Mynt announces their Founders Token NFT drop on Zuse Market in collaboration with The HBAR Foundation.
March 8th 2023 –
Whether you’re an artist, NFT project or enterprise, the utility and value of the Hedera network is undeniable, and precisely the reason that Adam Smith, George Worsey, Adam Levite, decided to migrate over from ETH to HBAR to launch their music NFT project Mynt. The team has one vision in mind; to disrupt the music industry and enable artists to generate new revenue streams in web3 through creating eco-friendly NFTs that could only be built on Hedera. Currently the Hedera network uses 1000x less energy than visa transactions which is very attractive for artists who might have been hesitant to get involved in the world of NFTs on blockchain. With a negative carbon footprint, projects can speak to their audiences and incentivise fans to onboard Hedera on an eco-friendly network that they can champion and trust.
As the NFT ecosystem continues to grow and evolve, the Hedera community is starting to attract the attention of experienced web3 builders interested in migrating over to the network from other chains. With platforms like Zuse Market recently hitting the milestone of 125 million HBAR transactions in secondary NFT sales, it’s no wonder people are taking notice of the vibrant ecosystem and abundance of opportunities to build on hashgraph.
Their Founders Token, in partnership with The HBAR Foundation will be their debut NFT launch, offering community members a unique bundle of visual art, music, phygital merch “jersey” and exciting ongoing utility access to the project’s future releases and marketplace platform. The Founders Token will be dropping on the Zuse Market Launchpad on March 23, 2023 with only 100 copies available.
Having already established a successful NFT project featuring over 30+ artists, Mynt is thrilled to be building this next chapter using the Hedera network and offering their partners in the sync-licensing and publishing world the opportunity to access the utility of this next generation DLT. As a creative studio with decades of experience in the music industry, Mynt is committed to onboarding top-tier talent over to Hedera, and curating premium quality content for their digital collectibles and launchpad. The goal is to provide value to artists, fans, management, and labels, and showcase the power and sustainability of these emerging revenue models through music NFTs.
“We see the potential of this technology to drive value towards both artists and labels but fans as well. We can’t wait to highlight all the innovation that Hedera can offer the traditional music industry.”
– George Worsey, Co-Founder
Right now artists within the music industry struggle with delayed payments, lots of fees, lack of direct access to fans, multiple service providers taking a cut as well as complex royalty agreements and difficulties tracking down all the potentially earned revenue of said royalties across dozens of platforms.
There is a lot of money being left on the table for not only labels and artists, but fans as well. Mynt is here to showcase that there are new emerging ways to not only connect artists and fans directly, but to leverage the utility of Hedera to connect with existing royalty systems within the music industry that will create real value through efficiency and automation.
With a track record of building trust with musicians, artists, and their teams, Mynt will be able to support and cultivate exciting projects and bring the best talent to Hedera as well as drive mass adoption from music fans for digital collectibles.
“We are focused on illustrating value to artists and management by showcasing the incredible use cases for music NFTs such as collectibles, experiences, retail etc. through the launch of highly visible and appealing digital assets.”
– Adam Levite, Creative Partner
Through fostering the relationship between artists and music fans on web3, Mynt will cultivate a strong community centered around curated eco-friendly digital music collectibles that offer music lovers the ability to directly support their favorite musicians through new revenue streams such as music NFTs powered by Hedera. By managing their artist’s initial drops and releases, Mynt intends to incubate regular artists into the world of web3, providing them with the knowledge and insight to launch and grow successful NFT projects.
“We feel that creating a place where people can go to find curated, music centric eco-friendly NFT projects is essential for establishing a healthy music community and positioning ourselves as leaders in this space.”
– Adam Smith, Co-Founder