Tunedly aims to destroy music industry bias with Crypto Project TunedCoin

Let’s be real. If you have a list of songs in front of you, you’re going to play one from an artist you’re familiar with.

This creates a bias in the music industry as it makes it even harder for new artists to gain recognition as no one would even give their music a chance. How do you know you’re going to dislike their music if you don’t even try it?

You force yourself to be in a bubble of artists you recognize because you think you’ll only like their music. With new artists popping up every day, it’s getting harder and harder for good music to stand out from the crowd. So what is the solution?

What is Tunedly

Tunedly is a Masked Music Discovery Platform that aims to destroy bias in the music industry. On this new emerging platform, there is no such thing as likes or views. In fact, you can’t even see who wrote or sang the song. The whole point of these restrictions is to help people really appreciate a song because it’s actually good and not because of who’s behind it.

Although this concept is new to many, listeners are certainly fascinated. I can’t remember the last time I listened to a song by an unknown artist. Tunedly helped me realize that just because I’m not familiar with an artist doesn’t mean they don’t want a killer song. The platform features hundreds of different artists in different genres, curated according to your taste.

Tunedly also has a mobile application called the Tunedly Music Discovery app where listeners can experience a more user-friendly interface while browsing through the countless songs curated to their liking. The Tunedly algorithm will analyze your song choices to later give you a better and more personalized experience by only showing you songs that fit your mood.

Listener benefits

So, what’s in it for listeners? In addition to getting the opportunity to listen to music on the platform for free, listeners can also earn rewards for upvoting songs that end up being signed by a label. The way this works is that a listener can vote up one song a day on the platform. Top songs are signed by a label on the platform. If a particular song is signed, everyone who upvoted it will receive an NFT of the song. But that’s not all. The first 1000 listeners who upvote the song will also receive TunedCoins as a reward. Why is this important?

Blockchain technology has allowed the music industry to develop more ways for both listeners and artists to interact with each other financially. Tunedly aims to give all stakeholders a fair way to get paid for their services. Holders of TunedCoins have the option to also receive a portion of future royalties when the signed song is released. Through this crypto project, budding artists now have a chance to compete with industry professionals.

Royalty splitter

Royalties are an important part of the blockchain experience provided by Tunedly. This masked music platform ensures that all stakeholders responsible for a song being signed will receive their fair share of royalties from the song. The higher the number of TunedCoins you own, the more royalties you will earn as a result. Although this is a unique concept in the music industry, it helps new artists finally get an audience that will give their music a chance.

Royalties are shared in a way where everyone gets a fair share of the pie. Let’s say there are two stakeholders who each have 10 TunedCoins. A song with $100 in royalties would be split evenly between them, and they would each get $50. However, if a stakeholder earns 5 more TunedCoins and now has a total of 15 TunedCoins, the royalties will no longer be split equally. The $100 royalties will then be split between $60 and $40.

TunedCoin (TUC)

TunedCoin (TUC) is the native cryptocurrency of the Tunedly platform. This utility token was built on the Polygon blockchain. Polygon is a second-tier Ethereum smart chain. The advantage of building on Polygon is that it allows this token to experience faster transaction speeds at only a fraction of the cost compared to the Ethereum blockchain.

TunedCoins will have a total supply of 21 million tokens. These tokens will be released as an ICO in Q2 of 2023 and will be used to expand the platform. Currently, the only way to earn TunedCoins is by listening to music and upvoting your favorites on the platform. However, once the ICO is released, TunedCoins will be more accessible to the general public.

Final verdict

There is no doubt that the music industry has a long way to go when it comes to destroying bias. With dozens of artists appearing every day, it becomes even more difficult for the right songs to stand out. However, Tunedly is certainly paving the way for budding artists through blockchain technology that ensures everyone gets a fair share of the rewards.