BOSTON, MA – BeatFarm launched the world’s first Bitcoin Native Music NFT protocol, offering artists with the power to instantly create, commerce and monetize work on the world’s most decentralized blockchain.
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Not like Ethereum or Sidechain-based platforms, BeatFarm makes use of the Bitcoin pc protocol to construct instantly into the bottom layer of Bitcoin. In different phrases, tokens should not the one songs created by BeatFarm. They’re unchanging owned digital property with royalties and rights highlighted in Bitcoin itself.
“Different platforms power Bitcoin into Ethereum-type molds. Beat farms construct instantly from the essential ideas of Bitcoin, sovereignty, resistance to censorship, and permanence. This can be a much-needed cultural and financial change.”
Ian Anderson, Beat Farm Board Advisor
The way it works
Bitcoin Native Music NFTS: Vehicles are minted instantly in Bitcoin as a everlasting and possessable asset.
Royalty enforcement: UTXO-based sensible contracts automate funds for clear artists.
Distributed Storage: Music recordsdata are saved in IPF, and metadata is saved in ordinal numbers.
Unreliable Transactions: Atomic swaps permit direct peer-to-peer exchanges.
Tremendous Fan Engagement: Artists can engrave unique drops, stay performances and premium content material instantly into the chain.
Every launch is created as a TBC20 token, embedding royalties and rights. The artist ensures that pricing, rarity and royalty are break up up with mint, and that sensible contracts mechanically route all resale to creators.
Progress Market
World retail music gross sales are on observe to exceed $44 billion by 2024, and are projected to succeed in $53 billion by 2028 (Omdia, 2024). BeatFarm goals to seize a few of this development by providing Web3-Native e-commerce instruments. Artists and labels provide the power to engrave music, stay units and fan exclusives whereas retaining extra income than conventional platforms.
Early Milestones
First Dwell Music Inscription: BeatFarm Etched “Again to the Begin” Dwell Token 2049 Singapore on to Bitcoin and ESC.
Yelo Partnership: Unlock entry to Indian and Sri Lankan movie rating catalogs.
Launch of Honest Inscription: The primary token rollout was led instantly by artists who solidify Beat Farm’s neighborhood first ethos.
“BeatFarm gives artists the instruments to regulate their music, join with tremendous followers and in the end compensated pretty. For the primary time, music can stay without end on Bitcoin.
Alex Panos, co-founder of Beatfarm
Bitcoin solidifies its function because the spine of digital worth, so Beat Farm reveals that music additionally belongs there. It isn’t only a new platform for artists, it is a cultural shift in how music is owned, traded and skilled within the Web3 period.
