Haven't our elders always told us to pursue our passion in life? Since time immemorial, I have heard people tell me how I should pursue music as a career because it is my passion. Supposedly, doing what you love will make others love what you do. All said and done, you simply cannot deny if I tell you that these days following dreams come at a price too. No, not sacrifices. I mean real money.
Such is the situation of the music industry today that almost all vices of other industries seem to have crept into that if music too. Be it the unnecessary and undesirable involvement of third parties or the innumerable financial struggles faced by new artists, the music industry is slowly sinking lower and lower.
As a prime savior in this situation of crisis, Maestro, a hobbyhorse of blockchain technology, promises to return to its artists and musicians the lost creative environs, the past trust and equality and all fairness in compensation.
What is Maestro?
Maestro must be conceived as a streaming platform for music composers and listeners, that promises to deliver trust and equality over anything else. At Maestro, neither the singer/composer nor the investor loses any rights over the piece of music they have contributed to. A stark repellent to the officialdom of the media, Maestro will have its own independent platform, open to all music lovers who wish to give a real boost to music alone.
Why Maestro?
The times they are a changing. Our everyday habits and choices are also subject to change. Whatever was in trend a decade back – from clothes to accessories to the cinema to music. Not just the taste in music genres, the very medium of appreciating music has changed completely. Digital music makes up for the most rapidly growing segment of world music. Streaming has taken over downloading. Surprisingly enough, the favorite locations for listening to our favorite tunes have also evolved from television and radio to cars, bathrooms, and phones.
Despite all this, the current market doesn't seem too promising. The issues of loss of value and unsatisfactory pay to music creators are apparently here to stay if not worked upon. Maestro, based on the Ethereum network, aims at bridging these gaps and providing a ready solution to this growing menace. With an effective strategy to raise a capital from funds, Maestro would invite artists and music lovers to participate and benefit mutually from its scheme.
How does it work?
Chiefly comprising two core units, Symphony for music streaming and Ensemble for fundraising. Production costs are considerably brought down through investments by consumers who also receive a right to the piece of music and thereby promote it for their own benefit. After the procedures for funding are met with, the content is registered with Symphony for streaming. Maestro doesn't solve issues of artists' payment only, rather it solves the same for all its participants.
Symphony, to be developed into a mobile application, would also serve a multitude of other functions such as voting and inquiries. Besides these most important functions, Maestro would have some general functions too, such as music storage.
Token and ICO Details
The Maestro Token (MAE) is the medium of any transactions taking place on the platform. In fact, all profits from investments would also be delivered in the form of MAE tokens. 1 ETH = 10,000 MAE. The hard cap value for Maestro is at 62,000 ETH.
Verdict
Maestro aims to improve the scenario of the music industry globally, providing vigorous backing to musicians and reasonable apportionments of rights and finances to those who deserve it, be it, artists or investors. As such, it certainly is a boost to the widespread music industry – an industry which has its roots firmly anchored to nooks and corners around the world. Besides having a definitive and attractive strategy, Maestro is more of a solution to a growing menace, a savior to many. This increases its value and prospect manifold and makes it a great choice for investment.
Website: https://maestroproject.io/
Whitepaper: https://drive.google.com/file/d/1BNTYyrSiE0mh5Uh0UCWN9Z6SDMRof3gv/view?usp=sharing
Blog by ollivander7
Profile: https://bitcointalk.org/index.php?action=profile;u=1069616