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2023
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TVL
NFT is one of the hottest trends in the modern-day blockchain and crypto industry. Digital art pieces are stored in decentralized networks and they’re able to be exchanged between users. This new wave mainly affected visual content: thousands of pictures and videos are uploaded and traded in NFT marketplaces like OpenSea. The MeGaDev team believes NFTs of audio format are unfairly ignored by the trend. Nevertheless, its time is still to come. Audio entertainment industry involves music, podcasts, audiobooks, meditation and relaxation sounds and even more. However you won’t find too many successful audio NFT projects on trading platforms these days. The main reason is that there is no user-friendly app for trading, storing and listening to non-fungible audio content. At the same time the global entertainment industry is at the stage of overcoming the need for media label companies and their deals for artists. Nowadays media creators are trying to achieve success independently. And it is made possible - internet and online media services have opened up so many new opportunities to be seen and heard. One of such services is ListenUp by MeGaDev. It combines the best user experience of such apps as Spotify and Apple Music with the ability to trade and store favorite songs and other audio content in the form of non-fungible assets. On top of that, the revolutionary “Listen2Earn” model will really expand the limits of the NFT industry.
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