Music Protocol (RECORD)

What is Music Protocol

Music Protocol introduces its sovereign layer, the Level 1 blockchain, as a foundational element of its ecosystem. This blockchain is a settlement layer that enables secure and efficient transactions. It is carefully designed for scalability, processing huge transactions per second. By implementing a sovereign model, Music Protocol takes full control of its network, offering customisation and autonomy. Blockchain facilitates the seamless transfer of music rights and royalties, empowering artists and musicians in the digital age.

At its core, Music Protocol is a blockchain-based solution that addresses the intricate management of music IP. Its modular architecture empowers IP owners with the freedom to manage their rights in both digital and, when necessary, analogue formats. This unique system seamlessly integrates digital and optional analogue handling of IP rights, ensuring it can adapt to the industry's ever-changing needs.

Central to this is an open and decentralised protocol. This framework supports the creation of new licensing standards and applications and community collaboration in connecting the protocol to real-world applications. The ecosystem nurtures flexibility, adapting to future digital IP management landscapes. This opens up opportunities for new business models, licensing frameworks, and IP exploitation methodologies.

$RECORD, a native token, incentivises adoption, rewards participants and manages the economics of the network. Approved by FINMA as a utility token, $RECORD ensures full regulatory compliance.