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Contracts int the music industry vary in details and Muzikie should be able to support a wide range of potential terms and conditions.
At the most basic terms, the royalty rights are distributed based on a predefined percentage distribution. But popularly, some artists have contracts with record labels that incorporate a recuperation value. In this case, the artist should pay back an invested value before receiving profit shares.
In some cases, the profit distribution varies based on time or recuperation state. For example, artists might receive n% before the recuperation is accomplished, and m% afterwards. This value could be different for each artist contributing in a music.
We should discover a wide range of possibility and curate the audio NFTs for such contracts.
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Contracts int the music industry vary in details and Muzikie should be able to support a wide range of potential terms and conditions.
At the most basic terms, the royalty rights are distributed based on a predefined percentage distribution. But popularly, some artists have contracts with record labels that incorporate a recuperation value. In this case, the artist should pay back an invested value before receiving profit shares.
In some cases, the profit distribution varies based on time or recuperation state. For example, artists might receive n% before the recuperation is accomplished, and m% afterwards. This value could be different for each artist contributing in a music.
We should discover a wide range of possibility and curate the audio NFTs for such contracts.
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