What is GALA MUSIC (MUSIC)

1. Project Introduction
Gala Music is a decentralized music platform aimed at transforming the global music ecosystem by creating an open, autonomous, and reward-driven environment for artists, content creators, listeners, and fans. The platform supports four main participant roles: artists, music NFT holders, node operators, and fans, all of whom can earn rewards through platform activities. These rewards can be used in the All Access Store. Gala Music is a crucial part of the Gala ecosystem, alongside Gala Games and Gala Movies, forming the foundation of the Gala platform.
Summary: As Gala’s Web3 music platform, Gala Music has attracted over 200 artists, including partnerships with renowned rapper Snoop Dogg and electronic music artist BT, according to the official website.
2. Team & Investment Info
Leila Steinberg: President of Gala Music, with a background in marketing at Atlantic Records, Sony, Def Jam, Tommy Boy, Interscope, and Relativity. She was also the artist mentor and first manager of legendary American rapper 2PAC.
Funding: Undisclosed
3. Social Media URLs
X: https://x.com/GoGalaMusic
Telegram: https://t.me/PoweredByGala
Discord: https://discord.com/invite/gogalamusic
4. Token Info
Token Symbol: MUSIC
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0xD8c0b13B551718b808fc97eAd59499d5Ef862775
Token Distribution:
BEAMS Conversion: 7.5%
Ecosystem Partnerships & Initial Node Operator Rewards: 7.5%
Issued According to Ecosystem Activities: 85%
5. Related Links
Official Website: https://music.gala.com/
White Paper: https://music.gala.com/Gala_Music_Whitepaper.pdf
Other Info:
https://www.rootdata.com/Projects/detail/Gala%20Music?k=ODk4MQ%3D%3D