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Glozal Plans to Launch World’s First NFT Music Player 

Music technology company Glozal plans to launch the world’s first NFT music player before the end of the year. 



The Florida-based company is set to launch its NFT music player, which will prevent music piracy and help musicians sell their creations digitally. The NFT player will also prevent tracks from being copied illegally. 



Glozal plans to launch this quarter with an entire ecosystem for musicians . Key to the company’s plans is the launch of its own NFT music player. The music player will only allow users to play tracks if they have the NFT to prove they own the legal copy of the track. 



The music tracks will be DRM encrypted, so users will not be able to play the NFT tracks on any other player. The move looks set to strengthen and enforce music ownership to better benefit artists



NFT Music player will protect artists work



The Glozal system will also offer a matching back-end where musicians can sell tracks and albums and assign the owners NFTs. The system is said to be similar to Apple’s offering, whereby users can only listen to music tracks purchased from Apple Music, on Apple products. The main difference here is the use of blockchain technology, allowing more usability for independent creators. 



CEO of Glozal, Tarek Kirschen, plans to launch the platform with two payment models being offered. One includes a 70/30 revenue split, with the other being a fixed monthly charge of $99.95. 



Kirschen commented, “My executive team is ex-Sony music, music producers, engineers and artists.” He said Glozal had signed “one of the big Latin artists” who would release an album through Glozal as proof of concept.



Kirschen believes one of the major benefits for artists will be the fast and direct payment from users, as opposed to waiting months to be paid directly by record labels. “We’re using a smart contract. When the artist uploads his song or album, he will put in what he has to pay out to each participant. This is real time payment through a crypto wallet. You don’t have to wait for six or nine months to get paid by a label. This is a direct payout, in real time,” he stated. 
The post Glozal Plans to Launch World’s First NFT Music Player  appeared first on BeInCrypto .

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