Blockchain Zilliqa (ZIL) has partnered with NFT’s music platform, Token || Traxx in an effort to pioneer the economic growth of music makers.
The collaboration also brings in $ 1.1 million in capital to support Zilliqa's efforts to capitalize on the benefits of blockchain and non-fungible token (NFT) technology to encourage artist presence and attract music fans.
Token || Traxx also offers guarantees such as:
The evolution of royalty payments
Ownership and playlists
The elements are available on Spotify and Apple Music but are more interesting with the use of distributed technology.
For the record, Token || Traxx is led by TommyD and former Warner Music chairman Miles Leonard.
This is not the first time Zilliqa has collaborated with another party.
Prior to this, Zilliqa also collaborated with Mintable, Unicutes, and the play-to-earn platform platform, DeMons.
At the time of writing, ZIL is trading at $ 0.0896, up nearly 1% in 24 hours.
