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Through the establishment of the global music market ecosystem, the MiraQle Project can generate revenues not only from global collaboration album sales, but also through streaming rates. Used MQL within this ecosystem will be burned. Collaboration albums between Chinese and Western industry-leading artists can be endlessly reproduced into derivative products such as concerts and goods that will be distributed worldwide. NFT products with high quality will be produced and are purchasable through MQL in various marketplaces. MiraQle is also developing a new business model through participation in staking and funding of these NFT artworks.
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What is MiraQle and how does it aim to reshape the entertainment industry?
MiraQle is a decentralized entertainment ecosystem that seeks to transform the conventional entertainment industry by allowing fans to actively participate in the production and consumption of content. In the current industry, content production is controlled from the top-down, leading to fans demanding more engaging and high-quality content. MiraQle aims to create a more secure, fair, and transparent system that empowers global music fans to be involved in the planning, production, and consumption cycle. By doing so, MiraQle enhances the industry with a diverse range of fan-driven content.
MiraQle Token (MQL) represents the integration of blockchain technology with the global music industry, ushering in a new era of technology and entertainment. With MQL, fans can become producers of their favorite artists, contribute to the creation of albums, and own various celebrity NFT media artworks. By declaring themselves as genuine end-users of the global entertainment industry, fans play a crucial role in transforming the traditional music industry. MiraQle provides diverse entertainment platforms that support a fan-centered culture.
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