The Polygon blockchain’s God of Musician (GOM) leaderboard is the first ever financially-based, decentralized music rating system. It aspires to be the pioneering and most fair economic paradigm for music’s decentralized finance.
The digital music industry is now worth more than $12 billion, which is far greater than the size of the NFT market; but, for how much longer…
Many artists, such as Calvin Harris and The Weeknd, have spoken out in favor of decentralizing the music business by using blockchain technology because they disagree with the present manner of financial recompense.
The Weeknd has announced that he will be working with cryptocurrency exchange Binance to launch the first ever worldwide tour fueled entirely by digital currency. This trip will help you connect the dots between your on-chain and off-chain activities.
Is there anything you don’t know that these renowned individuals do?
When it comes to music ownership, distribution, and consumption, non-fungible token technology will bring about radical changes. Thanks to efforts like God of Musician, this technology is becoming more widely available to musicians and their fans.
Non-fungible tokens (NFTs) will be combined with a new kind of cryptocurrency token ($GOM) in GOM, allowing musicians to issue lyrics, melodies, songs, or even whole albums or playlists as NFTs and therefore control and benefit from these works of expression.
How to Get Started in Mining using GMiner:
The GOM project’s initial release, GMiner, is now available to savvy investors who may take part by linking a wallet and making a payment in MATIC. Users of the site are now needed to utilize it in order to generate their own GOM NFTs and tokens.
GMiner has three tiers, Newbie, Talent, and Pro, and each tier has a different amount of stamina. For a certain amount of stamina, you may mine tokens every day.
Each GMiner is limited to producing a maximum of 200,000 GOM coins each day.
Additionally, the maximum number of GMiner sales will be capped based on the total quantity of gold produced.
We’ll soon have the updated white list available. GMiners will be eligible for a multitude of bonus rewards and perks in the future. Future voting rights, gamification, and staking incentives are all good instances of this.
Participating in an active airdrop event offered by the Gleam campaign is the only other way to get a GOM token distribution except utilizing GMiner.
Since lockdowns have been lifted intermittently during the past two years, concertgoers have had more opportunities than ever to enjoy live music. Huge perks, including as access to festivals, concerts, and performances, are available to individuals who participate in the GOM ecosystem, especially those who utilize GMiner.
When it comes to matters of security, what are your thoughts?
The GOM group believes that decentralized NFT trading is more secure and transparent than exchange-based NFT trading. Consequently, they have settled on Polygon as their preferred blockchain due to the benefits it offers in terms of transaction time and financial investment.
Eventually, it will work with any chain, but for now, only ETH and BSC are supported.
Is there a guidebook I can read?
White paper is available for download at the given URL. There is a plan of action, and it’s rather comprehensive.