Canto is a community platform based on the Defi system and your unique Decentralized Identity. The platform is jointly owned by creators, builders, and users. Here, the users decide what music to produce and how can it be produced.
Canto is a music world that belongs and only belongs to you.
Canto is a community platform that uses Token to stimulate audio content creation and
audio data sharing. The platform is jointly owned by creators, builders, and users, and is designed to disrupt centralized music intermediaries through DAO community governance, the use of Token, and decentralized technology.
Different from any audio NFT platform or audio sharing platform that are currently on the market, Canto’s advantage is its large user population and the utilization of blockchain technology, as one of the earliest web 3.0 communities in the music industry.
"The whole is other than the sum of the parts."
Kurt Koffka
According to the 2021 Global Music Report released by the International Phonographic Institute (IFPI), the global recorded music industry will generate total revenue of $21.6 billion in 2020. Among them, the revenue of digital streaming media has increased year by year, which has become the driving force for the growth of the overall recorded music […]
Canto will provide users with mobile terminal APP and PC web version Web 3.0application entrance, unlike the current Internet products, Canto will create DIDdecentralized identity (Decentralized IDentity), each user’s identity is not controlled by atrusted third party, but by the platform creator, individuals can manage their own identity.Identity-related data is anchored to the blockchain, and […]
It uses Token to encourage audio content creation, data sharing, and is oriented to the global post-00s. Through DAO independent community governance, it is jointly owned by creators, builders, and users. It aims to allow users who love music and use centralized music apps to easily enter the Metaverse.
In order to promote the match between "audio creation" and "creation income" to achieve incentive compatibility, users who create high-quality audio content will get corresponding DIO(Music Token) as a reward. The listeners will also be awarded for supporting the musicians as a part of the community.