle to directly monetize their work and engage with their community due to the dominance of intermediary music platforms, leading to reduced earnings and disconnect with fans. The dominance of intermediary music platforms
Solution
Sound XYZ is a web3 music platform that enables artists to monetize their music directly without intermediaries. Users can support their favorite artists by purchasing music NFTs, fostering a closer artist-fan relationship. The platform uses blockchain technology to ensure transparent transactions and ownership. Enables artists to monetize their music directly, using blockchain technology for transparent transactions
Customers
Independent artists, music enthusiasts who prefer supporting artists directly, and investors in the music and blockchain sectors.
Unique Features
Direct artist monetization without intermediaries, music NFT marketplace for fan engagement, transparent royalty distributions through blockchain technology.
User Comments
Provides a unique platform for artists.
Great way to support independent music.
User-friendly interface.
Innovative use of blockchain.
Positive impact on the music industry.
Traction
Unable to gather specific traction data from the available sources.
Market Size
The global music streaming market size was valued at $24.4 billion in 2022, expected to grow with the increased adoption of digital music formats and blockchain technology.
