SINGAPORE–(BUSINESS WIRE)–FENIX (https://www.fenix.cash/), the corporate empowering impartial artists to succeed in followers instantly, declares the launch of its blockchain-based platform, in addition to the preliminary itemizing of its utility token, FENIX Token, on sky.io. Artists in every single place, each aspiring and established, can now construct their very own band app via the platform in simply 20 minutes, and followers can reward artists they assist with FENIX Tokens.
The music {industry} is notoriously arduous to crack. It’s why dad and mom scoff at murmurs from their youngsters about pursuing a profession in music, and it’s why so many ravenous artists attempt their luck at small-time dives whereas struggling via typical jobs. Roughly 91 percent of artists go undiscovered and, in accordance with a Citigroup report, artists that do succeed solely take residence about 12 % of the cash the music {industry} makes. FENIX’s platform leverages blockchain know-how to rebalance music-industry dynamics within the favor of impartial artists and followers, giving each artist a good shot and a minimal of 80 % of the hard-earned proceeds from their music.
FENIX’s utility ecosystem presents artists management of their on-line presence within the type of their very own band app, full with a complete dashboard with full analytics. The online-based app options every little thing an artist desires it to, together with video and audio music, social media, merchandise, ticketing, and interviews. Followers can navigate via each artist’s app on FENIX’s platform and, utilizing FENIX Tokens, buy artist merchandise and live performance tickets, in addition to make donations to artists they assist. FENIX presents artists direct and immediate entry to followers, all whereas enabling them to earn revenue on advertisements.
Powered by the Ethereum blockchain, FENIX can have a most of two.79 billion tokens in circulation. To exhibit its dedication to serving to up-and-coming artists thrive, FENIX will supply 180 million tokens as grants to artists within the first two years of their enterprise, in two grant rounds of 90 million tokens every. FENIX’s platform is open to retail traders outdoors of the U.S. and China, in addition to accredited institutional traders within the U.S.
“No one has actually offered significant assist to non-famous artists,” says Allan Klepfisz, Chairman & CEO of FENIX. “We’re sincerely dedicating ourselves to take action, on a number of fronts- by offering a method of considerably rising their income, by continually including efficient instruments to enhance their enterprise, not taking an obscene share of their revenues, and giving them whole management of how they current themselves. So far as we’re involved, this simply constitutes a modest begin.”
“Immediately, it’s more durable than ever for artists to earn the cash they deserve,” says Lance Ford, Founder and President of FENIX. “Options to assist artists want new considering, each literal and lateral. Our blockchain-powered app presents good and easy performance, returning to artists management over their music, picture, and message. FENIX places artists in cost, empowering them to speak instantly with their followers.
“Finally, it’s the performance of our FENIX app that will probably be most essential to bands and followers, says Richard Lee, Founder and Head of Execution. “Any true platform for artists should serve each, and FENIX does so successfully.”
About FENIX:
Based in 2018, FENIX is a utility ecosystem empowering impartial artists to succeed in followers instantly on a single platform, with out the necessity for intermediaries or document labels. Musicians construct their very own band app via the platform in simply 20 minutes, offering followers with a one-stop-shop for songs, live performance tickets, merchandise, and interviews. FENIX provides each artist 80 % of the proceeds they generate on the app via FENIX tokens and promoting.
