Sunday, June 4, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Centaurify & The Music Industry Revolution

by firstcryptonews
November 24, 2021
in Press Release
Centaurify & The Music Industry Revolution

The pandemic has left many industries in ruins—including the music & performing industry. And it should not come as a surprise to anyone as many sectors were already in shambles and required restructuring in order to thrive once again.

The issue that was and still is plaguing the music & performing industry long before the pandemic arrived, was the same as in many other industries—an abundance of middlemen and predatory organizations that sought to maximize profits at the expense of the industry’s sustainability and prosperity.

Instead of restructuring and aiming for sustainability—ill practice continued which has resulted in the music and performing industry to essentially turn into ashes with the arrival of the pandemic.

But from these ashes, a Phoenix started to form, a Phoenix called—Centaurify.

Origins

To understand what Centaurify is—one needs to understand its origins and the exact conditions that were present prior to & at the moment of the birth of Centaurify.

David Rootwelt-Norberg, the CEO and Co-founder of Centaurify—worked in the fashion industry for 18 years, prior to starting Centaurify, and even ran a successful company that dressed famous artists the likes of Post Malone, Isac Elliot, Madcon, Kygo and Pink. That is how David met the famous artist Martin Bjercke commonly known by his stage name CLMD. The work partnership turned into friendship which resulted in David learning all the pain points of the music industry.

Some of these pain points—which Centaurify will address, are the fact that streaming services provide pennies on the dollar to artists that are the foundation of the music industry, and the fact that these streaming services use an algorithm that promotes music according to a very specific set of parameters. This hollow approach destroys the creativity of artists and forces them to essentially all be more or less the same—if they want to succeed and gain popularity on the aforementioned streaming services.

But when the pandemic hit, David learned—through Martin, how broken the music & performing industry truly is. The lesson David learned was simple—because of the lockdowns, Martin lost almost all his income as an artist and was forced to find another job in order to sustain himself. In other words, the lesson is—artists are entirely dependent on live events to make ends meet—otherwise they have to find a second job in order to live, and deliver amazing masterpieces we all enjoy.

To make matters worse, this was a common occurrence even before the pandemic—for artists that are not as famous or successful as Martin—who sold several songs to platinum. This state of affairs hurts everyone—the artists, the streaming services, labels, consumers and essentially every participant of the music & performing industry.

And this is where Centaurify comes in.

Rising from the ashes

The music & performing industry has a chance to be reborn—with Centaurify. The Centaurify team seeks to alleviate all the previously mentioned pain points as well as materialize new concepts that will supercharge artists’ efforts and grant them the financial stability and appreciation they deserve!

The solution is provided in the form of a platform that will facilitate various types of activities. The activities and functionalities that the platform will provide—range from the issuance of event tickets in a decentralized and super-efficient manner, sales of digital collectibles, special perks for fans, preprogrammed and automatically executed royalties distribution—to performing merchandise and clothing drops for fans.

All these mechanisms and activities will be mainly realized with the help of the so-called NFT technology, where the NFT acronym stands for—Non-Fungible Token.

The NFT technology will also solve a burning issue of the music & performing industry—scalping and immense potential revenue losses due to the scalping phenomenon. For those less acquainted—scalping is the action of buying a scarce object such as a graphic card, or a ticket, and selling it at a grossly inflated price. Centaurify will resolve this issue by utilizing smart contracts to program the tickets in such a way that the tickets cannot be sold below or above a certain price threshold. The tickets will be also programmed to provide royalties on each resale in the secondary market.

To create a positive feedback loop within the platform, the Centaurify team decided to provide a portion of the transactions from NFT purchases—to the stakers of the Centaurify token. The ticker for the Centaurify token is $CENT and it will be used to execute all purchases on the platform.

The Centaurify team also decided to provide users and artists the stability that is lacking in the crypto sphere—via a stablecoin that will be utilized within the platform itself.

Thought leadership

David and Martin, in their own words, started the Centaurify project to make the world a better place—through technology and music. David, with his experience as a CEO in the fashion industry that is well connected to the music industry, and Martin with his first hand experience in the music industry—is definitely the type of expertise that a project like Centaurify requires.

Together with the rest of the Centaurify team—they will provide the thought leadership that is desperately needed within the music and performing industry. This thought leadership is already apparent through the steps the team has already taken—such as choosing the advanced & egalitarian Cardano blockchain to build their cutting edge platform and the decision to provide governance mechanisms to artists and their fans.

There is certainly much more to come from this music-based Norwegian startup, which has the vision to make things right by providing a system which will resolve all the issues that have plagued the music & performing industry.

Follow their social media and explore their website—to find out how you can participate in realizing the Centaurify vision.

Twitter : https://twitter.com/Centaurify

Telegram : https://t.me/centaurifyofficial

Discord : https://discord.com/invite/v6ZT7Tg72J

Linkedin : https://www.linkedin.com/company/centaurify

Reddit : https://www.reddit.com/r/Centaurify/

Related Posts

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

by firstcryptonews
June 4, 2023
0

The sixth annual World Web3 Summit and LeToken Global Launch Conference were successfully held on the 29th of May, 2023,...

World People DAO finally launched, Empowering Community Governance, Shaping the Future of the DAO Ecosystem

World People DAO finally launched, Empowering Community Governance, Shaping the Future of the DAO Ecosystem

by firstcryptonews
May 31, 2023
0

Recently, World People DAO finally launched. By emphasizing consensus, participation, and shared benefits, World People DAO provides an open, fair,...

The Next Great Crypto Gaming Site

The Next Great Crypto Gaming Site

by firstcryptonews
May 28, 2023
0

When I first heard about ccgamez.com, I must admit I was hesitant. The idea of combining the excitement of gaming...

Betix – The Future of Smarter Sports Betting [Pre-sale]

Betix – The Future of Smarter Sports Betting [Pre-sale]

by firstcryptonews
May 28, 2023
0

In the fast-paced world of sports, enthusiasts and bettors are constantly seeking ways to enhance their engagement and potentially profit...

Diamonds are Forever, a token in the De-Fi space, is Way Ahead of its Time

Diamonds are Forever, a token in the De-Fi space, is Way Ahead of its Time

by firstcryptonews
May 26, 2023
0

De-Fi, or Decentralized Finance, has opened up a new avenue for projects in the world of blockchain. Decentralized Finance is...

Climate Token YES WORLD is now available for trading on top crypto change LaToken

Climate Token YES WORLD is now available for trading on top crypto change LaToken

by firstcryptonews
May 26, 2023
0

Leading Utility Token YES WORLD is now available for trading on the leading centralized exchange – LaToken.  LaToken is a...

Next Post
Leaders Bit

Leaders-bit Bitcoin Futures Exchange Launching

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

ONSTON Onboarded Flora Fang As an Advisor to Foster The Project Development

ONSTON Onboarded Flora Fang As an Advisor to Foster The Project Development

1 year ago
Sharding Bank

STOA, launches the RegTech solution business with digital assets.

2 years ago
Want to stay ahead of crypto trends? Watch out! SolanaLite is unquestionably the blockbuster of this year!

Want to stay ahead of crypto trends? Watch out! SolanaLite is unquestionably the blockbuster of this year!

1 year ago
Alpha X

Alpha X – A e-commerce platform with completely decentralized system.

4 years ago
Introducing REX Cryptocurrency

Introducing REX Cryptocurrency

9 months ago
The Crypto Platform Of The Future Is Here

The Crypto Platform Of The Future Is Here

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

June 4, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News