Potentiam Music Social Network powered by Blockchain Technology
Introduction Video. Potentiam is a decentralised and incentivised music social network for those involved in the creation, promotion, and consumption of music.
The music industry is worth Billions of dollars and currently, intermediaries take up to 70% of the takings. Music creatives often find themselves ignored by Media conglomerates, lacking that exposure and funding to help propel the avenue to gain them recognition for their art.
The music industry is in need of a system that provides clarity for the contributors and offers an honest platform to interact with the artists and fans. We are introducing Potentiam powered by blockchain technology created for the industry to give a voice to music artists, writers, influencers, and the fans.
Potentiam is a revolutionary platform that connects these people in such a way to help one another gain exposure needed to give everyone a chance within the industry.
Using smart contracts and PTM tokens it provides a decentralised and trustless network for monetary rewards via advertising, marketing, promotion and crowdfunding without the need for middlemen. This means the writers, fans, and creators will receive appreciation for their hard work and be rewarded for it. It is a chance to be more accessible to the people who make the music and to create a more tangible relationship within a community with like-minded folk. This means music creatives will be able to promote their work and share it while gaining adequate feedback.
The opportunity to promote musicians and expand the target audience through the project’s own network without the necessary costs record companies take from artists to produce and promote their music. A system where the music artist can put faith in those they can truly trust.
A ranking system based on the contributor’s interests, experience, writing style with monetary rewards in the form of PTM tokens. This will increase within the community via the amount of work put in, and how others react to it. This will enable much-needed appreciation and recognition for the contributors.