RecChain Music Platform

RecChain is the next evolution in #digitalmusic, empowering artists to publish, sell and copyright digital albums all on the #Nexus #blockchain 🎶🎸🎷 #NXS

[RecChain Music Platform @RecChain_MP]

We're doing a proper thread on this question, because it's elemental to explain how blockchain technology can empower artists.

First and foremost; blockchain allows RecChain to be a decentralized platform, meaning that RecChain will not stand between artists and fans...

(1/11)

[Oper-8 @Oper_8]

@RecChain_MP @Kiffie8 @Spotify So whenever you sell a track, you actually receive virtual money w/ an exchange rate that varies over time, and you have to master how exchange rates work so you know when the time has come to convert your "money"?
It's basically @bandcamp with the hassle of virtual cash, right ?

[Chad Akston @AkstonCap]

Have been some ferocious stormy weather here on the west coast of Norway for a few weeks now.
That, together with a calmer period at my engineering firm, has given me more time in @bubble to work on developing @RecChain_MP, as well as some other concepts.

It's coming along...

[RecChain Music Platform @RecChain_MP]

Yes, it's coming.
https://t.co/tJ4H6r8GdP via @saxobank

[RecChain Music Platform @RecChain_MP]

@BladerStanley @NexusOfficial Nexus is decentralized, so our platform will be sovereign.
Don't bother us with your personal obsession with the architect. It's pathetic.

[RecChain Music Platform @RecChain_MP]

@BladerStanley No fraud here. We're just trying to build a Dapp. Your opinion doesn't matter.

[RecChain Music Platform @RecChain_MP]

@JeffBooth When it's backed by, and directly connected to, the ownership of high-quality music, an #NFT has high value and major applicability for artists.

And yes, #RecChain and #Nexus makes it unbelievably easy for artists to create an nft/asset.

https://t.co/WCRTiH2FGa

[RecChain Music Platform @RecChain_MP]

If someone else holds your audio files, it's no longer your music. That's why RecChain will allow artists to have sovereign control of their audio files on the #Nexus decentralized file storage. #music #albums @kanyewest

[billboard @billboard]

Kanye West doesn't seem pleased with the rollout of his new album, "Donda." https://t.co/vsMFDdvFdI

[RecChain Music Platform @RecChain_MP]

@Oper_8 @Kiffie8 @Spotify @Bandcamp Hi Oper-8!
We did a thread to explain in detail. Basically it's not about the currency, we hope to have a smooth transition between currencies. It's about decentralization and empowering artists to have full control of their music.
https://t.co/LiUa03PPZ2

[RecChain Music Platform @RecChain_MP]

We're doing a proper thread on this question, because it's elemental to explain how blockchain technology can empower artists.

First and foremost; blockchain allows RecChain to be a decentralized platform, meaning that RecChain will not stand between artists and fans...

(1/11)

[RecChain Music Platform @RecChain_MP]

Yes, the difficult transition between govt currencies and crypto currencies is an issue. But, this is something that is being worked on to create a seamless transition, and we hope to have a solution soon.

The bottom line is:
We need blockchain tech to empower artists.

(11/11)

[RecChain Music Platform @RecChain_MP]

We're doing a proper thread on this question, because it's elemental to explain how blockchain technology can empower artists.

First and foremost; blockchain allows RecChain to be a decentralized platform, meaning that RecChain will not stand between artists and fans...

(1/11)

[Oper-8 @Oper_8]

@RecChain_MP @Kiffie8 @Spotify So whenever you sell a track, you actually receive virtual money w/ an exchange rate that varies over time, and you have to master how exchange rates work so you know when the time has come to convert your "money"?
It's basically @bandcamp with the hassle of virtual cash, right ?

[RecChain Music Platform @RecChain_MP]

- An album creation fee (token creation fee set by the blockchain)
- An audio file storage fee (probably very small)
- RecChain developement fee (not settled, but probably around 1-2%)

Depending on the price of $NXS, you will end up with >95% of the revenue generated.
..
(10/11)

[RecChain Music Platform @RecChain_MP]

@Hodlnexus Actually, we hope to have a beta ready before next year with the most basic features. There's still more work/research that needs to be done, but we'll launch when we're ready, and then integrate the #Nexus file system when 6.0 is released.

[RecChain Music Platform @RecChain_MP]

On #RecChain, artists will be able to create digital special edition albums and sell these as scarce and highly valuable collectibles.

Because they are created on the #Nexus blockchain, the authenticity and ownership history can be easily verified by the buyer.

[RecChain Music Platform @RecChain_MP]

@Hodlnexus Yes, the web platform is in development, and we are aligning this with the 5.1 release of #Nexus Tritium++ (and 6.0). There are several features that will be highly important:
- P2P marketplace
- Query DSL
- Decentralized file storage (6.0)
https://t.co/m0HlzbMf4U