With people's understanding of the huge prospects of blockchain technology, blockchain technology has gradually involved major industries. Today, I'll introduce two blockchain technologies that are closely related to our entertainment life.
Do you like to listen to music? If you like it, how do you usually download your favorite music? Did you encounter any resistance during the download process? I think the answer is absolutely yes. Because, it can be said that the current music industry has been fragmented. For example, music streaming platforms such as Spotify, Deezer, and Apple Music account for 80% of artists’ revenue. The more famous artists can still accept this distribution, while artists with narrow audiences often fail to earn a living because of these music streaming media platforms. Music fans also suffer from the same problems. As the streaming media distribution platform competes for exclusive agreements and thus splits the entire music industry, fans often have to switch between many different platforms in order to hear the works of their favorite artists. Based on this situation, the world's first decentralized music platform based on Etherum and IPFS was born in the second half of 2016, that is the Opus (OTP), there is an opus ico above.
Opus can solve music ownership and sharing problems at the infrastructure and protocol level. Opus can transmit thousands of audio tracks per second. By storing decryption keys, new mechanisms can be developed, such as the use, transaction and management of music files. With Opus, the artist can push their works directly to the fan's Ethereum contract without a middleman through the key. Since all the information is stored in the Opus smart contract, Opus also has its own incentive mechanism, such as the ability to send components from each work to opus coin holders.
Musicians using opus can publish audio sources on opus and price each song. For fans, they can get their music collection quickly and permanently from anywhere in the cloud. All songs are stored in the interstellar file system and are irrevocable, so fans will only need to purchase to get the title of the song on all platforms. As for the token holders, if the demand for opus tokens is increased by fans and musicians, the value of the tokens will also increase. So compared to traditional streaming media products, Opus has the following advantages:
(1) Transparency: trading based on the Ethereum blockchain is completely open and transparent, and record companies can no longer hide income from musicians.
(2) Free: the Opus team does not charge anything - 97% of sales are directly earned by musicians.
(3) Democracy: In OpusDAO, token holders vote on bids every month, and democracy decides how to develop the Opus platform.
(4) Anti-blocking: the Opus platform has the advantage of anti-blocking because every aspect of the platform is completely decentralized,
(5)Cross-platform: with the advantages of globalization, APIs for third parties are being developed so that developers around the world can develop music players based on the Opus platform.
When comes to the investment value of opus, we can see the opt chart first. The price of Opus to USD had been varying ever since its release. At the beginning of Jan 2018, it experienced a sudden increase and later reached the historical high at 0.242564 USD on Jan 9, 2018. Although after that, the price suffered a dramatic slump while fluctuating and lately the trend became a bit steady. I believe it will soon counterattack, because if the demand for Opus tokens is high for fans and musicians, the value of tokens will also increase, and I believe no one will refuse such a good platform.
2.Herocoin
The first music-related blockchain platform just introduced may be of interest to most girls, so for boys, you might be interested in the second block chain technology that I'm going to introduce next, that is HeroCoin (play).
HERO has completely changed today's concentrated online betting method. This token allows you to join or create games in Ethereum. HERO's design enforces active and passive income streams for all participants in the ecosystem. This transparent and decentralized way of betting breaks the traditional paradigm of "the banker always wins".
The HERO ecosystem consists of game creators and players. Everyone can participate by simply joining or creating a game. The whole community benefits from the growing activity because each HERO token holder is guaranteed to be able to get back all the games he has played. In addition, those who create games will also receive creator awards. .
Through the introduction of these two blockchain technologies, I think the only thing we can conclude is that blockchain technology is really developing rapidly and has penetrated into all aspects of our lives, such as AI-based personal finance assistant, Daneel ( dan).