Hello friends, let me give a brief explanation of Bitsong

Bitsong is an ecosystem of services and technologies for the music industry. Selling music will only be available through nft, which will be available after the upgrade.It unifies music artists, creators, managers, labels, and fans, enabling them to earn real-time royalties, discover exclusive content, mint and trade Fantokens, and buy and sell NFTs.

BitSong was established in 2018 and initially intended to be Ethereum-based. But with the discovery of the Cosmos ecosystem, which is a multi-chain environment and "Internet of Blockchains", BitSong launched on Cosmos in 2021 and transitioned into an IBC-enabled and multi-chain interoperable ecosystem.

The platform is a holistic ecosystem that features music, merchandise, fan tokens, NFTs, a marketplace, a music streaming platform, and a decentralized exchange, all built on a robust and very secure blockchain technology.

Music is our way of life and cuts across different traditions, religions, cultures, countries, regions, tribes, races, etc. As children, pacification came with lullabies, which means we were groomed with music.

In fact, according to neuroscientists music has long-lasting benefits for babies. After babies listen to music, their auditory and prefrontal cortexes which are regions of the brain in charge of processing both music and speech look different and this improves their personal traits.

Statistics also state that roughly 7.11 billion people listen to music. However, the reality can have it that almost 100% of the world population listens to music, but how we listen to music varies and is fleeting.

Web3 or the decentralized web has integrated several sectors of real-time like finance, gaming, arts, etc. Still, music is one sector that has been scarcely explored, which is somewhat ironic because music makes up the bulk of our life experiences.

BitSong is changing the narrative as an all-round multifunctional and holistic ecosystem dedicated to everything music.

The BitSong Ecosystem?

$BTSG;

$BTSG is the utility and governance token of BitSong and ultimately, it is the currency of music used to power the BitSong ecosystem.

Artists, music industry participants, and fans can use BTSG to:

Buy, sell, and trade Fan Tokens

Buy, sell and trade NFTs

Swap BTSG for other cryptocurrencies on centralized and decentralized exchanges

Stake BTSG to a Validator to help secure the network and earn more BTSG as rewards

Sinfonia;

Sinfonia is the decentralized exchange of BitSong with various listed cryptocurrencies and fantokens.

It is a multi-chain DEX with various IBC-enabled assets that you can swap such as $ATOM, $OSMO, etc.

FanTokens;

These are cryptocurrencies specially created for artists and labels that launch on BitSong, providing a way for fans to support the artists and music they love.

Fans that own the fantoken of an artist or label can have access to VIP experiences, get exclusive previews, buy tickets to their artist shows, have a say over how they engage with their favorite musicians, provide liquidity to liquidity pools/farms for rewards, and so on.

BitSong Wallet;

The BitSong Wallet is a decentralized wallet that enables users – fans, artists, labels, etc to be able to store their tokens and interact with them seamlessly.

Music NFT Marketplace;

With this marketplace, fans can buy, sell, trade, and stake the NFTs of their favorite artists or label. Users can buy tickets paying in $BTSG and collect exclusive merchandise, rare items, and merch of their artists.

Music Streaming Platform (Radio Player;

This platform built by BitSong gives you access to stream songs of any genre across different regions and locations; Spain, Italy, China, etc.

After launching the main BitSong blockchain in August 2020, the bitsong-2b mainnet went live on October 21, 2021. Featuring Fan Tokens, NFTs, and music streaming platform, all underpinned by secure, robust, battle-tested blockchain technology, the launch of BitSong marks a turning point in the ongoing development of the music industry.

Visit us for more information

Twitter; https://twitter.com/bitsongofficial

Medium; https://medium.com/@bitsongofficial

Website; https://bitsong.io/

Github; https://github.com/bitsongofficial

Reddit; https://www.reddit.com/r/bitsong