Copyright holders and their role in the musical value chain.
As any stakeholder aiming for a long-term and sustainable music business, NIM recognizes that creative content is an asset that deserves…
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Verify on BlockchainAs any stakeholder aiming for a long-term and sustainable music business, NIM recognizes that creative content is an asset that deserves rightful and fair compensation. NIM’s tech platform, used as a White-labeled service in The Fair Music project (Co-funded by the EU) and Internet Music Fans (based in Delaware, USA), aims to secure conventional royalty earnings and generate additional revenue through yield generation.
Ref: www.fairmusic.io and www.internetmusic.io
Yield generation is similar to the interest accrued from savings in a bank. NIM Tech Platform introduces a similar model for musical compositions and recordings. Gaining yields atop the regular royalty income could be growing the pie/economy.
Here is how:
1. Standard Royalty Payments: You’ll receive your usual royalties as the copyrighted content (audio and video) is streamed). Thanks to NIM’s tech platform, allocating and distributing these royalties can be done faster and more accurately.
2. Yield Generation: In addition to the standard royalties, a portion of the platform’s transaction fees is directed into a yield pool. This fund is proportionally distributed to copyright holders (CMOs/publishers, music labels), depending on their popularity and user/fan engagement. This introduces an additional layer of revenue, complementing the traditional royalties, and offers the benefits of both pro-rata and user-centric models.
3. Staking for Enhanced Yield (optional): To boost the revenue potential further, NIM enables the staking of earnings. Staking copyrighted content commits the copyrights within the NIM ecosystem for a predetermined duration. In exchange, the copyright holders are rewarded with additional dividends reflective of the content’s collective growth.
4. Unmatched Transparency and Security: Leveraging secure and permissioned blockchain technology, you are guaranteed a safe, transparent, and immutable record of all transactions and relevant data about the copyrights. Our dashboard facilitates the monitoring of royalties, yield earnings, and the performance of the copyrights, giving you the control and overview necessary to make suitable decisions.
5. Getting Started: Register on our platform directly or through one of our partners, follow a guide on submitting the content, and start earning royalties and yields through an efficient and future-proof framework.
Our AI-supported team is ready to help navigate the platform and answer any questions.