Tokenization: it's nothing else but creating your own artistic "coin".
This coin is the official legal tender in the artistic ecosystem. It is part of the life of the fan community. It is a way to monetize what so far could not be monetized or was monetized by third parties. Tokenization allows an artist, band, manager or publisher to establish their own tokenomy (artistic token economy), i.e. how it works, what its possession gives to users.
By tokenizing your own artistic brand, i.e. by creating an "art coin", you issue a certain number of artist’s or band’s tokens.
Tokenization is used to raise funds for, for example, recording an album, organizing a concert tour or recording a music video. The difference between a "patron" and a "token owner" is essential, a "token owner" benefits from having an art token that may (or may not) be listed and whose value can be estimated in the same way as in the case of other digital assets (such as BTC or ETH).
Having an appropriate number of art tokens may give you access to specific, exclusive content. You can use them to pay for tickets to a concert or CD, depending on what is specified in the tokenomy. Our team of experienced specialists in tokenization will help you throughout the entire process, and our technological partner (tutaj kto) will carry out the tokenization from the technical point of view.
The tokenization of a music product in our pressing plant takes place on several levels:
Unique digital single or album: first we create a so-called NFT – it is nothing but an mp3, wave or other digitally signed file. A digital signature of a file is giving it its original serial number. Just like numbered vinyl in the real world (number 1 is only one), digitalisation makes files on the Internet unique. More and more artists decide to release their creations in the form of NFT (Kings Of Leon, Snoop Dog, Behemoth etc.). Releasing a single or album as an NFT also allows for additional benefits to be encoded in it (smart contract) for its owner, for example, having a specific NFT in an e-wallet is immediately a concert ticket.
Tokenizing a physical product, i.e. assigning an NFT file to a specific copy of a physically existing record, allows you to give this record a certificate of its ownership in the network, as well as a certificate of originality. It also introduces a certain innovation on the record secondary market, namely, as in the case of works of art, the original copy may be in someone's collection, but the certificate of ownership, of being the actual owner of a given copy, belongs to someone else.