CryptoTodayNetwork x MeMusic AMA Recap

CryptoTodayNetwork

CryptoTodayNetwork had an interesting AMA session of MeMusic on 20th October 2021 with guest Youngsung Chong (COO)

INTRODUCTION

CryptoTodayNetwork: Hey there Youngsung Chong 👋

Youngsung: Hi!

CryptoTodayNetwork: Welcome to CryptoToday Network 🎉

Youngsung: Happy to be here today. 🔥

CryptoTodayNetwork: It is our pleasure to have you 😊
What's good?

Youngsung: We're having very busy days for MeMusic as we prepare the platform in multiple aspects: development, marketing, and partnerships.

CryptoTodayNetwork: That's the sure thing ✅
Let's get into this AMA session

Youngsung: Sounds good to me 🔥

CryptoTodayNetwork: Starting with some introductory questions
Please give an introduction about yourself.

Youngsung: I am Youngsung, COO of MeMusic. I have been involved in blockchain space for over four years as a trading analyst, consultant, and advisor. I am currently leading the design and development of the MeMusic platform to success.

CryptoTodayNetwork: Interesting!
With that, please give a brief introduction about MeMusic.

Youngsung: MeMusic is unique as it is the first conventional music platform that is tokenized. Imagine if Spotify and Apple MeMusic had blockchain integration. That is what MeMusic is providing. We are providing an end-to-end platform where users can stream music, purchase nfts, and develop artist tokens.

CryptoTodayNetwork: Yes, that is pretty unique concept
We would like to get to know about the roadmap of MeMusic.

Youngsung: We've been working on MeMusic since 2019 with market research and ideation. In 2020, we spent countless time on product research. This year, we are expecting TGE and our NFT marketplace alpha launch. Next year, we will launch our streaming application.

CryptoTodayNetwork: Tremendous
What is the token ticker of MeMusic? Also, please let us know about its token economics & utilities.

Youngsung: In terms of the tokenomics, our native token powers nft purchases, artist token purchases, and subscriptions. Further details will be provided soon. The token ticker is yet to be decided.

CryptoTodayNetwork: Nice
Lastly
We would like to know about current and upcoming partnerships of MeMusic.

Youngsung: Currently, MeMusic is backed by Outlier Ventures. We are expanding our partnerships with entertainment companies.

TWITTER QUESTIONS

Q1. Do you have strong team to achieve ambition and vision? How well experienced team background do you have?
Youngsung: Yes, our core team has a strong balance in blockchain, legal, music, and design. We have a combined experience over 25+ years with entrepreneurship and business.

Q2. Can you List 1-3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantages your platform Has that you Feel most Confident about?
Youngsung: As a platform we have various competitive strengths against traditional music applications on blockchain and outside of the blockchain space. We have streaming & mining, blockchain-based royalty distribution, and artist tokens.

Q3. One of the feature of your platform is the Transparency Income System. So, can you tell us how does this system works and being implemented in your platform? How does your platform show some transparency in terms of income in your platform? Why do you need to be transparent?
Youngsung: There are so many artists complaining about the royalty distribution for not being transparent and very low for stream. We show transparency by having the streams based on-chain records of each stream.

Q4. Where the position of MeMusic if we compare with similar platforms like Vibe, Spotify, Audius and etc. What are the best feature that MeMusic has?
Youngsung: MeMusic's streaming and mining is one of the strongest feature. We will be the first platform to allow rewarding users when they listen to music.

Q5. What function do you believe MeMusic has in expanding the blockchain's worldwide adaptability? How do you approach the challenge of interoperability? Which blockchain is MeMusic compatible with?
Youngsung: Music is one of the most adopted entertainment form that is enjoyed by people from besides videos. By implementing blockchain, MeMusic will lead a new paradigm in the industry. We will provide multi-chain solutions.

LIVE SEGMENT

Q1. I love music, I do listen it on YouTube, Amazon Prime or Spotify usually How will I get benefited if I Use #MeMusic What made you/your team decide to found MeMusic on Blockchain? MeMusic is compatible with which Blockchain?
Youngsung: Blockchain is the ultimate technology that allows for autonomous, decentralized operations of traditional businesses. MeMusic will benefit the artists which will allow for better content generation and impacting the users. MeMsuic will be multichain compatible.

Q2. How many artists that have been cooperated with MeMusic and how these cooperation bring an advantages for future development of MeMusic?
Youngsung: On launch, we will have more than fifteen artists and companies partnered with MeMusic.

Q3. Will your project support NFT in future or if already support. Can I send one?
Youngsung: Our NFT marketplace will be released on the fourth quarter. Stay tuned for development updates.

Q4. Could you tell us about the importance MeMusic gives to copyright laws? Is every content protected by a copyright? How do you reassure artists and creators about this?
Youngsung: By shifting away from complete decentralization, but rather focusing on blockchain enhancement we can ensure that we are adhering legally to different jurisdictions.

MeMusic

A unique platform leveraging blockchain technology to personalize users' experience with the music ecosystem. We provide users with the best user experience and technological innovations. MeMusic is revolutionizing the music industry

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