Written by: 0x21, Rhythm BlockBeats
In the past year, the NFT market, whether it is pure art or avatar NFT They are constantly creating one history after another, but music NFT is labeled as "heterogeneous". People have no way to turn music into your social avatar to show off to your friends, and it is difficult to find like-minded people through waveforms. friend.
Some people say that the current market is not born for music NFT, and some people say that music NFT has not yet found a suitable path, but it is undeniable that music is placed in every Individuals are extremely important.
The emergence of the Web3 creator economy has broken the barriers between idols and fans. The popularity of Play to Earn also indicates that X to Earn will become an inevitable trend in the future. The "Earn" mode of games, learning, and running has all begun to take shape, and music will also become one of them.
Element.Black is a company dedicated to creating a new Web3 social platform through the combination of music, games, art, film and television and creator economy. Element.Black's Music Infinity combines Create to Earn and Listen to Earn for the first time to build an ecology of X to Earn and creator economy. The entire economic model also revolves around the two roles of creators and listeners.
At present, music creators can obtain income through two channels. One is to obtain income by purchasing blind music boxes for secondary creation. Second, Music Infinity also supports original musicians to enter the platform to earn income.
Listeners also have two choices, one is to listen to the music of Music Square by purchasing Music Box NFT to realize Listen to Earn, another listener can also Choose Music Infinity as a pure music platform to listen to songs for free, not only can you discover different original songs, but you can also find an NFT community that uses music as the carrier.
Of course, in the current NFT market, the avatar category is still in a dominant position, because the avatar can express the player's likes and dislikes more intuitively, and can even pass Social media has reached a certain consensus, while music NFTs have obvious differences in the way and process of transmission.
At present, many players think that NFT should only have avatars and others, just like in the Opensea market, everyone thinks that the collection of artistic creations should be in ArtBlocks. It is the rapid development of the web3 era that has left shackles on everyone's thinking.
In fact, the integration or combination of various forms will be the inevitable trend of future development. The natural social attributes of avatars are many artistic paintings or music It is incomparable, and at the same time, the deeper connotation brought by artistic expression cannot be transmitted to the avatar NFT.
Element.Black saw the shortcomings in music NFT in advance. In addition to combining PFP with music, it also added the influence of stars and idols.
Using the PFP of music stars as the basis for community establishment, providing identification for every user who loves music, making music the core of their cohesion. When players purchase music blind boxes on the Element.Black platform, they will also get exclusive PFP accessories for co-stars. Through the "fitting room" function built on the platform, you can configure your own PFP avatar to dress up, and accessories representing different stars will also become fans' logos.
In this way, influential musicians can take the lead in attracting their fans through special accessories to form small idol-centered communities, and then The creator economic system brought by Element.Black allows music lovers with different preferences to condense into a larger platform.
The era of Web2 is the era of fan economy, and there seems to be an insurmountable gap between idols and fans. Whether it is helping idols or buying idol concerts and peripheral products, fans play the role of "paying the bill".
In the era of Web2, have you ever imagined that one day you will be able to make a song with your idol?
With the advent of the creative economy, it has shortened the distance between idols and fans. You can use the same series of avatars as Jay Chou, and you can directly share them on Discord Chat with NBA stars. Also in Music-Infinity you can create together with your idols.
Element.Black's NFT music blind box Music-Infinity, which debuted on April 22, was jointly launched with American hip-hop superstar Akon. In addition to the PFP accessories mentioned above, the most important thing in the blind box is the audio track created and authorized by Akon. The number and duration of the audio track will be divided into different rarities. Each player who gets the audio track can Music elements create new music and put it back on the platform, earning income from the platform's playback and downloads.
This is also the first step in Music Infinity's ecological construction. As a creator, you can use ELT (Element.Black Governance Token) to purchase blind box tracks for secondary You can also create a new NFT completely independently. After the creation is completed, you can publish it in Music Infinity's music plaza. You can set the payment amount freely. When the listeners in the plaza start listening or pay to download, then you can Started to earn MIT (Music Infinity Game Token) income through creation. Music Infinity also supports original musicians to enter the platform, and musicians can also choose their own music sales model. For example, musicians can completely sell music NFT or play for a fee, or they can enter the music plaza through community voting and be listened to by listeners for a fee .
Element.Black uses idol stars as the booster for the cold start of Create to Earn, provides creators with promotional channels through the influence of stars, and uses incentive mechanisms to Encourage creators to produce better works. However, for most ordinary users, music creation is not easy, and the group of creators is far less rich than that of music lovers. So Listen to Earn, which allows music lovers to earn income by listening to songs, is the music-infinity economy. A more important part.
Whether it is for ordinary people or music lovers, music fills everyone's life, and its application scenarios are far greater than games, running and learning.
Music Box is the core of MIT produced by Music Infinity, and it is also the "player" for listeners to open Listen to Earn. The journey of Listen to Earn begins when the listener buys the Music Box by destroying the ELT.
Music Box is not only a player, but also an NFT with cultivation and transaction attributes. The efficiency of each Music Box to produce MIT is different. Listeners use the Music Box to listen to the creator's (charged or free) songs in the Music Plaza. During the listening process, the Music Box will start to produce MIT, and the listener can upgrade the Music Box by consuming MIT to speed up the output. Can unlock paid music or special NFT through MIT.
Listen to Earn not only allows ordinary creators to find a more suitable stage through the incentive mechanism, but also allows everyone who loves music to benefit.
ELT is the Ecological Token of Element.Black, which is mainly used for community governance, Element.Black’s ecological construction and the purchase of MusicBox; MIT is the Token of Listen to Earn Game Token can implement a deflation mechanism by upgrading the Music Box or purchasing music. The Element.Black ecology, which seems to be the current common dual-token model, is actually not that simple.
In order to create an all-ecological social platform, Element.Black has launched a one-to-many Token economic model, and Music Infinity's MIT is one of the ecology. ELT will also open different Infinities for film and television, literature, art, and social networking, and different X to Earn economic models will also appear at that time.
The head effects generated by star creators, brands or well-known IP can give creative users from all walks of life the opportunity to show their talents on Web3, every Everyone can have "fifteen minutes of fame", and everyone will become one of the "1000 die-hard fans".
Element.Black starts with music, but not just music. The ecological environment that allows creators and enthusiasts to coexist may be the core of X to Earn's close connection with the creator economy.
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