Blockchain
TuneGO® to Launch Revolutionary NFT Marketplace on Flow Blockchain in Collaboration with Dapper Labs
TuneGO®, Inc. has chosen Flow to launch TuneGONFT™ (www.TuneGONFT.com), a next-generation non-fungible token (NFT) Marketplace for the creative community, powered by the patented TuneGO Vault™.
The first-of-its-kind solution enables artists to secure their content, protect their creative rights, mint NFTs, distribute their music to streaming platforms, monetize their music on social media, and license their content for TV, films, and video games—all on one unified platform.
“We are passionately committed to the creative community. The patented TuneGO Vault is the world’s most robust platform for content security and creative rights protection,” said John Kohl, Co-Founder and CEO of TuneGO. “The Flow blockchain is the world’s premier blockchain for NFTs. We believe no one can match our platform’s seamless integration across the full supply chain of music, art, and entertainment.”
TuneGONFT, accessible on mobile devices and desktops at www.TuneGONFT.com, is built on the Flow blockchain and has been fully integrated with the patented TuneGO Vault. The enhanced TuneGO Vault for NFTs, launched earlier this year, creates a permanent digital record of the entire creative process prior to the minting of an NFT, ensuring the highest achievable level of creative rights transparency and protection against copycats and piracy, as well as increasing the NFT’s value for collectors.
Using TuneGONFT, NFT buyers and collectors can gain secure, private access to the patented TuneGO Vault after buying an NFT, where they can view the original creative rights, as well as access, view, and download all of the digital files included on the NFT.
“The combination of the patented TuneGO Vault with the Flow blockchain offers both NFT creators and collectors a simplified, seamless platform for the transfer of NFT ownership rights,” said Alison Ball, President of TuneGO. “The entire NFT transaction history is secured on-chain with Flow and off-chain with TuneGO, which creates the world’s most transparent and secure platform for managing NFT creator and collector rights. We are incredibly proud to be transforming the music industry and the creative universe for the better in this way.”
One of the revolutionary and groundbreaking features of TuneGONFT is creator splits, which track the revenue splits of the NFT sales, plus the master recording and publishing splits of the music associated with the NFTs. TuneGONFT provides music artists and the creative community with the ultimate solution for managing song splits, plus NFT revenue splits—ensuring maximum transparency for revenue and royalty collection, plus fair and equitable payments to the creative community.
“Blockchain is reshaping how people use and interact with our digital world,” said Mickey Maher, Head of Flow Partnerships, Dapper Labs. “Our partnership with TuneGO helps empower the creative community to harness blockchain to transform how they and their audiences create and consume content—while protecting what they own and market.”
Additional TuneGONFT features include:
- Creative Rights Ownership Consensus: The average hit song today has 4+ songwriters and 6 publishers—and therefore, there are at least 10 creative rights owners for each individual song. The patented TuneGO Vault requires all copyright owners, songwriters, and publishers to review and approve the creative rights prior to the minting of the NFT, ensuring creative rights protection for artists that prevents royalty disputes going forward.
- Environmentally Safe & Energy Efficient Technology: Flow is a proof-of-stake blockchain that consumes thousands of times less energy than Ethereum and other traditional proof-of-work blockchains. This makes TuneGONFT one of the most advanced and environmentally friendly technology solutions for content security, creative rights protection, and equitable royalty collection.
- An End-to-End Ecosystem for Creating & Distributing Content: All TuneGO users, even those who do not utilize NFTs, can secure their content and protect their creative rights in the patented TuneGO Vault; distribute music to major streaming platforms (such as Spotify, Apple, and Amazon); monetize music and artwork on social media platforms (such as TikTok, YouTube, Instagram, and Facebook); and license music and artwork for feature films, TV projects, and video games—all on one unified platform.
The first scheduled release on TuneGONFT will be the inaugural NFT drop from Method Man’s Tical World™, as previously announced in Rolling Stone and covered by Bitcoin.com. TuneGO is also working with Hidden Beach Recordings on a robust, long-term NFT initiative based on music and other culturally relevant and historic content. Numerous additional NFT announcements from A-List celebrity artists, record labels, and music libraries are also forthcoming.
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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