Unchained Music Announces Partnership with Avalanche to Deploy Artist Royalty Funds

04/22/2023 09:01 • Tech Ticker • 91 views

On April 22nd, the Web3 music platform Unchained Music recently announced a partnership with Avalanche to specifically deploy artist royalty funds to Avalanche C-chain in various reviewed DeFi agreements.

Web3 music platform Unchained Music collaborates with Avalanche

On April 22nd, the Web3 music platform Unchained Music announced a partnership with Avalanche to deploy artist royalty funds to Avalanche C-chain in various reviewed DeFi agreements.

What is Unchained Music?

Unchained Music is a web3 music platform dedicated to financially empowering artists and creators by using blockchain technology. The platform offers artists an opportunity to mint their own digital currency, which can be sold for various EQTs (Equity tokens), such as Bitcoin, Ethereum, and many others.

What is Avalanche?

Avalanche is a blockchain platform that aims to increase enterprise adoption of blockchain technology by providing fast, scalable, and customizable solutions to its users. It is a platform that supports interoperability across various blockchain networks while also ensuring security and privacy.

The Partnership

The partnership between Unchained Music and Avalanche aims to deploy artist royalty funds to Avalanche C-chain in various reviewed DeFi agreements. Unchained Music sees Avalanche as an ideal partner to support its mission of financially empowering artists and creators through its fast and efficient blockchain technology.
With Avalanche, Unchained Music will be able to secure artist royalties and distribute them amongst creators on the platform without any delay. Additionally, Avalanche’s C-Chain provides a secure and scalable environment for the distribution of royalties, ensuring that the money reaches the artists without any intermediary involvement.

Benefits of the Partnership

The partnership between Unchained Music and Avalanche brings several benefits to artists and creators. Firstly, it ensures timely payment of royalties to creators, a significant challenge in the music industry. Secondly, it eliminates the need for intermediaries, reducing the costs associated with royalty distribution. Finally, Avalanche’s blockchain technology ensures the security and transparency of the royalty distribution process.

The Future of Unchained Music and Avalanche Partnership

The partnership between Unchained Music and Avalanche is expected to have a significant impact on the music industry, delivering the much-needed financial vitality in the sector. The platform aims to help eradicate the barriers to entry for up-and-coming artists and hopes to make music a more profitable career for creators.

FAQ

1. What is Unchained Music?
Unchained Music is a web3 music platform that financially empowers artists and creators through blockchain technology.
2. What is Avalanche?
Avalanche is a blockchain platform that provides fast, scalable, and customizable solutions to its users.
3. What are the benefits of the partnership between Unchained Music and Avalanche?
The partnership ensures timely payments of royalties to creators, eliminates intermediaries, and ensures the security and transparency of the royalty distribution process.

Conclusion

Unchained Music’s partnership with Avalanche highlights the critical role blockchain technology can play in the music industry. It ensures the security, transparency, and timely payment of royalties to creators without intermediaries. With this partnership, Unchained Music is on its way to revolutionizing the music industry, providing artists with more financial freedom and opportunities than ever before.

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