Music NFT platform Sound.xyz introduces new function \”Navigation Panel\”

It is reported that the music NFT platform Sound.xyz announced the new function of \”Navigation Panel\” on social media. Users can find the content to be released and join the listening list. At the same time, they can also navigate to the favorite and like content, create a new playlist with one click and listen to it. Sound.xyzl provides a license-free underlying blockchain. Artists can freely deploy their own smart contracts. The corresponding smart contracts are owned by artists and cannot be upgraded. They can also charge 5% of the main sales fees.

Interpretation of this information:

The message reveals that Sound.xyz, a music NFT platform, has announced a new feature called the “Navigation Panel.” This feature allows users to easily find upcoming content and join the listening list, indicating the company’s focus on enhancing the user experience. Users can also navigate through their favorite and liked content, create a new playlist easily and listen to it all in one click.

Moreover, Sound.xyz has built their platform by using a blockchain technology which is license-free, indicating the company’s commitment to providing a sustainable and decentralized environment for artists and users alike. This blockchain technology supports smart contracts that can be freely deployed by artists. These smart contracts provide an immutable database that ensures the uniqueness of each NFT, hence effectively curbing piracy. With this technology, artists can have total control over their intellectual property and enforce copyright protection, thereby protecting their work.

Furthermore, the message points out that artists can charge a 5% sales fee which implies that artists can earn income on their NFT sales through the Sound.xyz platform. This approach offers a sustainable ecosystem where both the music creators and the Sound.xyz platform can benefit from each other.

In conclusion, the message offers a glimpse into the value that Sound.xyz provides to both its users and artists. The company has focused on creating an innovative platform that provides an intuitive and user-friendly interface for users. Simultaneously, Sound.xyz has established a sustainable and decentralized ecosystem that offers artists control and protection over their intellectual property rights while earning revenue through the platform’s 5% sales fee cut. Overall, the “Navigation Panel” feature combined with a license-free underlying blockchain adds to the appeal of the platform, enabling artists to reach their fans more efficiently and creating a better experience for all.