Hi Readers — just wanted to drop a little alpha on Gala Music as this really is one of the few web3 projects that really excites me
Gala Music is a revolutionary decentralized platform built on GalaChain (which is a layer 1 crypto blockchain) that simultaneously gives content creators full autonomy of their music, whilst economically rewarding fans and users. The platform has taken things by storm recently by announcing major partnerships with the likes of Snoop Dogg and Jordin Sparks with many more lined up in the pipeline.
The project is captained by Leila Steinberg who is famed for her success with Hip-Hop Icon, Tupac Shakur.
The platform, which is akin to Spotify, hosts in excess of 10,000 music tracks across 1K+ artists, on a decentralised server using the power of blockchain, smart contracts and NFTs. And whilst these numbers are relatively small compared to the likes of Spotify and Apple music, Leila has been very vocal about growing the platform and there are some strong whispers about a number of key partnerships lined up.
However, one of the key differences between Gala Music and say Spotify is the incredibly smart earning mechanism available to users, listeners, and the community. Let’s take a dive into those….
- Owning a Jukebox
Jukebox operators who host music tracks receive $MUSIC token every time a track is played from their Jukebox. These Jukebox operatators are paramount and are essentially used to host, store, and…
