PlayTreks and its NFT Marketplace, The PlayGrounds, Named a Key Player in the NFT Music Industry by AMA Research.

PlayTreks, all-in-one platform for the music industry

PlayTreks, all-in-one platform for the music industry

PlayGrounds by PlayTrek’s NFT Marketplace

Create Non-Workable Tokens with PlayGrounds by PlayTreks

Being named a key player among well-funded NFT marketplaces such as Opensea, TuneGo, Rarible, Amuse, Nifty Gateway and Makersplace is recognition for PlayTreks.

DUBAI, DUBAI, UNITED ARAB EMIRATES, Oct. 8, 2022 /EINPresswire.com/ — PlayTreks and its NFT Marketplace for musicians, The PlayGrounds, Named a Key Player in the NFT Music Industry by AMA Research.

Since its inception, the company has experienced fantastic growth with its All-in-One platform. The platform provides all the important functionality artists need to succeed. It also includes a rapidly growing NFT marketplace, where artists and record labels can have control over their digital content and monetization without having to deal with intermediaries.

Being named a key player among several well-funded NFT marketplaces such as Opensea, TuneGo, Rarible, Amuse, Nifty Gateway, Opulous and Makersplace is a well-deserved recognition of all the hard work done at PlayTreks.

AMA Research is a leading B2B market research firm providing quantifiable insights into emerging opportunities impacting more than 80% of worldwide revenue.

In this study, AMA analysts track high growth with detailed statistical analysis and analysis of market trends and dynamics to provide a complete understanding of the market. We follow a comprehensive research methodology combined with critical insight related to industry factors.

The global NFT Music market report presents a comprehensive analysis of the NFT Music market by product type (Classic Music, DJ Music and Others), by end user/application (Album Releases, Beat Selling, Merch Sales and Others), and geography ( America, South Americas, Europe, Asia-Pacific and MEA) along with country-level breakdown. This section of our report presents a realistic picture of the global NFT music industry. Investors and stakeholders can easily understand the inherent opportunities and challenges for their products in geographic areas of interest. While the North American market holds 54.2% of the market share for NFT Music, the European market has emerged as a crucial market for several NFT Music brands.

As impressive NFT headlines abound, PlayTreks has been quietly building its blockchain solution for indie and DIY artists. Now the pre-Series A company is hitting critical thresholds on the NFT marketplace “The Playgrounds”.

PlayTreks, a Belgium and UAE-based company that offers music distribution, data analytics, airplay monitoring and a blockchain-based marketplace. Since launching its services, the pre-Series A company has been quietly attracting indie artists to the NFT music market to drive increased revenue and stronger fan relationships.

PlayTreks launched The Playgrounds with a fairly simple goal: to allow advertisers to monetize their content by putting it into Non-Fungible Tokens (NFTs) and to provide transparency in an industry where transparency is not a given.

‘The Playgrounds’ is now causing an increase in daily entries. According to statistics shared by Playtreks, the burgeoning artist platform now counts thousands of indie musician members. Given the early nature of music NFTs, that’s enough to signal a proof-of-concept while forming a base of core users.

What sets PlayTreks apart from the pack is the fact that the company not only has a powerful NFT marketplace, but also includes music distribution to all Web2 platforms, near real-time global radio monitoring, metadata from millions of artists and songs, and cross-channel analytics .

Understanding the uncertainty surrounding crypto payments, PlayTreks also allows fiat currency payments of non-fungible tokens by credit card. In doing so, the company aims to lower the barrier to entry for everyone to experience the power of NFTs. This is done by buying, collecting, shopping and fans supporting their favorite artists directly. It increases peer-to-peer interactions between fans and creators of digital content.

The inclusion of PlayTreks in the AMA market research report follows recent recognition by the Emirates Angel Investors Association, the UAE Ministry of Economy and Cosmo Energy Holdings to represent the UAE on a trade mission to CEATEC, one of the largest consumer electronic trade fairs in the world, held in October in Tokyo, Japan. PlayTreks has often been named a key player in the NFT Music segment by several market-leading research organizations through 2022.

We are proud to be recognized as a key player in the NFT Music industry, said Anjo De Heus, CEO of PlayTreks / The PlayGrounds. Our goal from day one has been to democratize the music industry and provide a powerful All-in-One platform for DIY and Indie artists with a high degree of transparency and tools to optimize digital content monetization.

NFT music is a trend in the music industry. Technological innovations have affected how music is created, played, stored, distributed and enjoyed. This is from the first records to streaming services such as Spotify and Apple Music, from the birth of record changing to the rise of modern electronic sound. A number of singers and musicians such as Grimes and iconic bands such as the Rolling Stones were attracted to the revolutionary technology. An NFT is a rare item recorded on a digital ledger in the music industry. Non-fungible tokens (NFTs) swept the music industry this year. Hundreds of singers and musicians, including youthful multi-hyphenate artists like Grimes and iconic bands like the Rolling Stones, were drawn to the cutting-edge technology. Some of these artists have made millions of dollars by selling tokenized versions of their songs, digital art or bundles of virtual and real products. NFTs and fan tokens have the potential to completely transform the music industry. NFT gives musicians interesting opportunities to cut out some of the industry’s middlemen and third parties, as well as tokenize their work in a completely new way.

Global NFT Music has become a fragmented market due to the presence of various players. The companies are planning strategic activities such as partnerships, mergers and acquisitions that will help them to sustain the market and maintain competitive advantage.

For more information contact PlayTreks by email [email protected] or visit the website at www.playtreks.com or www.theplaygrounds.io

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