NEWMPrice

(NEWM)

NEWM is a Web3 music ecosystem built on the Cardano blockchain, dedicated to revolutionizing the industry by prioritizing musicians and fans. It empowers artists to distribute and monetize their work while fully retaining ownership. By removing intermediaries and ensuring equitable revenue distribution, NEWM tackles systemic issues within the traditional music sector, fostering a fairer and more artist-centric model.

The $NEWM token serves as both a utility and governance asset within the NEWM ecosystem. It grants holders the ability to influence the project's future direction via governance mechanisms. Furthermore, it facilitates various transactions and in-app functionalities, provides staking opportunities, and offers protocol incentives. Significantly, all royalties distributed across the platform are denominated and paid out in $NEWM tokens.

NEWM is proudly built on the Cardano blockchain. This choice was made due to Cardano's commitment to an eco-friendly operating model, robust native asset token capabilities, enhanced security features, and its provision of smaller transaction fees, which collectively support NEWM's mission for a sustainable and efficient music platform.

NEWM provides a comprehensive suite of tools for artists, enabling them to upload, mint, distribute, stream, sell, trade their music, and manage ticket sales. Crucially, artists maintain 100% ownership and control over their intellectual property (IP) and streaming royalties, as NEWM takes no cut. The platform further empowers artists by facilitating the fractionalization of music rights through NFTs, allowing them to trade these digital assets and gain unprecedented control over their creative output and revenue streams.

On NEWM, artists are entitled to 100% of their streaming royalties and retain full ownership of their intellectual property. Royalties are transparently paid out in $NEWM tokens, offering artists the flexibility to claim them as frequently as they accumulate within their account. While external streaming platforms usually take approximately 90 days for payouts to reach the NEWM Studio, the platform ensures artists receive their full, untaxed share directly.

The NEWM token is available for trading on a selection of reputable centralized and decentralized crypto exchanges. Users interested in acquiring or exchanging $NEWM can find it on platforms that support its trading pairs, providing accessibility across various market environments. Specific exchange listings can typically be found through official NEWM channels or reliable crypto market data aggregators.