Corite allows fans to share their streaming revenue by investing in the music they love. Also, developers are engaged in the release and sale of NFT objects.
About the Corite project
Corite (CO) — a Swedish music and technology startup, founded in 2018, that has its own distinct approach to funding artists. It works by allowing fans to invest in music and share the profits from streaming, becoming an integral and active part of the journey from product creation to implementation. In January 2022, Corite CO successfully completed a $6.2 million private token sale round to launch an upcoming blockchain platform.
Site features:
| 1. | Invite your fans to get support for your next release. |
| 2. | Use the money, raised to promote your music and attract fans. |
| 3. | Get free distribution and share the income with your fans. |
Corite works alongside a number of prominent music industry professionals such as L.A. Reid and Charles Goldstack, founders of Hitco Entertainment, legendary producers Rico Love (Beyonce, Usher) and Konstantin Kersting (Dance Monkey, 4000 studios) and others. Corite recently made a deal with Alan Walker to release some tracks and help to bring "Walkerverse" to Web3.
NFT collection
The Corite CO Origin collection includes up to 9,999 NFTs, minted by the original Corite backers. They not only represent a unique support token, but they also provide an opportunity to burn them for a random number of Corite CO tokens. Each CO Origin is free, but you need to pay the so-called gas fees, using BNB. A maximum of 3,333 NFTs can be minted per day. Each Corite user and wallet can receive one NFT per day. If all available tokens are not minted in one day, they remain in the pool.
Beyond NFT, you can release your music with Corite, get funding and share your success with your fans. If you like a song, you can support the artist to make it a hit.