Hello, hello everybody, good afternoon. We have a space today with verse, verse audio. Are you here with us? Hey, what excited you doing?
I'm doing well today. I'm doing well today. I finally so I'm just basically a long time we had to reschedule a couple times but we're all here now. Please guys help us spread the word about this. Let me actually pin it up.
We also have a giveaway today. So yeah, that being said, we already have a bunch of people here. I said let's jump into it. Before we get to know two diverse and to the project itself, would you like to tell us a little bit about your background, maybe how you got into crypto and how you ended up working on the project you were
Yeah, no problem. Perfect. Well, first off, appreciate having me here today. Taintro myself. My name is Zen Zayud. I have a predominantly extensive background in music and entertainment. So a little bit of history. I started in the industry back in
2009 mainly running concert halls nightclubs and also small festivals anywhere from five to seven thousand people and over the years I ended up opening up my own venues and then eventually ended up selling off my entire entertainment
company in early 2022, so beginning of last year. And then also during that time frame, I launched a couple of mobile apps, high traffic websites, one of them that I was able to actually sell off in 2016. We were able to grow that to about 500,000 views a month.
And on to the crypto end, I got into crypto about four years ago, maybe about three and a half. And of course, it was kind of how everybody gets into the industry, flipping shitcoins and try to make a buck here and there on trading. And then I really, as I got deeper into the Web 3
communities and networks and built some real friendships. I started to learn from a lot of my deeply technical friends of running node networks. So I got into running IPFS nodes and then I was one of the early saline validators with a couple of buddies.
And from there, you know, I just I grew within the industry and eventually, you know, after being able to successfully exit my entertainment company last year, the background of understanding the the true underlying technology of like decentralized storage and validating transactions. I tried to combine every
anything and put into one package which ended up becoming verse. And what verse is, is we're a music streaming platform addressing the inadequate pays that musicians have in the industry and then on a global scale. Musicians get taken advantage of. So what verse is doing is we're building a streaming
model where we go 50/50 on all ad revenue generated and we pay out directly to musicians. We give them the tools on the platform also to create collectible tracks. So music NFTs where we don't charge a fee at all up front. They can create it on the back end where it's a super simple streamline process with no knowledge of
Again blockchain NFTs anything where they can create a collectible track We lazy meant it and sell it to their fans and then we also have our decentralized storage network So we're launching the ability to purchase licenses to run our streaming nodes and if you're not familiar with a
how nodes operate, we're creating our own private IPFS node network. For us to be able to have fans store music tracks instead of us storing it on AWS or Google Cloud or Cloud Flare. So now the fans get to be a part of the ecosystem and in turn we
pay them out in our token and they earn a 3% transaction fee forever on all NFT sales. So we created a model where it's like finally musicians get paid fairly for their work. We as a music platform actually have a profitable means to have longevity and then we're the only platform out there that
if fans can actually prosper in the music ecosystem. So the more musicians and more users, the better early note operators actually do. And that's pretty much my background and verse in a quick little nutshell. - Well, that was actually really interesting. I'm not gonna lie.
Can you tell me a little bit like why do you think music and crypto is sort of a combination that makes sense? Somebody would say, you know, we already have this music platforms and people who want to listen to music, they just want it simple, they just want to app on their phone, they tap the music, the song place, why do we need to introduce blockchain?
to this industry. Yes, a great question. So it comes down to actually at its core the musicians, their pay. A lot of musicians are very upset with just how the music industry is established. No matter to give you a high
level with major labels, all these musicians that go on and get on Spotify and Apple Music. Yes, it's very convenient for your everyday listener because you have one app and you can just listen to pretty much every single music track there is in the world, right? But at the end result, those musicians that are creating that music,
You get a million plays on Spotify. Well, guess what? You get paid out about $3,000. So you go platinum. You get paid three grand by time you pay out your management, your producers, collabs, your ghost rider, whoever it is. You actually walk away with like 1,500 to 2 grand, which is very poor pay for the actual revenue that's generated.
So why blockchain? It's because it gives now musicians the ability to cut out all middlemen and they can go directly to their fans at its core. There's no need for a superpower, you know, company such as Spotify or Apple to basically dictate how well
a musician can do. Now with thanks to blockchain tech, specifically, you know, NFTs, they're able to now sell their music tracks or access to, you know, their communities, websites, merch drops, events, they can cut everybody out and go directly to them. The problem is currently is that there's nobody that's making it a
So it's more about the musician's connection to their fanbase. And so you understand there's about 1819 million worldwide independent musicians that are just on Spotify and Apple. So think of how many others that have not been able to get their music on have no
So no understanding of how to get their music on through a distribution channel. And that's where we hopefully come in. But yeah, so it really comes down to the ability for musicians to make more money. And the way we're designing verse is to make it super simple. It's a web to experience.
you can literally go on our platform right now, you sign up as a fan and you create an account with a Gmail or Facebook. Like there is no connecting wallets, we automatically generate you a non custodial wallet, you create a profile and you're right on verse. It's one of the most web, it's web too friendly, but with running on web through
rails. So yeah, that's kind of our take is that it's a technology is needed for musicians to be able to monetize better. There's still plenty of other options out there. You know, nobody's ever going to beat Spotify or Apple. These are multi-billion dollar companies. Apple has, you know, billion dollars in the bank.
just waiting for anything they want to do. So nobody's beating them. But we look to be the industry leader in the Web 3 space. There's only about two real competitors in our eyes and it leaves open a wide market for your everyday musician to, you know, not only prosper financially but to
also create that deeper connection to their fanbase, that they can't do on Spotify or Apple. And that's where we come in. It definitely makes a lot of sense. And you know a lot of these Web 3 products that are supposed to be consumer facing unless they really solve the onboarding problem, they really do not make sense.
So it's nice to see that you guys kind of went around and could you dive deeper into how you sort of work it all out with being blockchain, but then still having this web to user experience, right? You say you make a story of Wallace. Also, if you could tell us what blockchain you use for that and why?
So our first approach to again the onboarding which is the major issue in every Web 3 product right now is just making it consumer friendly. Like at the end of the day, again I have experienced them launching two mobile apps and a high traffic website. We've always seen that
your end user like at its core doesn't care about the technology. They want to use a product that they enjoy, makes their life better, that they connect to a people or something that they can actually utilize. So we took that approach with verse. And to get your everyday person on, we had a custom or sign up process to whatever
already used to. You sign up on Instagram with a Gmail. You create a Spotify account with a Gmail. You created your subscriptions, even like, "You can connect to your Netflix or anything else, sometimes with a Gmail or Twitter," whatever it may be. So we took that mentality of making it where your everyday person doesn't think they're in crypto.
And we are currently we're multi-chain so we got the advantage of being able to use the ERC so Ethereum contract ERC 4337 as our signup account abstraction. So now with a crazy stack that we were able to come up with it took us about two and a half months to develop
We were able to create where, again, you sign up with your Gmail. We automatically generate you a non-custodial wallet. You don't need a seed phrase. It's attached via two-factor authentication to your Gmail. And we automatically provide you with your wallet address. Everything is super secure.
within our smart contracts, we're about to start our smart contract audit. But that's how we took that approach, utilizing basically Ethereum's network to create the account abstraction for easy onboarding. When we launch our music minting, we'll go back to adding in our roots. We originally were building out on your
So we'll give users an option to use your Mint via Mantle, which is an L2 on Ethereum, or we'll have them option to Mint via Nier, just depending on the user or which chain they want to sell on. That's basically up to the musician at that point.
Yeah, so currently for the the sign up process will be on mantle, which is a new layer to in testnet launching of course on top of Ethereum or for the the minting process will integrate also with near protocol. So we're giving them both options.
And how does it play out for the end user because as I understand the idea is the end user doesn't even know the interact with blockchain. So how does this multi chain mechanic work out on their end? Yeah, that's great question. So the way we're doing this is to integrate a third part
We've already been talking with between MoonPay and NFT Pay and a couple others where they handle all the blockchain on the back end of either their API. As your normal consumer, everyday person, they're not going to be paying in credit.
of course, right? They're going to go ahead and ask, okay, where do I put my credit card information in? And you'll literally be able to buy a collectible track via credit card or debit card. For the more or web three-friendly or experienced user,
You'll still have a wallet address that you can send in your money, whether it's from your current wallet, off of Nier or a Metamass or one of your exchanges, you can send your financials in, you're token in, and then you can buy also directly from that musician. So we're giving
both options, but for your everyday person, we expect they're going to more than likely purchase via a credit card. And that's a third party provider that's going to do that for us. Can you talk a little bit about your model? Is it more about like a
and you listen or you mentioned there is like an option to purchase the Stacks as collectibles so then only people who purchase can listen to them or everybody can listen and then you can like own it and I guess see if it like appreciates or what are the mechanics behind the verse
Yeah, so our business model whether there's there's honestly there's multiple models in it. So we're a free service The way we're looking at the music streaming is we provide music streaming for free So your everyday person can come on discover new musicians find new music and also find you know
collectible tracks off the free streaming. So what we'll do is we'll be implementing ads. We'll use the third party provider for ads and we'll place ads after every four tracks that are played, you know, 20, 30 seconds and that's kind of the core business model. You know, our idea is down the road when we get
to hopefully a quarter million users and we start to implement a subscription model and it'll be $5 a month if you want to subscribe for that to get rid of any ads on our platform. But at its base we are making sure the platform is free to use and then you just get hit with ads every few. Just like a free service from Spot
you to Apple. Well, actually Apple doesn't have ads because you're paying you have to pay for a script subscription. But yeah, that's our base model. For the collectible tracks, you would have to purchase those. Those are exclusive tracks up to the musician and they always have utility. So we're
or early discussions with a lot of musicians on whether you buy, say, their collectible track and you get into their album release parties or you get into any of their tour dates wherever they're located or you get gated access to their discord or telegram communities, merch drops. We even have some of the bigger DJs we've
He talked to like Robbie Rivera and he's talked about possibly hopping on and doing like a collab where everybody hops on zoom and they'll make a track with his fans. So there's a lot of different possibilities. You just got to get creative, but we're making sure again those those NFTs actually have utility and usage.
But those of course you have to purchase and then our node network also of course those you have to be purchased the license to operate. And the model with that is again we're having the fans host the data but in turn they get to earn or token every day that they can use
on our platform to purchase, you know, again, music NFTs, ad free subscription, when that rolls out, tickets to music festivals, merch drops, or if they would like, they can go sell that token, you know, on a secondary exchange, it's up to them. And from the tickets with music festivals, again, I have a very
extensive background in the industry. I do at least from the US side. We do get about 15, 20 free tickets from a lot of the major festivals, EDC, ultra rivalry, sunset, and three points. And we were going to look to put those as partnerships.
with them and have fans be able to redeem it with our tokens. So they even get to go to music festivals for free. Of course, it's first come first serve on those allocations. But yeah, that's overall our business model is ads implemented in our platform. So we pay those, you know, fairly 50/50 directly
the musicians when the industry standards so you understand is about 12%. We give them the ability to sell their collectible tracks which of course they charge for and we take a 10% fee and then our other model is the node network where we do charge for the ability to earn our token data
But also you earn 3% transaction on all collectible tracks ever sold. So imagine we get to 10, 15, 20,000 musicians on our platform selling to their fan base globally. It scales kind of crazy. So that's our entire business model reverse.
Like a web-to-user perspective, it would still be like a music streaming platform, but with this added component of collectible NFTs and like different special things around them.
How could you say that one more time? I'm saying like essentially from a web to user, right? It would be a music streaming platform with some subscriptions with advertising. So as you mentioned, like similar to Apple music or similar to Spotify.
But with this like additional functionality of I guess for musicians to create like a tighter community to release their collectibles to for users to buy those collectibles and like have some special events with musicians, right?
Yeah, so from exactly from your web to end, it will feel like a music streaming platform, but where you have access to exclusive music. We did also build into a social aspect of it where you can comment on tracks. You can like tracks, you can share tracks to your friends, you as a fan will be able
to build your own playlists and you can build followers on your playlists. So you yourself can also become an influencer for musicians or specific genres of musicians. And then on the social end, there'll actually be a new speed of new artists. Whenever you're a friend, like an artist, it'll pop up so you can
discover new music. Whenever a new collectible drop goes on sale, it'll pop up in your newsfeed. Whenever you gain a new follower or somebody likes a track, it'll pop up. So you can also discover new music out there. Again, there's millions and millions of independent
independent artists, undiscovered, there's a lot like 25% of Spotify is independent artists that you've never heard of and they actually make up 25% of the streaming like stream time, statistically it's out there. So the problem becomes is that everything on music platforms or algorithms
There is the main company, you're just force feeding you what they want you to see. Whereas what our approach we're taking also making it feel seamless is the social feed aspect. Everybody is used to Twitter and Instagram and Facebook you're scrolling. But now we want to implement something there on-verse where you can discuss
discover new musicians or new exclusivities with these collectible tracks. So that was a little different, a little differentiation also just adding in that we haven't seen on any other music platform yet. And before you mention that you have like two major competitors, what are those?
Yeah, so an RIs industry leaders right now are between Audius and sound XYZ. With Audius, they were first market mover in the decentralized streaming, but to be very frank, musicians don't make money on their platform. They're only paying out and they're token.
you're on a top playlist and you know you're very dependent on what their current token price is but they were first market mover so we we see them as they have a good user base there's no doubt about it it's just the majority of the musicians that we talk to that are on there just don't
paid whereas sound xyz is also the industry leader for music minting highly curated they have around like 250 musicians I think but they've generated for the musicians you know five million dollars you gotta think about that like there is an actual market out there it's a real
way for musicians to monetize and there is true deep fan communities that are interested in connecting and having these ties to two musicians. More even purchasing royalties to have a future, you know, I don't want to say profit because that's a horrible way to look at it when you're trying to
to back a musician, but there is ways, other ways to make money from some of these musicians selling their royalties. So in our eyes, those are our two competitors out there. Everybody else is trying to attempt it, kind of raise capital for it, but they were never really in the music industry, and you have to understand a lot
a lot of the thought process that go behind it, a lot of the licensing, a lot of the underground networks that you have to navigate in labels. There's a lot to, you know, putting out a music platform that all these other companies just haven't really been able to succeed at. But thankfully,
you know, our entire team for the most parts been in this industry for over a decade. So we definitely have some great ties to what we're trying to achieve. And I definitely think we can make some serious waves over what SoundXYZ and Audiences done. It's just
No one advantage they had. But guess what? Comes in cycles and one to two years will be back in a bull cycle and I think it'll be where versus literally the number one music platform in Web 3.
I wanted to ask you know since you basically catered to like a web to customer, don't you think you also end up competing with like Spotify and Apple Music and all the traditional web to streaming platforms? Yes, you know, so you got to think about it.
There's right now there's probably be close to almost like a billion listeners globally. People have multiple subscriptions on multiple music platforms or they listen to multiple music platforms. Our goal overall is we're never going to be able to true
really compete with Spotify, Apple, Pandora, or title is just not going to happen. These are, you know, billion dollar companies already established. They have capital to burn. They can raise absurd amount of capital. You're never going to be able to beat these guys out just to be frank. What we want to be is an alternative to
the music platforms. A place where musicians know, "Hey, I'm actually going to get paid fairly. I want to direct my fan base here." Some of them even talked about early talks, but some of them talked about taking their stuff off a Spotify, because realistically it's just for exposure. You don't make money from it.
We want to be the alternative out there, similar to what SoundCloud ended up becoming. If you follow or watch how SoundCloud grew, they became the alternative to what Spotify and Pandora were
established for. Spotify wanted to be the alternative to it, give them musicians your everyday independent musician, creator, and alternative to get their music out, get discovered, and not be bound by the constraints and lack of pay that Spotify has. So in my
Yes, they're a competitor, but no, they're also not going to offer what we're doing. Spotify and Apple will never be decentralized. They will never. They're never going to change their business model. They already have your money. They already have 100 million users. It's not going to change. They're not going to go decentralized.
They're not going to reward their fan base, you know that. And then they're not going to implement, you know, collectible tracks. They actually legally can't because they have deals directly with Warner Sony and Universal. They'll never be able to sell collectible tracks directly to fans. It's just not doable.
We as verse will actually have a leg up because we're offering the decentralization of the node networks where fans can actually earn in the platform and then musicians being able to cut out, you know, everybody else and sell directly to their fan base, the music on the end. The real component that just kind of compete
beats is the music streaming end. So that's what I was back to the yes and no. But our goal isn't to be somebody that beats Spotify. It's just it's like us saying we're going to come out with a phone company that's going to be Apple. It's just not going to happen. They're already $2 trillion company. So hopefully that kind of answers it.
How are you guys planning to onboard the firm musicians on your platform, especially since like majority of people sort of listen to more or less the same popular musicians. How do you get those people on your platform as well? Yeah, so there's a
like three to four components for it, where we're at in the stage is directly to independent musicians, pure outreach, pure marketing, purely using our network that we've already established. We've been pre-registering, we already have over 170 musicians pre-registered.
As of last week, we launched our Beta version 2 Beta because version 1, we only onboarded 10 musicians, found our bugs, our initial bugs, and then relaunched. As of last week, we now onboarded about 20 musicians. We're slowly onboarding more and more as we go, just scaling it up.
goal is to onboard roughly around three to 500 musicians in the next three months before we launch our Alpha, which is towards the end of the summer. But our main goal is early on, person-to-person having communication, you know, specific campaigns
with your everyday musician, building up our library, then our next step is to go to independent distribution companies. So there's, I'm talking about like 20 to 50 independent libraries out there that are completely free. They're actually independent musician geared where
you as a musician goes on like say distro kid you would go on you create account there I think it's like $20 a year you give them all your music and they upload it to every single music platform out there that they partner with. We're already in the early talks with two distribution companies our goal is to go to them and then what they do is that they automatically
create you a musicians account on verse they'll upload all your music and then guess what now we just onboarded another 5 to 10,000 musicians it's like one massive push of libraries which then cater to a larger audience and then our next goal would be you know to scale up to more distribution companies
And then show at Stage 4 we're a powerhouse and that hey, Warner, Sony Universal, do you want to put some of your smaller labels onto verse? They're not going to give us their major libraries that are going to go to Spotify or Apple without you paying $2 to $5 million. We've already looked into it.
It's just how the industry works. So that's kind of our thought process. Start grass roots, build a small library of three to five hundred musicians, showing that like, hey, we actually have a music library. There's people interested, scale up to a distro company, a small one, then scale up to a major distribution.
contribution company and then go up to the majors and see if there's a proposal there. If there isn't, then guess what? At that point, we already probably have anywhere from 20 to 50,000 musicians globally. We'll be happy of where we're at as long as musicians are making money with our platform.
Yeah, that sounds like a great plan. Can you talk a little bit about why like you started near than you shifted to this other blockchain that is is to layer mantle. What was kind of like the thought process behind that and you're still keeping the
near for minting entities and just if you could go over that a little bit. Yeah, so there's multiple facets to that, you know, financially, also strategically. So we originally with near, you know, we want a grant to build on near protocol.
So we already have all these contracts designed and I know that there is still a pretty strong user base and following within that community more like Eastern Europe. With mantle, we saw an opportunity because there's just to be completely frank. I mean everybody would understand.
There's a lot more liquidity on Ethereum. So with mantle coming to the chain as a L2, you know those gas fees are almost nominal just like how it is with near protocol. Not as good as near, but it's pretty close. We saw an opportunity to become an
industry leader on that chain for what we're trying to attempt. And because it's on top of the theorem, we can tap into more liquidity, especially when it comes to musicians wanting to sell collectible tracks. So we looked at both of the approaches first on scalability, because if you start to sell
I'm not saying just tens of thousands of collectible tracks. We're looking to try and move like a million tracks between all the musicians a month at our peak. We need a chain that can be able to handle those kind of transactions and still again we're doing lazy minting so we're passing those fees off
to the fans. We're again not charging musicians up front. We have to make sure those minting costs are in the fractions of a cent, which is key. And of course you can't build on Ethereum. Everybody knows those gas fees. You're looking at like $50 to $150. It's laughable. But with mantle we can still get to those
fractions of a cent just like near. So that was one of our key processes is, you know, we get to be a first market mover on a whole new chain. We still keep scalability with both of them and we still keep ties to both communities to, you know, have a bigger user base. And then
and we're hoping between VCs that are in both markets, both of those chains, that we'll be able to capture some venture capital to scale this even further. Because it does come down to money. At the end of the day, you can have a user base, you can have the use case.
to actually scale a tech product and especially in all the noise that's in crypto, you know, every new quarter, everyone, not even every month. There's a new project out. There's new now it's AI now now back to, you know, flipping shit coin season back to AI.
There's always a new trend. So you have to raise capital not only to scale for the user base, but to keep user attention. So scalability, liquidity and potential VCs for the long term, where we're kind of our decisions of being able to use both of those chains.
Got it. We have some questions from the audience. So it says a good time to hear some of those. Let's get a question from Tirmela.
So my question to verse is, you know, the musicians that you plan to import, you know, some of them, once they have a large audience, they tend to steal inspiration or they tend to steal some kind of song
patterns or tunes from people with lower audiences or people who are in the lower state of and so how do you intend to protect their copyrights? Copyrights of everybody on boarded on grass, everybody producing on grass and also you know for example someone like me or
I believe in the same, not your keys, not your crypto. So this issue of you creating a non-costodial wallet for people.
or other people who use us or love us who actually feel more comfortable holding their own keys. How do you intend to satisfy these people like me? How do you intend to satisfy us and to make us feel secure while using words? Thank you.
Yeah, great questions, man. So for the first part, we are only uploading music. You have to sign off on that you own all the rights to the music. So we do not take any copyright. We don't take any rights to your music. You still own your own music for every musician.
If you were to have a musician that steals somebody's tracks and they upload it diverse, the way we're approaching it is just the two-step standard DMCA takedown where you have to file like, "Hey, somebody stole my music." You file that first as a flag and then two, you have to submit documentation that shows that you are the one that
created that track, just as standard as on any other music platform. So, yeah, we're taking a standard industry established process. We had a lawyer that went over it that was actually one of the original lawyers with Pandora, like VP of Global Licensing.
We had her go over kind of our procedures as well as the lawyer for Royal that sold, you know, the platform where you can sell shares of musicians. And that was what we deduced is, there's a two-step process to reporting anybody that is potentially stole your music.
But it's industry standard. So hopefully that answers that. Versus not taking any rights for your music. You have to own all the rights to your own music. You have to own the sample rights. You have to own everything for you to be able to put it on there and then to sell your tracks.
For the wallet generation, it's completely secure. And where there is no keys, your keys are actually stored in the contract. We don't have access to your keys, nobody has access to your keys. We're creating a non-custodial wallet. So nobody has access to it except for you through your email with two-factor authentication.
So there's no way for us to have access to any of your funds. There's no way for us to hack into it. Everything stored into the contract, which is on Ethereum. And again, we're getting it audited for even future proof or customer satisfaction and what we're building.
If you look into the ERC 4337 standard, straight from the Theorem Foundation account abstraction, there's like, you can't hack it. So there's you as a consumer, there, there, you have to feel secure. And like if the Theorem Foundation saying you can't, you can't hack this. It's, I don't know how I'll
to say it. But we don't own your keys. It's stored into the smart contract, nobody has access to those keys ever. And it's a non-custodial wallet. So we have no access to your keys. We don't even know your wallet address. We have nothing from there. Hopefully that answers everything for you.
Yes, it does. Thank you very much. Yeah, and definitely look into the the 4337 standard. It's one of the craziest new tech stacks out smart contracts out for you to be able to onboard your everyday every day person.
Okay, thank you for the question. Let's take another question from the audience from Light.
But you can go ahead and mute yourself and ask your question. Okay, I guess there's some technical stuff on that end. Let me add some more people from the audience.
Okay, we have zero with us. Zero can you hear me? Yeah, I can't. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. I'm not.#
and secondly this protocol is not the first protocol in order to carry out such activity. We have other protocols that are similar to this also. So my question is what is the distinction
or what are the criteria between an already made star and an upcoming star like this musician. Is there a certain discrepancy or distinction between an already made star?
I might be a little confused on the question, were you saying is there any criteria for you to hop onto the platform? That is part of the question. The main point is that there is certain distinction between
and already made start that is coming up on the protocol and it's somebody like an immigration that is coming up from the bottom entirely. Like, do they belong to the East? It's certain group or different groups entirely.
Okay, yeah, so anybody can like anybody can sign up as a musician to our platform. So if you have music, say yourself right now and you own all your tracks, you created your tracks, you can literally sign up.
go to verse.audio. You log in, you create a musician profile, I upload your profile, your banner, your username, and then you can upload your tracks. So anybody can go on right now and upload music, whether you're in A-list or up-and-coming musician.
From the group aspect, we don't have any groups. So there's no, there's no per se group saying, you know, X persons a superstar and this person is just up and coming emerging. We just wanted to be a platform where any musician
You can come on, similar to think of like SoundCloud or even Audius. There's no like grouping of famous A-list celebs. It's just that musicians on the platform and then our fan wants to search them that they would populate.
Yeah, there's no grouping. Anybody can sign up. We're live right now with beta and any musician or fan can go on, sign up and get access to our platform. Thank you.
Thank you for your question. Let's take a question from Let's see if a light has reconnected light. Do you want to ask your question now?
Hello, kind of. Yeah, I'll give you your question next. So let's just get questions from light and then we'll go to you.
Okay, thanks for bringing me up. Okay, my question out to two verses. Let's see for example now I actually just checked the platform and I signed up like I just wanted to see what the interface is like and when I signed up I saw something
few music sound. My question of particularised that when I'm on the platform, aside the fact that I stream without people music imagine, me personally I'm not a musician, I also just want to probably end from the platform.
What are those things? I actually saw you on the website and you're linked to that. There's an head drop. What are these head drops for? What are your head drops into people? People that use your platform and also are you going to have a token, a platform token and what is it touching that?
Yeah, great question, man. All right, so yes, we will be having an air drop We are creating our own utility token for our platform called VRS so verse On the tokens end. It's a true utility token for our platform We are already in the works with five launch pads
We've been accepted on five launch pads to push our token globally. We are now in negotiations with three different exchanges for our token launch. We're aiming for probably mid August right now with our token. And the utility for it is to redeem, you know,
collectible tracks, so music kind of tease, redeem our streaming nodes, redeem tickets to music festivals, merch, or again you can do what you want with it if you're earning it through our node network by selling it to secondary exchange. And then from the air drop end it's going to both use
and musicians. So any of our early users, we're looking at the first 2500 users, musicians will get a little bit larger because they're building our library, but it's based off of your interactions on our platform. So actually creating an account will get you X amount of points which are all calculated
on the back end of your profile, clicking by liking tracks, commenting on tracks, streaming music, and then we have our Zili quests that are up. There's already a bunch of people from our community that's already started our Zili quests and that adds to a second hair drop on our platform.
So we're doing one to your actual verse wallet that count that you create with us and then we're doing one to your your actual like metamask or whatever you connected to our zili. So they're still coming from the same pool from the air drop, but it will be for our VRS token. That's again going to be
we use across our platform. So definitely check it out, sign up with us at verse.audio and then you have to interact with our platform over the course of the next three months until we launch two months and then there's a whole other quest on our Zili which I'll actually add our
I'm happy you mentioned our link tree. I don't know if our Zee Lee is attached on our link tree currently, but I will check into that. Give me one minute. I'm just pulling it up on Twitter. Yeah, it's up there. Yeah, it's up there. Yeah, so it's up there. Yeah, so it's up there. Yeah, so it's up there. Yeah, so it's up there. Yeah, so#
you can go right now on our our our verse account just click our our on our Twitter account the the link tree and go down to our zili and you can start enjoying our quest you know get rack up some points on our leaderboard and enjoy in about three months when we do our full go live
launch pads, you know, we'll be pushing our token, then from the launch pads to the exchanges, and then versus life, you know, full alpha with our platform, with all the musicians, our node network live, our token circulating, and then we look to, again, blow up and be the Web 3 leader of Music Streaming.
All right, thank you. I think I will put on questions. Thanks, Wax. Thank you for coming. And let's move to our next question from Thaia official.
Yeah, thank you so much, can you hear me? Yes? Yeah, my question is about your token holders. Do you have a special plan for them? Like benefits of holders of your token?
So specifically to token holders? No, there's no immediate benefit for the holder itself just by holding the token. Our goal is to make it a true utility token where if you have our tokens then you can redeem stuff from our platform.
That's our overall goal is to make sure that there's a real use case. It's not just, hey, you just hold onto this token and the protocol or platform promises you you're going to make X amount of rewards to ever know. We want you to use our token on our platform to
buy the tracks, buy some nodes, buy merch, redeem for tickets to festivals, or if you do, you know, again, it's up to you of whatever you want to do with the token from there. But yeah, there's no staking protocol for us.
We look at that as just to be honest kind of like Ponziomics where a lot of unless it's a true validator for an actual L1 or an Appchain there's no use case of staking tokens that's just for you to redeem more rewards.
technical level. So we're looking at our token to be actually used on our platform. Or if you're running a node, then yeah, you can go ahead and try to sell it off to traders on an exchange. But yeah, hopefully that answers from our design and actual like vision
for our token is mainly to be used on our platform to redeem the tracks, nodes, merch, tickets, or any of the other rewards that we may drop down the road that we plan to roll out. Okay, I have another question. Sure.
Do you have a new feature that you are going to implement it to your iPhone? Like. New feature that investors would like.
Yeah, I mean point blank or node network. That's that's the biggest thing. We are actually given power to the fans. The fans will be able to host our music. They'll be able to earn transaction fees again are token. But we're also implementing voting. So if you look into
any of our docs on our white paper node operators who actually be able to vote or even our videos. I mean we're pretty big right now on TikTok. We post you know almost daily on our TikTok about verse and how our nodes and everything's gonna operate. If you're running one of our nodes you actually get to vote in processes for the
operation, whether we implement a token burn down the road, whether we want to do X event, whether we want to create a deal with specific musicians or chains or partnerships. That's our overall goal. And the long-term goal with our node network is to offer the data storage
to other platforms. We're already actually in talks with one gaming platform, where they're an aggregate like a competition platform where they match up different gaming platforms you can bet. And the winner automatically decentralized via the smart contract is pays out the winner from whoever won that.
that competition, but we want to be the data storage for the records of all the game wins. So there's a lot of capacities that are no network. We're looking long-term vision, just not music storage. But yeah, if you want to say from that aspect of your question, it's mainly focused on our no network.
Got it. Thanks for your question. Another thing I wanted to sort of announce is after this space and about an hour there's going to be an NDC space where I'm also going to be speaking I think so I've been that up to our space here
So if you guys can also interact with that tweet and set your reminders and stuff, that'd be great. I think they're also going to give away the NDC citizen NFTs. I'm not sure if to every single person who comes, or only to some people who come, but definitely check it out. There's going to be a lot of alpha, a lot of good information and some free NFTs.
So please help them spread their awareness go like go retweet. That being said, I think this will be going to wrap this up. Vers, do you have any thing you would want to say any messages to our community before we end the space? Yeah, I mean, first, I appreciate it wax for you know, hosting us.
With verse to everybody in here. I appreciate definitely the time and the questions a lot of great questions on that kind of diving into you know what are potential users investors anybody like that are looking for If you're looking to get involved in our air drop. We mean again, you can go to our zealot
The link tree link is right on the profile. You can create a profile with us live now. It's burst.audio is our website very simple. And start streaming music. And if you're a musician definitely come sign up on our platform get involved because we're only going to grow
Again, this is early phase. We've been building this out for a year now. We're not looking to go anywhere else. We're looking to just blow this up to a couple hundred thousand users plus. And you'll definitely be seeing more of us. So get involved now. And I appreciate it, everybody.
Okay, then thank you for coming guys. Thank you everybody who joined the space. As good questions and this where we're going to wrap it up and I see you all in an hour or what is it in two hours on the NDC space. So yeah, goodbye. Have a great day everybody.