Elon Musk's tweets about DOGE have brought more attention to memecoins, with tokens like SHIB and PEPE making headlines as their value and popularity surge.
A new Web3 music label, BeMeow, has emerged, aiming to revolutionize the music industry by merging blockchain, artificial intelligence, and meme-culture.
BeMeow's unique approach involves using memecoins to digitize music on the blockchain, rather than the commonly used non-fungible tokens (NFTs). This innovative method creates dedicated trading charts for each song, and a portion of the trading fees is allocated to independent artists.
The label's ecosystem expands beyond digital music, encompassing club events, music festivals, and the production of vinyl records with digital ownership features. These "vinyl NFTs" offer collectors passive income through a share of music royalties and memecoin trading fees.
BeMeow fosters a strong community, rewarding promotional engagement with tokens and integrating generative AI tools in its Telegram group. Community members can create and submit music, and community voting decides which songs are released on major music platforms like Spotify, Apple Music, and Tidal.
The label's roadmap includes copyright tokens, music index tokens, and a dedicated music token exchange, aiming to diversify music as an investment class and enhance the ecosystem with broader technical compatibility.
BeMeow's native label token, $BEME, signifies the ecosystem's value. A portion of the trading fees from each music memecoin is used to buy back $BEME, bolstering its long-term value.
Presale participants can support the project early on and gain access to $BEME tokens before the public launch in January 2025. A vesting model ensures tokens are gradually released over time.
To encourage community involvement, a two-tier referral program is in place, offering additional rewards for bringing new supporters into the project.
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