Onlymusix is a platform totally dedicated to music which allows musicians to create and sell exclusive contents. It is based on the use of NFTs and it aims to create an ecosystem togheter with artists to valorise all the people working in music industry. Onlymusix was born from the union between music and technology, it is owned by “Onlytech Industries”. Onlymusix will be Technical Partner of Casa Sanremo Invest 2023 the official house of 73° Festival di Sanremo from 5 to 11 february 2023, Decripto.org will be present at the event as media partner.
The participation at Casa Sanremo Invest as Technical Partner
Onlymusix aims to become a landmark within blockchain and web3 for the music industry. It will be Technical Partner of Casa Sanremo Invest in hospitality area for the whole Festival, the most important italian music event.
The purpose of the participation is to introduct music industry leaders at Sanremo to the new business opportunities and changes given by the use of new technologies. Three meetings will be organized: two public panels and a private meeting, in order to explain how NFTs works and their linked business.
“We are proud to bring to Sanremo, Festival della canzone italiana and most famous italian musical event, this revolution allowing artists to express fully their creativity and creating at the same time a stronger bond with fans and with new remuneration forms” – Antonino Abbate, CEO and Founder of Onlytech Industries s.r.l.
How to use Onlymusix
There are three account types: collector, artist, label; based on your needs. Everybody can subscribe as a collector; artists and labels indipendently from popularity, kind of music and skill can subscribe as artists or labels. An email adress and a passcword are enough to create the account. Choosing the access by social (Google or Facebook) the platform will create a wallet for the user, giving him by mail instructions to reedem it. Afterwards to actively use the account is necessary connecting a MetaMask wallet containing MATIC, NFTs can be bought using this cryptocoin. The site uses Polygon Blockchain, based on Ethereum with cheaper gas fees and lower environmental impact (very important for the platform). In order to correctly fullfill to rules, it is required to fill a form with billing adress. Bought NFTs will appear on user’s dashboard or on MetaMask.
For more informations click here for FAQs available on the site.
What makes Onlymusix special
Onlymusix differently from many other platforms related to crypto, is fully compliant to european laws on customers rights. This is the reason why billing adress information are required.
NFTs can be associated to any digital file (songs, videos etc) and will be linked to a standard licence which forbids commercial use and public distribution without authorization. The licence can be taylor made just as rights and contents related to the NFT. It is required an identity check to artists to avoid scams.
The function “split payments” is now available: it allowds creator to share with different wallets earnings from NFTs selling in percentage, it is automatic once it has been set. This makes easier and more comfortable splitting money with collaborations and partners.
In addition of creating NFTs, the site offers also artistic, recording and marketing consulting services.
The care for the environment.
Aware of the energy consumption caused by NFTs creation, it was chosen to use Polygon not only for cheaper fees but also for his lower environmental impact. Moreover to actively balance out CO2 emissions, Onlymusix established a partnership with Forestmatic, a tech startup working on reforestation. For every minted NFT on the platfrom, the artist can gather a tree to his product, the tree will be planted and tracked to reduce environmental footprint.
The future of streaming
Onlymusix is working on the creation of a P2P decentralized streaming platform for musicians based on blockchain. Decentralized streaming peer-to-peer will allow artists to broadcast exclusive contents with their subscribers, and will allow users to earn tokens while watching live videos ( watch to earn ). This is the biggest innovation: users won’t have to pay for contents no more as the user himself will be paid to use them, doing so users will monetize their datas, time and attention. A thrilling challenge is waiting for us.