Gala Music is looking to completely change the music industry.
Much like LABEL mentioned earlier this week, Gala is looking to take advantage of the tech behind NFTs. This technology seems perfectly suited for the music industry. Owning a Gala Node allows holders to support the artists whose music they are hosting. Gala is one of the newest platforms to target the traditional music streaming model. Instead of the centralized platforms owning and hosting the music, they are putting it in the hands of the fans and artists. Typically, these centralized platforms (i.e. Spotify, Apple Music) receive 100% of the revenue. They then distribute a very small percent of that to the artists.
The new #decentralized world of music is coming…
Snoop Dogg’s new album B.O.D.R. is dropping on the blockchain, with 3 songs exclusive to #GalaMusic!
— Gala Music (@GoGalaMusic) February 9, 2022
This was the only option prior to blockchain and NFT technology. Now, digital ownership and hosting can be put in the hands of fans and artists around the world.
Gala Music has vaulted to prominence with their announced launch partnership with Snoop Dogg. He is releasing his newest album on the blockchain, fully embracing Web3.
Bacc on Death Row (B.O.D.R.)
Launching last week, Snoop Dogg’s first NFT album, B.O.D.R., dropped on the Gala Music network. For $5000 USD worth of $GALA, collectors could buy a Stash Box that contains an NFT of one of the 17 songs from the album. Only 1470 of each song is available. By collecting each one of the individual songs, collectors can unlock further benefits. This includes VIP parties at Snoop Dogg’s mansion. Additionally, holders of the entire album’s worth of NFTs receive a Death Row chain worn by Snoop Dogg himself.
This is the best way to support your favorite artist and get rewarded yourself. Not only are there real-life rewards, but much like play-to-earn, listening-to-earn is a real possibility on-chain.
How Does Listen-to-Earn Work?
With Gala Nodes, earning tokens while you listen is becoming a possibility. Music Nodes allow holders to host a network of songs that anyone can access. According to the Gala Music Website:
“Each node can host music NFTs, which may then be accessed through the network, rewarding both the operator of the node who hosts the track as well as the NFT owner and artist for each listen.
This system not only rewards NFT owners and hosting node operators for supporting the ecosystem, but gives the largest portion of rewards directly to the artist themselves”
This mechanic is not functional at this moment but is in development. Currently, nodes can be purchased for 4076.086 $GALA, or USD $1195. Rewards will be generated in Gala Music tokens. Currently, the price of $GALA sits at $0.2933, down 3.72% in the last 24 hours.
Player nodes are now on sale!
— Gala Music (@GoGalaMusic) February 11, 2022
Invest in Gala and Gala Music now to be part of the music revolution! Support your favorite artists and see a chunk of those rewards yourself.
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