INTRODUCTION
Music is life. This is a popular mantra upheld by a large number of persons all over the world. The potency and importance of music in people’s life is epitomized in the amount of audio files put out and the amount of dedication people place in acquiring songs. The awards and accolades put together for the creators of music signifies how much we value the music culture. Over time, the manner in which we obtain our music files have transcended from just merely purchasing large records from music stores to simply going online to download copies of the songs of our choice. With every good innovation, there’s a corresponding force of negativity released to transform the good for evil. Thus the birth of piracy and plagiarism.
With the advent of the internet, the music industry came under serious threat due to the dwindling culture of genuinely obtaining music files and paying the right dues for them. Users obtain songs, pirate them and make them available for free online, ridding the original creator and owner of the copyright of the opportunity to reap the rewards of the labour invested.
ONLINE BROADCAST PAYMENT REGULATIONS
Fast forward down memory lane, artists have cried out, the industry has screamed foul, and governments have gotten actively involved in the fight against piracy of music. Hence the introduction of various regulatory policies to checkmate how users share files over the internet.
FOCUS OF THE CYBER FM PLATFORM
The project has decided to approach the challenges of the industry from the perspective of non-payments of royalties to artists, mainly for the majority of the work put out on the internet. Having identified this as a besetting problem, the Cyber FM team have chosen to design and create a platform upon which users and artists can receive value for the work they put in.
CYFM TOKEN
Leveraging on the strength of the cryptographic setup, the CYFM Token would serve as a form of a regulatory currency for payment of Artists and record makers who have been duly registered on the platform. It is a digital and fair avenue for artists to earn their rights to their well-deserved royalties.
MAINSTREAM FOR THE UNDERGROUND (MFTU): TOKEN AND FOCUS
A lot of artists may choose to go independent and work out the hustle on their own. It is no crime that these set of persons also reap rewards and have fair share of opportunity from the wide coffers of the huge industry. The major aim of the MFTU Token is to advocate for the performance rights of independent acts all over the world as well as to fight for their rights to payment. It can be safely seen as a form of Organization for the Advocacy of Performance Rights for Independent Artists.
BROACAST CURRENCIES FOR ONLINE RADIO
The CYFM and MFTU tokens are to represent digital currencies to be effectively utilized in the airwaves industry. Picture an ecosystem where on gets remuneration for following up on their favourite radio shows. Now radio shows would have an effective way of rewarding listeners through the respective tokens. In this setup, both the listeners and lovers of the music as well as the creators of the music all stand to benefit from the system.
TEAM AND ADVISORS
After careful x-ray of the current music industry, the team members have pulled together their resources in order to find a lasting solution to the foxes that have been wrecking havocs in the vineyards of the music industry.
CONCLUSION
When the threats to the music industry are drastically reduced, music acts and record makers would feel safer in such an environment and invariably more motivated to make more of the music we so much cherish, that our souls be provided the succor they so desire.
To learn more about Cyber Fm, kindly check out the links below:
Website: https://www.cyber-fm.com
Whitepaper: https://www.cyber-fm.com/#download
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4511705
Blog: https://www.linkedin.com/company/cyber-fm
Reddit : https://reddit.com/r/cyberfm
Twitter: https://www.twitter.com/cyber_fm
Telegram: https://t.me/mftudotnet
Writer: Ambition
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2192942;sa=forumProfile
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