Artificial intelligence (AI) technologies are revolutionizing many sectors of the global economy, from retail to healthcare. The music industry isn’t excluded, AI is now used for music composing, streaming platforms, and music monetization.
The music industry is fast-growing, courtesy of the integration of AI into the music world. Many artists and stakeholders have concluded that the industry has entered a “New Era” of creativity, fueled by AI, that is leading music in a new direction. Stay with me to find out how a Playtreks AI-powered music application is leading the music industry into a golden age?
Introducing Playtreks platform
Playtreks is a new decentralized musical platform developed on blockchain to offer music artists and other stakeholders in the music industry the rare opportunity to leverage blockchain technology to achieve the following objectives: create, trade or swap their NFTs, earn from their music rights rentals, create a virtual world (Metaverse) for music artists, live streaming and sharing of music (audio and videos) and many more.
Playtreks will allow all stakeholders in the music industry that owned its native token TREKS to create, store, promote and monetize their digital content (audio or videos). The project has in-built tools for musicians or artists to upload their music to most of the available streaming platforms for global consumption.
How Playtreks works?
The PlayTreks NFTs platform was designed to enable interested users to trade NFTs with ease. The project also enables users to create collectibles and raise funds for startups.
The project has gone further to allow the user’s the opportunity to demand the original track of any interesting music. This is made possible for users through an inbuilt tool called micro-synchronize on the PlayTreks platform. Buyers can access a track after wish they have paid the creator fee, the cost is determined by the content owners or creators themselves. The amount charged in the Playtreks NFTs marketplace can’t exceed 2.5% to 3%, very cheap transaction fees against other NFTs marketplaces.
Tokenomics
TREKS is the native token of the PlayTreks ecosystem, the token was designed and created on the Ethereum blockchain, TREKS is a member of ERC 20 tokens. TREKS is a utility token that would be deployed as a means of payment for any services rendered or offered on the Playtreks ecosystem. TREKS is currently trading on the Coinsbit exchange and many CEX listing is in the pipeline.
TREKS Token Details
Token Name: Playtreks
Token Symbol: TREKS
Platform: Ethereum Blockchain
Token Type: Utility
Token Price: $0.502
Total Supply: 10,000,000 TREKS
Future Plans
Soonest, PlayTreks will release its governance token XTREKS, all XTREKS holders will be eligible to vote for their best songs on the charts list. XTREKS holders must know that the token can only be staked to earn TREKS. For now, XTREKS can also be acquired only on the PlayTreks platform.
Conclusion
The impact of Playtreks in the music industry can never be overemphasized, the playtreks can help artists in the creation, distribution and monetization of music. However, Playtreks is on its way to completely revolutionizing the music industry, helping artists to determine the rate at which their music is being aired globally.
Useful links to the project
Official website: https://playtreks.com/
Telegram: https://t.me/playtreks
Twitter: https://twitter.com/playtreks
Facebook: https://facebook.com/playtreksapp
Instagram: https://instagram.com/playtreks_app
Linkedin: https://www.linkedin.com/company/playtreksapp/
YouTube: https://www.youtube.com/channel/UCalFhO_HG20aWTNBPs6A2Rg
AUTHOR
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
POA: https://bitcointalk.org/index.php?topic=5370363.msg58597271#msg58597271
CoinsBit TREKS Wallet: 0xdC74Db1DF819225da029B760F830f35447901427