Emanate - Self-governing Audio Exchange Protocol
Emanate is building an Audio Exchange Protocol designed to evolve the music industry into the blockchain era, allowing artists to be paid in real-time, to collaborate globally without the need of trust. This could bring much needed efficiency and transparency to the music industry. Emanate plans to create a self governing decentralised organisation that will align the incentives of all the music industry participants.
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Emanate is an audio exchange protocol designed to enable producers, distributors and influencers in the music industry ecosystem to connect via blockchain based smart-contracts. The MN8 token is the cryptographic asset that will be sold in the early stages of the Emanate maturation journey. The tokens should be bought by those who wish to claim a position in the Emanate ecosystem because they believe in a decentralised future for the music industry.
If the Internet were designed today it would look more like a distributed blockchain network than a centralised server based system. Similarly in the music industry today, the road to monetising music can be highly centralised. Neither serves the contemporary 21st century music technology needs or the needs of the audiences.Many problems exist for artists, remixers, DJs and labels; the payment lag for creative works, the contractual complexities associated with collaborations, difficulty licensing small bits of audio and the current music industry financial processes. These, and the legacy structures that exist impede progress and integration with today’s technological advancements.
With Emanate, artists, DJs and music influencers may find a way to share more output with each other and their fans, earning income proportionate to their contribution, whilst increasing their influence and notoriety. Emanate could help listeners and fans discover new music, connecting them to artists in previously unimaginable ways, enabling them to contribute directly to their favourite artist’s success.
We recognise the music ecosystem consists of more than just artists and listeners. Behind the success of many great tracks are samplers and audio pack makers; tastemakers and influencers; labels and promoters. We believe it’s critical that all contributors are rewarded fairly, whilst also providing incentives for audiences and supporters.