Music Protocol price 

RECORD

Music Protocol is a modular Layer 1 blockchain designed by and for the music industry.

Summary Music Protocol transforms static music intellectual property into flexible, programmable assets. This approach generates profit and fractionalized income and licensing across the digital landscape, creating significant financial returns. By leveraging blockchain technology, we facilitate direct connections between artists and consumers, opening new avenues for fan engagement (gaming and metaverse), innovation (AI), and financial growth (RWAs).

Market - The music industry’s core asset, intellectual property, is valued at over $700 billion. - Total gross revenues in the music industry were around $70 billion in 2021, expected to rise to $153 billion by 2030. - Global recorded music revenues grew 9% to $26.2 billion in 2022. - Streaming revenues accounted for 67% of total revenues in 2021, growing by 11.5% to $17.5 billion. - New technologies like blockchain and AI have the potential to positively disrupt the industry, benefiting labels, artists, distributors, startups, and investors.

Competitive Advantage General-purpose blockchains don't address the specific needs of the music industry. Music Protocol tackles: - Market Structure Integration: Adapts to the complex ecosystem with various stakeholders. - Identity Management: Ensures stringent identity verification mechanisms. - Confidentiality: Protects negotiation and contractual discretion in an open-ledger model.

Features - IP Objects: Manage music assets and related rights comprehensively. - IP Core and Attributes: These attributes catalogue music IP on the blockchain and represent legal rights tied to the IP Core.