A new blockchain-based platform wants to empower independent artists and the fans who support them.
Based on the Solana blockchain, Independent is a decentralized marketplace that caters to the interests of independent musicians by allowing them to share a slice of the pie with their fans. The goal is for artists to release music as NFTs and monetize their creations while empowering their fans.
Built on the Solana blockchain, Independent is powered by the creators of monk mafia, an NFT marketplace that has made international headlines after receiving support from a number of top backers in Asia. These include Keiji of chart-topping J-pop group EXILE and award-winning Netflix documentary filmmaker Nirmal Purja.
Artists who release on Independent choose the percentage of their song’s royalties to put up for sale before hitting it as an NFT, as well as a unique digital cover art. And since the core of blockchain technology lies in its authenticity and security, every NFT will have built-in smart contract integration. Fans who invest in the music will then become co-owners and receive royalties from services like Spotify and YouTube.
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They can also join the Monk Mafia community in Discord to access mini-games with real-world rewards.
Learn more about Independent here.