NEW
YORK, June 6, 2024 /PRNewswire/ -- Jam Galaxy, a
web3 music studio and collaborative audio protocol, and Tune.FM, a
groundbreaking decentralized music streaming platform
and unique music NFT marketplace, today announced a strategic
partnership to combine efforts to provide Galaxy web3 creators and
jammers with collaboration tools for song creation, artist
monetization and the creation of super fan experiences on the
Tune.FM platform.
At the heart of Jam Galaxy's model is a commitment to
transforming the music industry through advanced technologies that
empower both artists and fans. The Jam Galaxy platform provides
avenues for real-time collaboration with extremely low latency
through DePIN infrastructure while providing access to advanced AI
music production tools for seamless creation music creation,
real-time co-production, song collaboration and fan engagement.
Tune.FM is transforming artist compensation and monetization,
positioning itself as a major, transformational startup technology
company. By seamlessly integrating Hedera Hashgraph blockchain
technology, with features including elaborate multimedia NFTs,
exclusive super fan experiences and streaming royalty payments,
Tune.FM is reshaping the music industry landscape.
When the Music Gets Played, The Artist Gets Paid
Breaking away from the traditional subscription-based and
ad-supported models of mainstream streaming services today, Tune.FM
is creating a more sustainable ecosystem through decentralization
and tokenization (JAM), allowing artists to be compensated
significantly and more fairly. In fact, Tune.FM compensates artists
by up to 100X compared to other streaming platforms. In addition,
artists can sell music, release exclusive NFT drops and multimedia
elements directly to fans, and can take advantage of exclusive,
immersive super fan experiences including merch bundles, meet and
greets, VIP events, backstage passes, FaceTime opportunities with
artists, and more. Offering a pay-as-you-go model, Tune.FM gives
users the ability to choose what they listen to and pay for only
what they consume, and to get compensated for listening to promoted
music streams, representing a seismic shift in the music fan
experience.
"We are incredibly excited to partner with Tune.FM," said Jam
Galaxy co-founder and CEO Patrik
Gudev. "Tune.FM's pioneering approach to music streaming and
NFTs aligns perfectly with our mission to empower artists and
enhance their creative journeys. This partnership will provide our
users with unparalleled opportunities to monetize their music and
engage with their fans in innovative ways."
"This is a perfect combination of our joint goals of empowering
and giving control back to artists and helping unlock the value of
music," said Tune.FM Co-Founder and CEO Andrew Antar. "By joining forces with Tune.FM,
Jam Galaxy's web3 creators and jammers gain access to our
cutting-edge platform for monetizing their music. Tune.FM's
decentralized streaming service and music NFT
marketplace allow our artists to earn JAM tokens, promote their
songs to new listeners, and create collectible music NFTs. Fans can
directly support our artists, earn rewards and enjoy unique
experiences."
If you are an artist and would like to join us on this journey,
check out https://linktr.ee/thejamgalaxy. For more about Jam
Galaxy, go to https://jamgalaxy.com/. For more about Tune.FM,
go to https://tune.fm/.
About Tune.FM
Tune.FM is a web3
decentralized music streaming platform with an
integrated music NFT marketplace, which enables artists to monetize
their fan base directly through streaming royalty micropayments and
digital music collectibles with exclusive unlockable experiences,
powered by the JAM token built on Hedera Hashgraph. The company was
cofounded by lifelong musicians and brothers Andrew Antar and Brian
Antar, who attended Brown
University and the University of
Pennsylvania, respectively. Andrew, a classically-trained
violinist, won concerto competitions, toured the world with several
orchestras, joined several bands, taught himself to code, founded
the first startup accelerator and incubator fund at Brown University, and built large enterprise
applications for clients like Bank of America, EY, and Comcast
where he was awarded a blockchain patent. Brian, also a classically
trained violinist, was the concertmaster for the Philadelphia Young
Artists Orchestra, produced music with local artists at Penn
Studios, earned his Master's degree in creative writing at
Penn, and ran a successful e-commerce
and 3PL fulfillment business generating millions in sales.
About Jam Galaxy
Jam Galaxy is not merely a platform;
it is a comprehensive ecosystem and DePIN protocol that leverages
cutting-edge AI, low latency audio streaming, and blockchain
technology to address the music industry's most pressing
challenges. It's solution offers unprecedented opportunities for
real-time collaboration across the globe, breaking down
geographical and economic barriers that have traditionally hindered
artist connectivity and creativity. By integrating advanced
AI-driven music tools with a blockchain-based monetization system,
Jam Galaxy redefines the creative process. Artists can now enjoy
seamless collaboration, enhanced by AI that augments and
streamlines music production. Simultaneously, their blockchain
framework ensures transparent and fair compensation, empowering
artists like never before. Developed by a team of visionary
entrepreneurs, a spin-off of SingularityNET, Jam Galaxy is a
melting pot for all music lovers—hobbyists, professionals, fans,
and industry insiders.
Media Contacts:
Tune.FM
Howard
Waterman
917-359-5505
hcwaterman@gmail.com
Jam Galaxy
Karel
Nemecek
+32472726318
karel@jamgalaxy.com
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SOURCE Tune.FM