Music tokenization - how it will change the music industry and why you should care?

With the start of 2021 seeing a massive surge of mainstream media attention towards NFTs, the plateau we see currently is inevitable but at the same time it is welcome on the basis the market can now develop past the hype, in what is after all the music industries first commercially successful interaction with blockchain technology.

This leads us towards other aspects of blockchain tech like tokenization and what it can do for the creative industries and more specifically, the music industry, who’s model towards artists has badly needed an update for some time now.

Utopia Genesis Foundation is currently…

After careful planning and hard work, we are proud to announce the launch of our next product — Genesis Yield, a staking/farming platform for our own $UOP token. Therefore before it goes live (23rd June)we would love to introduce you to it in the easiest way so you can join the party as fast as possible.

What is Genesis Yield?

Genesis Yield is a next generation blockchain product that allows you to gain the highest possible APY on your $UOP. …

A short guide in the endless field of non-fungible tokens, how to avoid myths, bad opinions and haters.

NFTs — what are they?

NFTs — everybody has heard about them, read an article, but still not entirely clear on what they are. NFTs have even been defined in the Dictionary.

The simplest explanation of an NFT, is a rare digital asset who’s scarcity is confirmed via a smart contract on the blockchain and whose value is represented by a cryptocurrency.

The NFT as a digital asset might be a graphic image, section of video, ticket for a show, full song/album…

What does it mean to own a song? Does it simply enable you to collect royalties, or does it also grant you the right to protect and preserve your creative legacy? These are questions that have gained prominence in light of sampling and remixes.

Ever since the inception of remix culture in Jamaican reggae music of the 1960s, through to the explosion of sampling in US hip-hop during the 1980s and its continued popularity in pop music today, samples have operated in a legal grey zone. This has led to a number of lengthy and acrimonious legal battles over copyright and royalties.

One of the most famous cases occurred when lawyers representing Queen and David Bowie sued the rapper Vanilla Ice for copying the bass line of their 1981 collaboration Under Pressure. …

Hi Utopians, here at Utopia Genesis Foundation we are warming up for our next catalyst sale which will take place in a few weeks from now!

As you may already know, we’re working hard in order to revolutionize the music industry by empowering decentralized ownership of music rights, bringing up transparency, and open collaboration.

In the past few weeks, our unstoppable team launched several products that will help the Foundation to reshape the way the music industry works.

Genesis Pool, Reach, Genesis Arts, and Token Farming are the first products that will help us to change the game.

The UOP…

After significant research and planning, we are at the final stages of realizing our latest product, Genesis Pool.

Welcoming across the board genres, catalogs, and artists of various size and profile, Genesis Pool aims to provide funding via our own cryptocurrency, the UOP, for new music projects whereby the content/asset owners can use their back-catalog/future royalties as collateral whilst retaining their copyright.

Funding for the future music projects will be to the value of 500,000USD in our own cryptocurrency, the $UOP token.

Together with our partners, Genesis Pool will be tokenized, meaning artists, labels, songwriters, and catalog owners will…

How much does it cost to record a hit record in 2019? You might be surprised to find out that the answer is not much. Take Grammy-winning music producer Oak Felder, who helped create a string of recent hits by artists such as Nicki Minaj, Alessia Cara and Demi Lovato.

The equipment used on some of these tracks consists of a consumer-grade Apple laptop ($1499), an external sound card ($650), music recording software ($199), and a few software plugins ($600) — a combined cost of less than $3,000.

Of course, the claim that “anyone” can record a hit song neglects to mention a crucial fact: not everyone has the talent or technical skills required. But for those who do, the financial barriers to becoming a music producer are lower than ever before. In terms of production at least, the music business has become close to a meritocracy as more and…

At 54 years of age, Willie Wisely has just released his eighth studio album and is on tour again. For Willie, success didn’t happen overnight, or through a YouTube discovery. Instead, he’s kept on a long journey of upskilling while balancing his act with music creation and performing.

Fortunately, living in Los Angeles, the epicenter of the music business, has given him an advantage: he was an early adopter of new music technology, including digital distribution. So how did it start for this Minneapolis native, who at the age of 15 just wanted to “get on stage and rock out”?

As a teenager, Willie worshipped Paul McCartney. Even now, several other musical influences later, McCartney remains his North Star. In his mind, in order to be a proper musician he needed to write his own songs, just like The Beatles (and so many others) did. …

What is the one thing that musicians and songwriters need to do to ensure they are being paid for their work?

It is every musician and songwriter’s dream: rolling in royalty payments, signing endless sponsorships, recording theme songs for the next blockbuster and booking sold-out tours. Of course, this kind of success has always been the preserve of the privileged few. The digitization of music led to a massive decline in record sales, with industry revenues falling from USD 14.6 bn in 1999 to USD 6.3 bn in 2009 in the US.

In the process, many of the cultural touchstones of the music industry became extinct. The Tower Records chain died off, a beloved hangout among music devotees and musicians alike…

What does true success mean in music? Awards? Gold records? Platinum? Longevity? Impact? Fame? Relevance?

There are many different interpretations, but the general consensus seems to be popularity and sustained sales over time. So while a one-hit wonder might get rich from their glory days, the true aristocracy are the musicians with decades of success and a star-studded list of collaborators. They are the names everyone knows — Paul McCartney. Mick Jagger. Weird Al.

Weird Al?

That might not be a name that everyone expects, since he’s a comedian and a parodist. Some might say he’s just one step away from a tribute artist[1] , but his track record says otherwise, to say the least. 12 million…

Utopia Genesis Foundation

We believe in unlocking the music industry’s full potential by unifying it all in one holistic space. We call it Utopia — Where music lives.

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