Music copyright gives its owner the exclusive right to display, reproduce, distribute and perform its work, and also protect its integrity.
New York, NY, Jan. 10, 2023 (GLOBE NEWSWIRE) — Euterpe launched its first music IP-NFT Mystery box after the SBT registration and Vickrey IP-NFT auction successfully concluded and finally attracted much attention from the music and Web3 industries. According to the data on Opensea, a total of 1180 Mystery Boxes were sold out within a few minutes. The proportion of unique holders hits 92%. The conversion rate fully demonstrates the success of music copyright NFT “cross-border” trial. This is not only Euterpe’s success, but also another technological breakthrough in the music industry. The evolution of the music industry goes with technological innovation. Artists shape the music, and science and technology reshape the future of music itself.
Euterpe believes that the vitality of music lies in circulation, which is based on copyright bringing profits. It has been the privilege of record companies or head streaming media to obtain copyright royalties. Time changes. Music copyright NFT can be used as an effective proof of digital asset rights. Music creators can mint the music copyright shares into NFTs, which allows the fans to share the royalties with the music creators by holding copyright NFTs.
Music copyright NFT is not limited to the streaming platforms among music lovers and can be traded on the NFT exchanges, which will further increase its value and thus bring energy to the music market.
Why does the music copyright NFT is quickly recognized by the market?
NFT levels up the efficiency of the music industry. In the traditional music industry, music creators have to rely on record companies and streaming platforms to launch their works. Blockchain is open, transparent and traceable, which allows to reshape the way music is produced, bought, sold, listened to and managed in a fair and transparent way.
NFT has built an efficient and safe communication channel between the creators and the fans while eliminating the intermediary fees. Artists get most of the profits while fans have access to more diverse experiences. This is a new business model which will benefit both the creators and the fans.
In addition, NFT lowers the barriers to entry for music and allows more talented musicians to show up. In the future, the million-dollar singer in the slums will no longer be a dream.
Euterpe core team members have more than ten years of experience in copyright, law, finance, and computer fields. After polishing the Chinese-speaking market in 2022, in Q1 of 2023, Euterpe will focus on the Japanese and Korean music circles. This is a milestone as K-pop is beginning to exert influence on the global entertainment trend and entertainment industry. Whether it is BTS at the opening ceremony of the World Cup live, or the girl group with the most views on Spotify in 2022, and the Artist of the Year 2022 by TIME in the United States - BLACKPINK, they have already won various awards in the European and American markets. K-pop is also gaining popularity in Southeast Asia, Latin America and other regions. In the European and American markets, more and more top European and American stars have frequently mentioned K-pop and demonstrated a strong intention to cooperate. The acquisition of Japanese and Korean music copyrights will accelerate Euterpe’s conquest of the global music market.
Company Name: Euterpe
Contact: Samantha Su
Email: [email protected]
Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation. For more info, please contact [email protected].
Stamford, Connecticut-based Digital Currency Group (DCG) is the parent company of several high-profile crypto firms, including crypto asset manager Grayscale and Genesis, which brokers digital assets for financial institutions like hedge funds and asset managers. Winklevoss' Gemini offered a crypto lending product called Earn in partnership with DCG's Genesis Global Capital, and now says Genesis owes it $900 million in connection with that product. In his open letter to the DCG board, Winklevoss said Genesis and DCG had "defrauded" some 340,000 Earn users.
A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned.
Many altcoins rose today along with the broader crypto market, as the price of Bitcoin rose over $17,200 and investors seemingly got more bullish on macroeconomic conditions. Since Sunday afternoon, the price of the meme tokens Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) traded 5.5% and 8.5% higher, respectively, as of 10:50 a.m. ET. The main reason for crypto bullishness seems to be linked to investors growing more confident that inflation is slowing, which would hopefully lead to the Federal Reserve ending its interest rate hiking campaign sooner rather than later.
‘Should we be redecorating, going to Cancun and Disney World and getting takeout every night instead?’
In the first of what's apparently intended to be an annual series, SoFi released its SoFi Investor Study. For the latter period, most (93%) of the respondents continued to invest in various financial investments despite the often high market volatility. Certificates of desposits (CDs) and real estate investment trusts (REITs) also served as popular alternatives.
Yahoo Finance's Seana Smith, Josh Schafer, and Dave Briggs discuss why Sotera Health stock is surging 99% on Tuesday.
Is this the ultimate safe haven?
(Bloomberg) — Prominent fixed-income manager Jeffrey Gundlach said investors trying to figure out how the interest-rate situation will play out should pay attention to the bond market rather than the Federal Reserve.Most Read from BloombergUS Safety Agency to Consider Ban on Gas Stoves Amid Health FearsRental Housing Is Suddenly Headed Toward a Hard LandingBrady, Gisele, Patriots’ Bob Kraft Among FTX Shareholders Facing WipeoutApple to Begin Making In-House Screens in 2024 in Shift Away From Sa
The outlook for stocks in 2023 is still in flux. Last year’s headwinds haven’t dissipated, so we’ll be dealing with high inflation, rising interest rates, the Russia-Ukraine war, and an increased risk of recession for the foreseeable future, and that has investors taking an interest in defensive plays. The classic move, of course, is to move heavily into dividend stocks. These bring several advantages that can protect an investment portfolio during an unsettled economic period, including a relia
Bankruptcy attorneys released a long list of names and the number of shares held by former associates and investors.
Pfizer (PFE) closed at $47.62 in the latest trading session, marking a -1.59% move from the prior day.
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) was one of those, taking some notable swings in value over the past couple of months. The company's American depositary shares maintained that volatile behavior in Tuesday's trading session. After spiking by nearly 6% early, Nio stock slid briefly into the red, then recovered to a gain of 3.3% as of 3:30 p.m. ET.
After rising more than 4% in November, shares of Enphase Energy (NASDAQ: ENPH) found themselves considerably less desirable among investors in December — a month in which the stock fell 17.4%, according to data provided by S&P Global Market Intelligence. In addition to an analyst's downgrade on Enphase's stock, insider selling motivated investors to exit their positions in the last month of trading before the new year. While Enphase traded flat for the first couple of weeks in December, the bears started growling on Dec. 15, when Biju Perincheril, an analyst at Susquehanna, downgraded the stock to neutral from positive and assigned it a price target of $365.
Last year was brutal for most investors, there’s just no way around that. The S&P 500 index fell 19% through the year, battered by a series of headwinds including stubbornly high inflation, the Federal Reserve’s switch to monetary tightening, supply chains that just wouldn’t unsnarl, China’s long-lasting lockdown policies, Russia’s war in Ukraine… the list was long. But losses on this scale bring opportunities with them, in the form of lower share prices. The stock analysts at Morgan Stanley hav
Shares of Frontline (NYSE: FRO) had skyrocketed more than 25% by 12:45 p.m. ET on Wednesday, while Euronav's (NYSE: EURN) stock price had plunged more than 15%. Driving the big move in the oil tanker stocks was the termination of their merger agreement. Frontline has abandoned its bid to acquire rival oil tanker Euronav.
Coinbase cuts staff amid a battered crypto market, Coca-Cola and PepsiCo are in the FTC’s sights over pricing, European luxury car makers are after the EV market, and other news to start your day.
Boeing stock slipped on Jan. 10 after an analyst downgrade. Here's how high it can go from here.
On the brink of financial ruin and in need of massive additional cost cuts, execs at Bed Bath & Beyond appear to be OK with ceding even more market share to rivals such as Target and Walmart.
Discerning between popular growth stocks that have room to run and those that will leave your portfolio in the red isn't an easy task, especially for companies in the biopharma sector. AbbVie (NYSE: ABBV) is a pharmaceutical growth stock par excellence because it will be commercializing new medicines and expanding the prescribable indications of its existing set of medicines at a quick clip throughout the rest of the decade. In 2023, it aims to submit nine approval packages to regulators and potentially get the final stamp of approval for eight other programs for which it already submitted the paperwork.
Does Transocean (RIG) have what it takes to be a top stock pick for momentum investors? Let's find out.