Nomad Media Club launches the world’s first NFT powered audio streaming platform
Last year, a single piece of the non-fungible token (NFT) art was sold at Christie’s Auction for a record-setting $69.3 million, making it the most expensive digital art ever sold. Since then, the NFT craze has taken the gaming and digital art market by storm and shows no sign of cooling. Now, NFT is about to disrupt the music industry.
Just last month, streaming giant Spotify announced the plan to add blockchain and non-fungible tokens (NFTs) to its streaming service, a move that many experts believe will boost earnings for artists and dramatically change the music industry as we know it. However, one Dublin-based tech startup appears to have beat Spotify to the punch.
Today, Dublin, Ireland-based Nomad Media Club announced the launch of the world’s first NFT-powered audio streaming platform to create a holistic home for audio sharing and social networking, built on the foundations of crypto.
First of its kind Web 3 streaming platform, the Nomad Media Club opens its artist pre-registration program today in anticipation of the first holistic home for audio sharing and social networking, accessed purely through ownership of NFTs. The shared audio Social Hub platform is part of the 2023 vision of a Nomad Mediaverse with open borders and monetization opportunities for creatives exploring Web 3 opportunities.
From today, musicians, podcasters, and artists can pre-register to mint one of Nomad Media Club’s 5,000 unique and metaverse-ready Founders Pass NFTs as the genesis of the Nomad Mediaverse. This pass enables the owner to share and stream content, network with artists and listeners, access free community resources and expertise, as well as multiple opportunities to accrue crypto while using the platform.
Founded by Amine Oubrahim, the new platform is designed to disrupt subscription-based streaming models and build a platform for non-established artists to benefit from digital commercial opportunities, the Social Hub employs layer two protocols that allow artists and podcasters to earn and keep 100% of their revue in crypto royalties. Crypto earned by artists and listeners can then be used for utilities and services on the platform, as well as staked or sold on third-party marketplaces, without the contractual or financial ties of a typical music streaming platform.
$NMC token is the native incentive token of the Nomad Media Club, used to reward all members of the platform; the creators, the users, and the founders (owners of ‘Phase 1’ Nomad Media Club NFTs).
Tokens can be used in a variety of ways on the platform from buying merchandise, e-learning resources, event tickets or music records, to tipping creators and staking to earn even more $NMC.
As the NFTs are metaverse-ready, owners will be able to launch their 3D avatar model in Decentraland, with all elements available as individual trait-level items, including the Nomad avatar itself, plus the instrument, headphones, and the Nomad’s home planet.
Commenting on the launch, Nomad Media Club founder, Amine Oubrahim said, “Our aim is to create a decentralized platform that encapsulates our core values of curiosity, freedom, and connectivity. Through the people-driven elements of Web 3, we’re building a community which celebrates our individuality and freedom of choice online, and believes firmly in the fair treatment of creatives and consumers.”
To mark the take-off of the world’s first NFT-powered audio sharing platform, an exclusive vinyl record containing the first four tracks uploaded to the platform by the Berlin-based ethereal techno record label Steyoyoke will be launched into space, in the spirit of the Space Nomad theme of the NFT.
Furthermore, a unique one-of-one NFT of the vinyl has also been created and will be auctioned for charity. The winning bidder will not only gain access to this unique NFT and a Founders Pass NFT but will also own the physical vinyl record once it returns to Earth. All the money raised will be donated to the DEC’s Ukraine appeal.
Now live in the decentralized streaming space, Nomad Media Club plans to continue to disrupt convention in the audio sharing and social networking world and envisions a platform inhabited by nomads across the metaverse for years into the future.