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Music Infinity (Token: MIT) is an NFT music platform developed by Element.Black. Under the Element.Black ecosystem, Music Infinity strives to provide a free, prosperous, and open Web 3.0 pan-entertainment music ecosystem. Through the three key features: Music Box, Music NFT system, and Music Plaza, Music Infinity provides music streaming, downloading, purchasing, distributing, NFTminting, trading, social, and mining experiences for ecosystem users.
While maximizing revenues for musicians and creating a fan economy model, Music Infinity introduces a brand-new music experience to all ecosystem users through its Create-to-Earn and Listen-to-Earn models. Among them, Music Box, the NFT music player, is at the core of the Listen-to-Earn mechanism, with different types of Music Boxes representing different music genres, rarity, mining power and other music rights. Users can use MIT to upgrade their Music box to gain higher mining powers. Meanwhile, each Music Box itself is also an NFT. Collectors can trade their Music Box in exchange for mainstream cryptocurrencies like ETH. The rarer the Music Box is, the more value and morepotential in trading price it has.
Music Infinity uses token MIT as the universal equivalent within the ecosystem, enabling the digital transformation of Web 2.0 music industry, therefore attractingmore music lovers to the Web 3.0 music Metaverse. Meanwhile, MIT is also the only medium for Music Box (token miner), to realize the benign governance of the Music Infinity ecosystem.
MIT can be used in all application scenarios in Music Infinity with a well-designed token mining and incentive system, allowing users to enjoy music and use/upgrade Music Box (token miners) to mine and participate in Create-to-Earn and Listen-to-Earn to earn, thus transforming the entire Web 3.0 NFT pan-entertainment music industry into a value cycle that contains music NFT application scenarios, social interactions, value creations, assets circulations, and rewarding returns.
Each time the token MIT is involved in an activity within Music Infinity, the platformwill retain a certain percentage of the total transaction amount as platformfees, andwill later release this part of the tokens again to incentivize and reward participantswho play key roles in building the ecosystem
