Gala Music is a new way of looking at music that elevates the careers of artists while empowering the experiences of the fans who make it happen. This game-changing rework of the music industry wouldn’t be possible without the creation of a secure and sustainable economy, unlocking the door to real ownership and real rewards. That’s where $MUSIC comes in, powered by GalaChain.
A World of Tokens
No matter where you look in the web3 world, you’ll find a plethora of tokens. Whether fungible (each token is the same as every other token) like Bitcoin or non-fungible (each token is uniquely identified) like a Gala Music track NFT, these gamified representations of digital property have staked a massive claim in the future of the internet.
Because tokens In web3 are always tied to smart contracts, a token is defined by what it represents and what it does. This is why nearly every blockchain-based project out there has a token of its own, created on a blockchain with custom specs that perfectly fit the situation. Basically, $MUSIC was built for music, created to fuel the Gala Music ecosystem for artists, fans, collectors, record labels and more.
What is $MUSIC?
Whenever you see the word with the $ and all capital letters, there’s a good chance it’s referring to the core ecosystem token of Gala Music. We think of $MUSIC mainly as a utility token because its economy is primarily driven by what it does. However, when categorizing the different types of tokens in web3, you’ll find that $MUSIC falls into multiple categories.
$MUSIC is a Utility Token, used to access and utilize the services offered by the platform. They can be spent in the ecosystem’s All Access store, locked to show support for artists, and used to incentivize ecosystem growth. For instance, the $MUSIC token within the Gala Music ecosystem can be used to purchase music tracks, concert passes, merchandise, and more.
$MUSIC is a Reward Token, distributed as rewards for specific actions or participation within the ecosystem. For example, in the Gala Music ecosystem, users can collect $MUSIC tokens for a variety of actions based on their platform engagement, as well as the popularity of owned and hosted tracks.
Governance Tokens give holders the right to participate in the decision-making processes of the platform. Holders can vote on changes, upgrades, or any other decision that affects the ecosystem’s future. While not explicitly detailed in the Gala Music Whitepaper, governance tokens are common in many web3 projects to ensure community-driven development. In the future of Gala Music, governance functions will eventually be added to the $MUSIC token, allowing holders to contribute to ecosystem decisions based on their $MUSIC held.
Security Tokens represent ownership of an asset, and are subject to federal securities regulations. They often represent stakes in a company, real estate, or other assets and offer dividends or profit-sharing. $MUSIC is NOT a security token, nor is ownership of $MUSIC an investment of any kind.
Non-Fungible Tokens (NFTs) are unique tokens representing ownership of a specific item or piece of content, often used in the music and art industries. Within Gala Music, tracks and All Access Experiences are often sold as NFTs, allowing fans to own a piece of their favorite artist’s work and share in the success. $MUSIC itself is considered a fungible token, meaning that a $MUSIC token is indistinguishable from any other $MUSIC token in terms of its use (similar to a US dollar).
Stablecoins are cryptocurrencies pegged to a stable asset, such as the US dollar or gold, in order to minimize price volatility. They are typically used within ecosystems to facilitate transactions without the risk of significant value fluctuations. Examples of stablecoins include USD-T(Tether) and USDC (US Dollar Coin).
As a cryptocurrency that can be held on either GalaChain or Ethereum, $MUSIC can be obtained by trading on a variety of exchanges where it is listed.
On GalaSwap, users can swap other GalaChain minted tokens (such as $GALA) directly for $MUSIC with no need to bridge tokens to Ethereum and navigate an external exchange. Simply log in with your Gala account credentials and you’re free to create and accept swaps at any time.
On Ethereum, you’ll find a list of $MUSIC markets at on CoinMarketCap along with the exchange pairings offered at those exchanges. Keep in mind that not all exchanges are legally accessible by residents of all countries, so be sure to check on your local and federal regulations before using a cryptocurrency exchange.
$MUSIC Rewards
$MUSIC is first introduced into circulation as rewards to artists, listeners, owners and Jukebox Node operators.
For Artists: One of the primary ways that artists benefit from producing their music with us is the generation of $MUSIC. $MUSIC generated based on platform and app popularity is entirely in addition to the 70% revenue share Gala Music artists enjoy from NFT track sales.
For Listeners: Even free users of the platform and app can stack $MUSIC rewards for simple actions like listening to new music on a daily basis, interacting with live events, sharing their favorite artists with friends and more. Part of the new $MUSIC generated each day into the ecosystem is reserved for what the Whitepaper calls “ecosystem supporting activities,” empowering fans to become superfans and build a collection in the process.
For Track Owners: Collecting reward enabled NFT tracks with Gala Music is a fantastic way to start gathering $MUSIC rewards, especially if you’re picking the most popular tracks and snagging digital copies before they sell out. Simply host your owned tracks by pairing them with active Jukebox Nodes to enable daily rewards based on their plays. The more plays each day for your track, the more $MUSIC you’ll get.
For Jukebox Node Operators: When you’re ready to become a real force in the decentralized world of music, you may decide to get licensed to operate a Jukebox Node. It’s easier than it sounds (your computer does the hard work), and without Jukebox Nodes forming our DePIN (Decentralized Physical Infrastructure Network), none of this would be possible. As such, Jukebox Node operators are rewarded accordingly, sharing in rewards from 10+ hosted NFT tracks at a time.
Using $MUSIC
This is where it gets really exciting: Spending those rewards. Everything sold on Gala Music can be purchased for $MUSIC, from the latest Mystery Boxes and All Access Experiences to NFT tracks, exclusive merch and Jukebox Nodes.
Most items can only be purchased for $MUSIC, so it’s a good idea to hold onto some if you want to be ready for the next drop.
Tipping Artists Directly
This is exactly what it sounds like. One of the most impactful things you can do for an artist whose music you enjoy is give them a tip. Gala Music makes it easy to send some $MUSIC to artists of your choice, letting them know how much you appreciate what they do.
Holding $MUSIC to Support Artists
At Gala, even the $MUSIC you’re holding can be put to use while you’re holding it. Using the Loyalty Pools program, you can lock in specific amounts of $MUSIC to support specific artists, directly aiding in their rise to the top and unlocking exclusive access benefits for yourself. Each of the (nearly 200 at time of writing this) Gala Music artists is invited to offer special benefits for loyalty support in the form of locked tokens, including special Discord community access, VIP concerts, early sale access, discounted track prices and more.
Gala Music proudly presents the latest track from returning artist Ryan V, titled “New York City In A Day,” dropping tomorrow (June 4th) at 1pm PT. Level 2 $MUSIC supporters of Ryan V’s Loyalty Pool will enjoy presale access starting at 12pm PT and a 5% discount on the track!
This marks Ryan V’s 6th NFT track on Gala Music, with several of his previous releases still available while supplies last. Check out his other tracks at the links below!
“New York City In A Day” is a captivating piece inspired by Ryan’s first international journey to New York City. Spending an entire day and night in transit, Ryan was enchanted by the city’s vibrant energy, which he has masterfully captured in this song. Utilizing an alternate open tuning on the acoustic guitar to evoke a sense of movement, Ryan has also incorporated strings to enhance the song’s cinematic feel. This long-awaited track is now ready for its exclusive release on Gala Music.
Listen to “New York City in a Day” now on Gala Music
Artist Bio
Ryan V, formerly the lead vocalist of the South African band “The Waiting Room,” is now a singer/songwriter based in Cape Town. Following early success between 2006 and 2008, Ryan took a hiatus from music but returned with his solo single “Hope” in January 2023, which hit #1 on Radio Laeveld. The challenges of the 2020s, including the lockdowns, reignited his passion for music. Ryan now channels his thoughts, fears, victories, and challenges into his songs, sharing his journey and inspiring others. He is excited for the future and thrilled that his children can witness him living his dream.
Why You Shouldn’t Miss This
This Signature Edition is limited to just 100 copies, ensuring scarcity and a solid flow of $MUSIC rewards for any owners who host their tracks by pairing them with active Gala Music Jukebox Nodes.
This track was part of the first generation of tracks voted into the platform directly by the community through the new NextUp feature that puts the fans in control of what’s coming next. Everybody gets to vote, and new votes are live each and every week!
Time to get transported to a new realm of sound with Earthlings’ next track “Fly Dreams”, featuring Butcher Kuts. Landing tomorrow on May 30th, 2024, this hip hop/indie instrumental expedition marks the second track release of Earthlings in the web3 universe of Gala Music.
The Signature Edition of their debut Gala Music track, “Prophets Dropped,” is still available while supplies last. Check it out at the link below.
Earthlings is the visionary producer duo of Faze.One and SpaceBar. Originating from the far reaches of the galaxy in the year 2182, Earthlings have traveled back to our present time to share their futuristic soundscapes. With a mission to recharge the soul through music, Earthlings are here to reshape our musical landscape.
“Fly Dreams” is a unique blend of hip hop and instrumental music, produced by SpaceBar and Faze.One with masterful scratches by Butcher Kuts. This track invites listeners to enter the dream realm and experience a soulful recharge. It’s an auditory journey that promises to elevate your senses and leave you dreaming fly.
Signature Edition Release
In true Gala Music style, “Fly Dreams” will be released as a Signature Edition, with only 100 reward enabled digital copies available. The track will drop at 1pm PT on Thursday, May 30th, 2024. Don’t miss your chance to own a piece of the future, supporting top notch emerging artists as they ascend into the Gala Music stratosphere.
Get Rewarded for Discovering New Music
Like almost all Gala Music NFT tracks, ownership of “Fly Dreams” is integrated with Gala Music’s unique rewards system. By pairing the track with an active Jukebox Node, track owners can collect daily $MUSIC rewards based on the track’s popularity on the platform. This innovative system ensures that both artists and fans continually benefit from the music they love.
To take the reward experience even further, Gala Music community members are invited to run Jukebox Nodes that power the decentralized music network. Licensed community operators contribute computing power to host songs (up to ten per node with upgrade slot capabilities) in exchange for even more $MUSIC rewards. Running a powered up Jukebox Node is the best way to stack $MUSIC in a hurry.
Join the Revolution
Gala Music is redefining the music industry by empowering artists and connecting them directly with fans while rewarding what they truly deserve for sharing their art with the world. With blockchain technology powered by GalaChain, Gala Music provides a transparent, fair and rewarding experience for all participants. By supporting Earthlings and other artists, you are joining a revolution that values creativity and community.
Listen Now
Don’t miss out on “Fly Dreams” by Earthlings. Set your alarms for 1pm PT on May 30th, 2024, and be among the first to own this awesome track. Visit Gala Music to listen now and immerse yourself in the future of music.
David Ciente is back with his second track on Gala Music, a unique fusion of electronic dance music and rich Romanian traditions that you won’t want to miss. “Dum Dum Dum” hits the platform with its Signature Edition NFT run tomorrow, bringing ancient melodies to the global stage through a modern EDM lens.
About “Dum Dum Dum”
“Dum Dum Dum” is an electrifying EDM instrumental piece that ingeniously weaves in elements of Romania’s traditional music. Spotlighting nearly forgotten Romanian traditions, “Dum Dum Dum” creates a captivating blend of old and new. The accompanying video features the traditional Romanian mask, a symbol of cultural heritage worn on various occasions, adding a visual dimension to an already awesome auditory experience. David Ciente describes the process as both fun and challenging, blending ancient melodies with modern sonic techniques to produce a truly unique sound.
David Ciente is an innovative musician dedicated to bridging the gap between old and new cultures. By fusing EDM with authentic traditional music, he promotes a unique “World EDM” genre. With a decade of experience producing hits for artists like INNA, Selena Gomez, and Pitbull, and working with legends such as Alicia Keys, Noah Cyrus, Breyan Isaac, and Adam Lambert, David has now turned his focus to exploring his Romanian roots. His mission is to bring these ancient traditions to a global audience, and “Dum Dum Dum” is a testament to this vision.
Revisit David’s First Gala Music Track: “Roots”
If you haven’t already, be sure to check out David Ciente’s debut track, “Roots.” Still available as a Signature Edition and accompanied by a video on Gala Music, “Roots” is a special composition that combines ancestral Romanian music with EDM and Dubstep. It features live sounds captured in the heart of Romania, showcasing the traditional way of life with oxen and wooden oxcarts transporting hay.
By listening to and owning David Ciente’s tracks on Gala Music, you are not only enjoying cutting-edge music but also supporting the preservation and global dissemination of Romanian cultural traditions. Plus, owning these tracks allows you to participate in Gala Music’s unique rewards system, where you can stack $MUSIC tokens by pairing your tracks with active Jukebox Nodes. The more listens your paired track gets, the more rewards you’ll see.
Dive into a musical journey that blends the ancient with the modern and experience the vibrant Romanian culture through a new lens. Visit Gala Music to listen and be part of this cultural revival.
Tuesday, May 21st, at 1pm PT, is going to be legendary. Tha Dogg Pound, the iconic Death Row Records duo, is dropping two exclusive tracks on Gala Music. And if you’re a proud owner of Snoop’s Stashbox, you get an early shot at these gems with a special presale starting at 12pm PT with a 20% discount!
Artists: Tha Dogg Pound (ft. Snoop Dogg & J. Black) (prod. by Soopafly)
Quantity: 100 tracks
Price: $100 each
Why This Drop is Special
Tha Dogg Pound, made up of West Coast legends Kurupt and Daz Dillinger, were pivotal in Death Row Records’ rise. Their contribution to hip hop is massive, and they’ve been rocking solo careers since 1998. This drop brings them back together, ready to unleash some classic West Coast fire.
With over 40 tracks already dropped on the platform, October London is a Gala Music fan favorite whose smooth vibes alongside Snoop and Tha Dogg Pound is something you don’t want to miss.
What’s the Deal with Snoop’s Stashbox?
If you’ve got Snoop’s Stashbox, you know the perks. This exclusive early adopter Gala Music item included multiple Legacy Edition NFT tracks and a lifetime VIP club membership. It’s your golden ticket to allowlist access for high-profile sales like this one. If you’re a member of that VIP club, you’ll qualify for the presale.
The Presale Advantage
Stashbox owners get a whole hour from 12pm PT to scoop up these tracks before they go on general sale at 1pm PT. With only 100 copies of each track, this presale window is crucial if you want to secure these rare collectibles.
Don’t Miss Out!
This is a rare chance to own exclusive tracks from the icons of hip-hop. Set your reminders–make sure your Gala Music account is ready for the drop.
Whether you’re a die-hard fan or a new listener, this drop is a piece of music history.
Listen now and be part of the Gala Music revolution. Don’t let these tracks slip through your fingers.
