The NEWMusic Movement

We're building more than just a product; it's a music industry movement.

Disclaimer: This article may seem like humble brag (and it is a little, what can we say), but it’s also a detailed look at the chief cornerstones of our fair, music ecosystem. So, bear with us, because what we’re building will change how we look at music forever. 

Music is a powerful art and has been one of the most vital forms of self-expression dating back centuries. We’re creating a new asset class and making music a collector’s item again.

NEWM is a legacy project aimed at disrupting the current predatory financial structures of the music industry by seamlessly uniting the worlds of web3 and music in a whole new ecosystem/universe… The NEWMiverse – an all-in-one music streaming marketplace dedicated to artists and fans. 

Take a journey with us through the ‘5 Tenets’ that make up the NEWMiverse, and learn how you can be a part of this NEWMusic Movement.  

1. Own The Music

We are essentially creating a suite of tools for musicians to receive higher revenue and have more creative control over their art. How is this possible, you may ask? Through the fractionalization of Intellectual Property (IP) rights. This is a game changer in the current music industry model, and the Cardano Blockchain gives us the power to build this in a secure and legally-sound manner. With projectNEWM, artists have a way to generate upfront operational cash through selling or auctioning  portions of their music IP rights (as they see fit) to music lovers, collectors or investors. In this same vein, fans are given the opportunity to tap into a multibillion-dollar market that was unavailable before. The bottom line – everyone has an equal opportunity to support the future of an artist and benefit from their success. 

Our Minimum Viable Product (MVP), which will include the Artist Portal and the fractionalization of IP rights is launching soon! Subscribe to our newsletter in the footer to launch-date notifications.

2. Sell & Trade NFTs

Tenet two is where music meets Decentralized Finance (DeFi). The NEWMarketplace enables users to buy, sell, trade and auction music IP rights in the form of NFTs with secure and verifiable digital contracts. Consider this the ‘Exchange’ part of the NEWMiverse.

3. Collect Royalties

This part is pretty short, sweet and to the point. Our music ecosystem will include an automated process for royalty collection and distribution embedded in its foundational code. This ensures every music owner is fairly compensated according to their ownership percentages. 

4. Stream & Earn

Normally, a musician who isn’t signed to a label would have to pay a large fee to a third party to get their music onto the streaming platforms. With NEWM, this dilemma doesn’t exist. There is no longer a need to go to a separate platform to upload music and then yet another one to track metrics because the NEWMiverse includes a decentralized streaming platform. Decentralized music streaming generates higher and faster royalty payouts per stream for all music owners. We’re replacing the middlemen with code that’s not incentivized to act in favor of third parties that take a huge cut of streaming revenue.

5. Vote & Be A Part

Imagine a world where you can go to your community and request funds to produce something that could benefit everyone. It’s a powerful thing and would allow yet another income opportunity – e.g., artists looking for ‘startup’ capital for their next EP idea. Through DeFi and the creation of a Decentralized Autonomous Organization (DAO), the future of the NEWMiverse will not only be in the hands of the artists on the platform, but also the entire NEWM community, not a gatekeeper or company (including projectNEWM). 

About the Author

Jessica Jayakaran

With over 8 years of professional marketing experience (in-house & agency), Jessica, ‘the wordsmith’, brings a uniquely diverse skillset to the table as NEWM's Lead Content & Community Strategist. Beginning her career in the healthcare industry, she understands the vicissitudes of compliance and working with highly-regulated, yet uncharted territories of public communication. An educator at heart, she created and sold her own marketing consulting agency that supported minority-owned startups to work for the Spanish government as a Cultural and Language Ambassador in 2018. Since then, she still teaches and she still markets. She excels in simplifying complex concepts, making them easily digestible to the public. She believes ‘voice’ is everything when it comes to communication.

1 Comment

  1. Thanks to Rytr on March 25, 2023 at 9:54 am

    Hello to every body, it’s my first pay a visit of this webpage; this weblog consists of amazing
    and genuinely good material in favor of readers.

Leave a Comment





Stay informed

To get all our amazing stories and know more about Crypto, Music and projectNEWM overall, make sure you register for our NEWMag newsletter!

Read More Articles

8 Cardano Resources Every Crypto Newbie Needs to Know 

September 14, 2022

A one-stop shop for Cardano education, news and updates

Proof of Work and Proof of Stake – A Breakdown

June 18, 2022

Proof of Work (PoW) and Proof of Stake (PoS) are two different consensus methods used to verify transactions on a blockchain, but what do they mean and how do they work? Let’s get into it.

The Transformation of the Music Industry in the Digital Age

May 18, 2022

An inside look at how streaming has impacted the music industry, how the cash flows, and where artists land in the new equation.