Corite is a music and tech startup that aims to create own unique approach to funding artists. The project lets fans invest in music and get a share of streaming profits.
How it works
Create a campaign by inviting your fans to get support for your next release;
Get backed by fans – use money you raise to market your music and engage your fans;
Share the success – get free distribution and share the revenue with your fans.
Fan Power Monetization
Corite Originals – limited edition music NFT’s for all releases;
Digital Merch – create and sell collections of digital NFT merchandise;
Royalty shares – get advances from backers and let them share the revenue;
Social tokens – build Fan Power score while promoting music and get rewarded;
Ticketing – tickets to live stream performances or release parties;
Tipping – tip for exclusive content or extraordinary performances.
Fans can engage in missions to find and promote artists and music and to be an active part in the artist’s career choices. Some missions include staking of tokens, used in ”winners take all” pools.
Artists can create challenges for their fans and set staking levels, utilities and rewards for those who participate or are the most successful. Some are automatically created when certain targets are met.
Both fans and artists can be rewarded financially with the Corite token $CO and non financially with badges (non transferable), as well as content and experiences (NFTs).