• Glozal intends to release the world’s first NFT music player

  • Glozal, a music technology firm, intends to release the world’s first NFT music player by the end of the year.

    The Florida-based firm is about to release its NFT music player, which will let musicians sell their work digitally and fight music piracy. The NFT player will also prevent tracks from being unlawfully duplicated.

    Glozal intends to establish a whole ecosystem for musicians this quarter. The launch of the company’s own NFT music player is critical to the company’s goals. Users will be able to play tracks on the music player only if they have the NFT to confirm they own the legal copy of the track.

    Because the music songs will be DRM-encrypted, users will be unable to play them on any other player. The measure appears to be aimed at strengthening and enforcing music ownership in order to benefit musicians.

    NFT Music Player will safeguard artists’ work.

    The Glozal system will also include a backend where musicians may sell tracks and albums and assign NFTs to the owners. The method is claimed to be comparable to Apple’s offering, in which consumers can only listen to music purchased via Apple Music on Apple devices. The primary distinction here is the usage of blockchain technology, which allows for more usability for independent authors.

    Tarek Kirschen, CEO of Glozal, intends to launch the platform with two payment options. One has a revenue split of 70/30, while the other has a fixed monthly payment of $99.95.

    “My executive staff is ex-Sony music, music producers, engineers, and artists,” Kirschen said. Glozal has signed “one of the top Latin performers,” he said, who will release an album through Glozal as proof of concept.

    One of the key advantages for artists, according to Kirschen, will be the quick and direct payment from users, as opposed to waiting months to be paid directly by record labels. “We’re employing a smart contract. When the artist uploads his song or album, he will include the amount he must pay to each participant. This is a real-time payment using a cryptocurrency wallet. You don’t have to wait six or nine months for a label to pay you. “This is a real-time payout,” he explained.

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