Bitcoin News and Finance
Omni Is Bringing the Future of Music via NFTs Skip to main content

Omni Is Bringing the Future of Music via NFTs

At its core, social media is a web-based communication tool that facilitates constant and instant interaction and sharing of information between people.

On one hand, social media enables socialization and promotes togetherness. On the other hand, it can leave your data open to the world and put a person’s privacy and information at risk. If this data could be linked and managed by each individual personally, social media could become a truly decentralized platform that majorly benefits users – rather than third parties. That’s where Non-Fungible Tokens (NFTs) come in.

NFTs are steadily becoming the future of artistic expression and providing real income for users. Creating music and then being able to trade that music and/or be paid royalties when that music is used elsewhere. This development in the digital world completely revolutionizes the world of music production and transforms art/music into revenue for NFT artists.

With all this possible through NFTs, Omni sets its objective to pioneer the future of music through the world of NFTs and return social media powers back to users.

What Are NFTs?

Hailed as the digital alternative to collectibles, NFTs are essentially tokenized artwork linked to a digital certificate of ownership. As opposed to a fungible asset – which, economically, can be interchanged for something else of similar value – NFTs are non-fungible. This means each NFT has unique properties that prevent it from being interchangeable.

NFTs come in many forms ranging from animations to images, to texts and tweets, and more on topic – music. Shaping music into NFTs enables the origin and owner of the music to be tracked, traced, and acknowledged whenever a certain piece of music is used/played. Omni develops a monetizable function out of music NFTs by rewarding creators and owners of music within the Omni platform.

Imagine a musician, highly talented and their music is loved by many that hear it. Having been busking in the streets and train stations for years, that musician is introduced to the NFT Ecosystem and the means of which to utilize Omni to shape their music into a rewardable and monetizable NFT. Now, that musician’s music is played daily in user videos and other digital NFTs. Every time the NFT music is used, the musician is rewarded – making their art utilizable and capable of generating an income.

Omni music NFTs make all of this possible.

Omni As The Future of Music NFTs

Omni addresses the negative societal aspects of modern social media culture and sets out a path to bring power back to users through a plethora of mechanisms – including NFTs. The Omni Mega App could find itself on smartphones worldwide.

By enabling users to create NFT sounds, bytes, mixes, and songs on the platform, NFT music artists receive easily trackable royalties alongside buying, selling, and exchanging rights on each piece. As the videos featuring these NFT sounds become popular, the artist with ownership of NFT rights to that music earns royalties based upon their use. This model furthers the future of music through NFT incorporation and maintains artist ownership over their musical creations.

Furthermore, as users make music NFTs on Omni, that sound or piece of music becomes identifiable and trackable. These two elements ensure creators of NFT music rest assured that the origin of their work will forever remain in their name – unless sold of course. This eliminates the need for copyright procedures, the stress of effort to ensure work originality is protected, and, ultimately, protects artists’ work from defamation or fraud.

What Is Omni?

Omni is the amalgamation of all features from the world’s most renowned social media apps – such as TikTok and Facebook – reformed into one blockchain platform with a catch; Omni aims to reward users. Everyday functions such as posting a video, sharing a post or just talking with friends can all reward users with Omni Coins (OMNI). Omni Coins are designed to allow users to earn profit as the Omni company grows – thus incentivizing users further to remain active and earn more OMNI. Furthermore, Omni coins can be managed and used for shopping for products on the Omni platform – only adding to the increasing number of OMNI use cases.

As part of the decentralized movement, Omni understands that the platform can be the vehicle for positive societal reform. They have dedicated their work to form the new standard for society, the economy, and the environment. By combining the features of the main social media platforms, placing power back into the hands of users, and rewarding user activity with monetization – Omni is part of the new breed of user-centric corporations.

If you want to learn more about Omni music NFT possibilities/opportunities, visit their website here

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory