NEWM is a decentralized music marketplace built on the Cardano blockchain, allowing artists to distribute their music across over 130 global platforms while retaining ownership and control over their intellectual property. The platform enables fans to directly support musicians through music royalty rights-sharing and secure transactions for buying, selling, and trading music rights and collectibles.
Funding
Funding not disclosed
Founders
Product
Problem
Current music streaming platforms often take a significant portion of revenue from artists, while also requiring them to relinquish control over their intellectual property rights. This can leave artists with limited earnings and reduced autonomy over their creative work.
Solution
NEWM is a decentralized music platform built on the Cardano blockchain that aims to empower artists by allowing them to distribute their music directly to fans and retain ownership of their music rights. The platform facilitates direct support from fans through royalty rights-sharing and secure transactions for buying, selling, and trading music rights and collectibles. By removing intermediaries, NEWM seeks to create a more equitable and transparent ecosystem where artists can connect with their audience and benefit more directly from their work. The platform also provides a user-friendly interface for streaming music and managing digital assets.
Target Audience
The primary target audience includes independent musicians seeking greater control over their music and revenue, as well as music enthusiasts who want to directly support their favorite artists and participate in a community-owned music platform.
Features
- Music distribution to over 130 global platforms
- Music royalty rights-sharing, allowing fans to directly support artists
- Marketplace for buying, selling, and trading music rights and collectibles using secure digital contracts
- In-app wallet for streamlined transactions and real-time value tracking of music assets
- HiFi audio streaming with unique ways to interact with artists directly
- Built on the Cardano blockchain for smaller transaction fees, sustainability, and higher security
- Mobile app for listening to music collectibles on-the-go