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SingSing Launches NFT Platform to Revolutionize Music Industry

 


SingSing, a platform that connects superfans with their best singers, has launched a new NFT platform to make the music industry more accessible and decentralized with new SingSing NTs. The platform should also serve as a form of interaction between fans and artists and as a stock exchange.


At the beginning of 2020, BPI/ERA reported that SingSing superfans made up more than 10% of the population and contributed about 34% of the total revenue spent in the music industry.


SingSing has developed a SuperPass NFT to be used as a pass in the SingSing NFT platform. The SuperPass allows superfans exclusive access to the services offered on the platform.


Also, SuperPass will allow superfans to trade or buy various music NFTs on the launched platform. The new NFT platform also features a new NFTs experience where users will have the opportunity to be featured in music videos.


Following the launch of the new platform, more than 33 Southeast Asian celebrities have signed up to SingSing, with more than 30 million followers, and more are expected.


The team behind SingSing

The SingSing team has been successful in several achievements. As a team, they were able to create music startups, successful technologies and the best community.


Success stories include the karaoke network which has more than 1.4 million basic users with about 500,000 new members joining every year, the team also developed the largest dating community (NOI.vn) with over 1 million users and also the largest music startup in Vietnam (Nhacso.net).


The team has also won a number of technology championships, such as the Asia-Pacific ICT Awards, where they won a champion's trophy, as well as a champion's trophy at the Community 2 blockchain hackathon held in Vietnam last year.


Long Vuong, TomoChain founder and also SingSing consultant, said:


“Music is always a big global market, we believe that SingSing will contribute to the growth of blockchain to achieve mass adoption. The team has proven their ability to build a huge community. We strongly support the project and work closely with them to bring great value to the community.”


SingSing will now use its native token $SING to trade, vote, govern, breed, stake and rank NFTs for their rewards. The users also have to earn the token so that they can participate in the singing competition and access the best community zones. These tokens can be earned by winning the singing competition or by completing the guests in these competitions.

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