MODA is dedicated to the adoption of Web3 in the music industry via NFTs, micro-licensing, DAO governance and DeFi.
MODA is being established as a not-for-profit foundation (with a tokenized value structure) for the sole purpose of pushing Web3 music forwards and establishing a more sustainable future for audio creators. Therefore, the token model itself contains a balance of free and open-source tooling for the music world, and value-creating functions which will drive its long-term growth.
At the core, MODA is designed to bridge not only the legacy music industry with Web3 but to also bridge existing networks through standards and interoperability. MODA is about allowing people freedom, not locking them into walled gardens.
The $MODA membership and governance will enable holders to interact with Music3 technology, apply for grants, back artists, back songs and generate income. MODA is for anyone who creates or consumes content in the Web3 world.