The music sector, which is a sector that is expected to generate 30 billion dollars revenue by 2030, is coming to Cosmos, a new project.
Playlist, a social music streaming application, is building the first large-scale hybrid dApp, which aims to empower Cosmos to enhance interaction in the music ecosystem. According to the website, the Playlist offers 45 million songs without subscribing and has already reached more than 400,000 downloads on iOS.
The app was $ 5 million more budgeted than Playlist and was recommended by Eric Meltzer, Amino Capital, Zaki Manian, president of Tendermint Labs, and recently by investors from Spencer Noon, DTC Capital.
Uz We are excited to be investors and future verifiers in Playlist's central music ecosystem. The team designed a compelling economy that unlocks value for rights holders and fans without sacrificing any part of the user experience in the Playlist application. Ekip
Or It's a great model because it is an application that will look and feel like a normal application, but the Cosmos in the background is used. This is a formula for mass adoption. Bu
In his speech to The Block, DTC Capital said that the current token model is a state-of-the-art technology, and that Playlist is now looking for participants with strategic stakers or generalized mining experience. The playlist also plans to offer a special strategic sale for stakers, with the expectation of launching its network in Cosmos.
A Popular Music Playlist App Will Use Cosmos to Build a Hybrid DApp Ecosystem
Hybrid A DApp Ecosystem
"Cosmos" The design is an interesting design. Smart contract when you apply it to a general-purpose blockchain, there are things you can't customize. Cosmos is turning its head to the blockchain specific to the head, however, it is a drawback that you have to find your own validators. I think the future will include both models depending on the needs of the dApps, so the launch of Cosmos for me is an epic epic moment for crypto. Gel
Founders Karen Katz and Steve Petersen are two public offering, $ 300 million exit, 36 patents, and Stanford engineers and serial entrepreneurs with over 10 years of experience in digital music. The duo is excited to work with Cosmos to enable more users to participate among artists and fans.
Plague CEO Katz in the press release sent to The Block,
Or Cosmos's scalable platform and SDK accelerate our expansion to the blockchain. The given Playlist allows other broadcast services to be added to 10x users, we need very high operations per second. Cosmos, the growing artist curator, is clearly the best technology to make new generation operations possible in our fascinating and admiring community. Cos
Source: Theblockcrypto