Zilliqa, a public blockchain platform, has entered into a $1.1 million partnership agreement with leading NFT music platform TokenTraxx to make the music industry more rewarding and fair.
Aiming to be carbon neutral by 2022, the platform aims to position itself in the music industry by bridging the real world and blockchain technology with a strong blockchain network.
Zilliqa TokenTraxx partnership is not the first partnership in the NFT industry. The protocol has signed partnership agreements with platforms such as Mintable, Unicutes and DeMons, in addition to other solutions based on NFT technology.
Zilliqa Aims to Make a Difference on the TokenTraxx Platform with Blockchain Technology
With the tokenization of music, Zilliqa will create more opportunities for artists to receive royalties, rights ownership, and other items available on platforms like Spotify and Apple Music. All functions can be run on distributed ledger technology or simply on the blockchain.
Zilliqa is excited to join a company that combines technology from the music and entertainment industries with effective business practices. The company’s CEO, Dr. Ben Livshits looks forward to collaborating and reaping the benefits of blockchain.
With the partnership, TokenTraxx will gain instant access to a secure and scalable protocol with low costs and modest gas fees.