Description:The music industry is a barely touched market in the crypto space due to the difficulty of solving the initial problems of funding, paying the artists, and getting artists to use the platform.
With music streaming platforms spending less time on utility and innovation and more time on their user interface, it’s time to bring innovation back to the music industry. At Rhythm, we aim to open the doors of DeFi to the music industry with an ecosystem which plans on slowly transitioning the music industry into a decentralized system that works end-to-end.
The current approach to decentralized music streaming is to build a CeDeFi/dApp that allows artists to create NFT’s of their music and albums, which is a great idea. However, this approach only contains NFT hosted music and excludes 99.9% of the music industry with their music hosted on platforms such as YouTube, Spotify and Apple Music.
The DeFi space needs to offer something of value to the music industry before well-known artists start opening themselves towards joining the DeFi space, and that's where Rhythm comes in.
Rhythm is a CeDeFi Desktop music streaming platform with over 100 million songs, music videos and podcasts that is built on-top of a Chromium Browser. Our embedding tools allowed us to build a powerful, yet simple to use, interface that turns YouTube into a streaming platform that people will want to use.
Rhythm Music takes full advantage of the power of the Rhythm Protocol at its core. The Rhythm Protocol will power the wallet perks, NFT pins, NFT playlists, NFT albums and all of our future projects.
We plan on eventually building a full dApp version of Rhythm and will take baby steps towards reaching that goal, with our first step of releasing the CeDeFi version of Rhythm. The Rhythm dApp will give the community a voice in the development of Rhythm with community votes on new feature ideas, more use-cases / new projects for Rhythm, and much more.
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