eMusic is a music distribution platform that has been launched in 1998. It also offers the NFT marketplace.
They built a decentralized music distribution and royalty management system to better reward musicians and their fans.
eMusic has been redefining music distribution service through blockchain technology.
The team anticipates an inevitable shift towards decentralization in the music industry. eMusic is trying to be the first major music platform to fully switch over to a blockchain-based system.
It has introduced “eMusic Token (eMU)”, an Ethereum-based ERC-20 token, to the platform. Its price is $0.39 per token and total supply is capped at 500 million.
Users can use eMU to buy music downloads, get access to exclusive contents available only to token holders, and more.
The white paper is here.
(As of August 7, 2021)