Music Industry Modernized With Blockchain – Younk Is an Upcoming and Promising Startup for Investors

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Global News / Crypto News 16 Views comments

Younk is a blockchain platform that modernizes the way the music industry works! It allows music lovers to participate in the process of discovering new music and gives an opportunity to co-own future hits and share the income.

What’s going on with the music market?

Up to 70% of the revenues are owned by ‘Big Three’ major labels (Universal, Sony and Warner Music). They decide what should be popular all over the world and who’ll be the next superstar.

Younk has been created to make music industry accessible and profitable for both artists and community.

It is the first decentralized community label. Label, opened for everyone, all over the world. Label, driven by the community, the listeners. Label, which makes possible for everyone to capitalize on music.

The blockchain-based platform gives an opportunity to discover, support and co-own hits. It’s the perfect place for talents to be heard, and for the community to join the music industry, co-own creative product and get the benefit!

We’ve created something, which could literally change the way new artists’ demos are reviewed. Not by big labels specialists – but exactly through listeners, who can contribute into their favorite song and get a profit after”, Andrey Dakhovskyy, co-founder of Younk, commented.

All creative products on the platform are community funded and collectively owned. Talent uploads a demo. Community listens to demos and rates the talents, votes with tokens. Then hit is produced, released and promoted. And finally, revenue is distributed by a smart contract.

The music business as we know it has gone through dramatic changes. The reality is – in today’s music business, just having talent is not enough to become successful”, – says Don Grierson, a legendary music industry executive and co-founder of Younk.

Don Grierson is a man, who received the Golden Apple Award from The Beatles and signed Celine Dion to her first US recording contract. And he’s ready to give all tips and tricks to find the best hits ever!

Crypto world is ready to get access to $17 billion-dollar industry. Younk gives the one and only possible way to discover hits using modern tools.

Are you ready to dive into the music industry and start earning on the up-and-coming hits? Private pre-sale starts on May 18th, 2018. Don’t miss your place in the whitelist!

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