Discover
What is Web 3?
Web3 is a new internet, one with no gatekeepers, intermediaries, or big companies who keep all the value for themselves
But that's not all…
Blockchains are free and open. A place where you can not get blocked or shut down. A place where YOU own your own assets, content, community and data and earn value from the value you bring (not Meta or Google!)
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Benefits of Blockchain for Artists
Artists can sell their work directly to fans without intermediaries or algorithms, retaining a larger share of the profits, as well as creative freedom, encouraging new forms of artistic expression where any digital asset (music, photo, video etc) can be owned just like a physical item
Because blockchain assets (we call them digital collectibles or NFTs) can be owned and have a limited supply, fans become true collectors and investors in the artists they love
So if an artist breaks out, their fans and supporters will benefit too from owning limited edition digital items that can be traded just like their physical counterparts
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Out of the (Music) Box Comp
The Web3 Music Awards
All participants will earn $FANS tokens which represent digital ownership of Loop Fans and the W3MAs. These tokens will later be able to be used for voting, purchases, memberships to exclusive groups and events, and even be traded or sold
In this competition, Artists compete against each other based on their Music Genre and their followers numbers
Voting starts on June 11th and artists will be presented to multiple fanbases across fellow artists, unlocking their music discovery and the potential to release (and sell out) Digital Collectible Albums
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NFTs or Digital Collectibles are digital assets that artists can create to sell their music, videos, merchandise, tickets, art or anything else directly to their fans, who then OWN that limited edition asset the same as if it were physical
Digital Collectibles can be used to identify true fans and early fans through a digital footprint created by blockchain transactions which are permanently recorded. This allows artists to identify and reward true fans in new and exciting ways
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Loop $FANS Tokens
The Loop $FANS token represent participation in and ownership of the Loop community platform
All participants in the Loop platform and Web3 Music Awards will earn tokens through their activity, meaning the more value you bring to the community, the more true value you will actually receive (not just likes and comments!)
FANS tokens will allow you to make purchases, vote on important decisions, join exclusive groups and events, and can even be sold and traded on cryptocurrency exchanges
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Ready. Steady. Go!
