Wusic brings Decentralized Finance (DeFi) to the music industry in Asia. We allow the public to discover new artists and finance their work through music NFT that offers royalty sharing or outright purchasing new work.
A songwriter could finance his work by offering a share of the royalties from his new songs.
A singer could finance the production and distribution of a new album.
A band could finance the touring by sharing the proceeds from shows.
Wusic Music NFTs are Non-Fungible Tokens that offer buyers a share of the artist’s future earnings and exclusive rewards in exchange for social media and financial support. It is the first in Asia. Most of the NFTs on the market today are simply digital version of collectibles.
NFTs are crypto assets with smart contracts that exist on blockchain networks. Users who invest in NFTs receive royalty payments from artist’s work. They can also trade the NFTs on Wusic NFT Exchange.
Wusic NFTs are powered by Wusic DeFi Tokens ($WUSIC) which can be traded on various crypto exchanges. $WUSIC is the “currency” and Wusic NFT is the ”Contract with the artist”.