Direct-to-fan music NFT platform SongRise is reshaping monetization for musicians

Published on: 02.02.2022

SongRise is building an ecosystem that goes beyond a NFT marketplace for music arts.

Through blockchain and NFT technology, SongRise is committed to reshaping the monetization model for musicians. This new model they’ve dubbed “direct-to-fan” empowers fans to directly support the musicians they love and song artists with equitable revenue sharing

In return, fans gain exclusive benefits from holding the NFTs they buy. One future perk planned is to allow the NFT to act as a ticket allowing the holder to attend live performances their favorite musicians put on. SongRise is planning many more benefits for fans to enjoy as they continue development.

Card-to-Crypto Payment Getaways

SongRise promised to be accessible — those who are new to cryptos and NFTs need not worry about using cryptocurrencies to complete their purchases. In expanding the market segments of blockchain collectibles, SongRise opens the door to billions who have credit cards, making digital ownership of music fast and simple. All a fan needs is a credit card and a zeal for music.. Of course crypto is still an option for payment supported on the Polygon network.

With SongRise NFTs, musicians are given a new way to receive incentives for their art and even opens them up to crowdfunding where they can break into the business.

By partnering with Polygon Studios, SongRise has launched its platform on the Polygon blockchain that provides an L2 scaling solution allowing for quicker transactions and much lower gas fees when compared to Ethereum. Users and musicians are able to produce and purchase music NFTs with a lot less fuss.

About SongRise

SongRise is a community-driven NFT platform built for music artists and fans. Powered by Ethereum and Polygon networks, SongRise leverages a direct-to-fan model to re-define the music landscape where true engagement is envisaged. In SongRise, the cornerstones are empowerment and transparency. Recognizing the disruptive powers of NFTs over the entertainment space, SongRise is poised to represent the backstage pass that guarantees ownership of assets and sustainable income to musicians.

About Polygon Studios

Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT industry and bridging the gap between Web 2 and Web 3 through investment, marketing, and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. If you’re a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem, get started here.

About Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.

SOURCE: https://medium.com/@_polygonstudios/direct-to-fan-music-nft-platform-songrise-is-reshaping-monetization-for-musicians-5201f0cd8e18

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