As anyone familiar with the music industry knows, royalty systems are implemented in almost every country through government regulation. The reason for this is to ensure that musicians and artists are compensated for the use of their performances. To benefit from these royalties, a member of the organization must exercise the right to be accredited (for example, SOCAN in Canada and SoundExchange in the United States, collecting online payment through the system. for many rights organizations. As a way to offset the costs associated with these payments to artists, large online radio networks broadcast music that monetizes using subscription systems, membership privileges, and traditional advertising.
Cyber-FM challenges this model of online radio in a number of ways. First, Cyber-FM Radio has been a leader for the past 10 years in providing listeners access to music that is not normally available on mainstream radio at no charge. Now, it is working with Mainstream for the Underground (MFTU) to add a new system in which everyone (listeners and artists) are rewarded with tokens for each song they listen to. MFTU uses an open-source online royalty payment model that functions worldwide through a distributed ledger (blockchain) system. To operate globally while also negotiating varying government regulations, the system uses a dual token ecosystem involving the CYFM token and the MFTU token. Both tokens are built on the ETH blockchain, which can be used to create a universal payment system that enables royalties to be collected and paid throughout all countries.
The CYFM token represents a regulatory compliant cryptocurrency for artists that are currently registered locally in their home countries. It will be used for payment to government regulation agencies worldwide. This means is that the CYFM tokens will not be totally decentralized as it will have to conform to regulatory requirement in different countries. The MFTU token is similar to CYFM, but it is architecturally decentralized and as such represents the only truly internationally accepted, transparent, fair, legal and cryptographic performance rights royalty system for independent artists. Any artist can register with MFTU, have their music broadcast on Cyber-FM and receive royalty payments in MFTU tokens regardless of individual membership to the performance rights organization in their home country. Fans and listeners alike can use either token in stores for merchandise, song downloads, and “tipping” directly paid to the artist (this is separate from MFTU artist royalties).
Cyber-FM Radio is a thought leader in providing listeners access to music that is not normally available within the “Mainstream.”
Chosen over the years by leading A&R Firms, Recording Studios, and Record Labels, we offer our innovative services directly to listeners at absolutely no charge.
Founded on October 11th, 2007, we have built our reputation in the Music Industry by providing our Listeners with Artists that portray an unmatched talent regularly unavailable until now.
Mainstream For The Underground
A Distributed Ledger Performance Rights Organization. A dual-token economy for Radio as well as Mainstream and Independent Artists!
Headquarters
Brookhaven, New York
Year founded
2007
Company type
Privately Held
Company size
11-50 employees
Specialties
Broadcast Radio, Media Sales, Networking Technology, Web Based Solutions, online radio, performance rights organization, and cryptocurrency
Website: https://www.cyber-fm.com/?utm_source=bounty
Telegram: https://t.me/mftudotnet
Linkedin: https://www.linkedin.com/company/cyber-fm
Facebook: https://www.facebook.com/cyberfm
Bitcointalk username: Jena Tran 189
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1875880