NEWM’s music streaming platform and marketplace will revolutionize the royalty distribution process, creating fair shares for all. Using blockchain technology, artists can securely sell/auction partial music rights directly to fans, music labels, and investors via NFTs; the more successful artists become, the more value NFTs hold. This creates intrinsic monetary incentives to ‘spread the word’ and generates income for all NFT owners.

We’re making music a collectors item again by creating a new asset class. Music never sounded so equitable for artists and investors alike.

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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