Melos Studio (MELOS) Price, Charts & Market Data

Central to Melos Studio are the MusicBlock NFTs, which are designed to evolve and merge with other musical pieces, facilitating a collaborative and dynamic music creation process. The platform's unique forging technique enables the amalgamation of various musical inspirations and genres, leading to the production of distinctive and scarce music pieces. These pieces are characterised by their ever-changing value, content, and format.

The platform is governed by a decentralised autonomous organisation (DAO), where community members play a crucial role. They engage in activities such as proposing, voting, seeking collaborations to grow the community, ensuring fair transactions of MusicBlock NFTs, and encouraging the creation and trading of these NFTs.

Melos Studio encompasses several key features, including an AI Music Workshop for creating music NFTs on web3, a Music NFT Marketplace, a Virtual Band feature for artist collaborations, and diverse music auction formats. Another innovative aspect is the DNA Tree, a tool that illustrates the structure of music pieces, enabling fair distribution of value among composers.

The MELOS token, an essential component of the Melos Studio ecosystem, functions as both a governance and utility token. It is used for various purposes, such as tipping artists, fundraising, revenue sharing from NFT releases, and community voting in the DAO.

Technologically, Melos Studio features "NFT Forging" for mixing music artworks and integrates NFTs with IPFS protocols to ensure the longevity and widespread value of MusicBlock NFT arts. The platform supports various aspects of the music industry, including individual musicians and music festivals, with the aim of becoming a hub for digital musical arts.