Chooky Records, a blockchain-integrated music label, is set to launch its anticipated token on TokenFi’s decentralized Launchpad on May 28, 2024. This move marks a significant step for Chooky Records, which integrates real-world assets (RWA) and blockchain technology to offer unique benefits to fans and artists alike.
Through this innovative approach, stakeholders can earn royalties from music operations and a commission from the sale of tokenized assets via their marketplace. This model allows artists to receive royalties at rates much higher than the traditional industry standard, challenging the status quo of the music business.
Additionally, Chooky Records enhances the fan experience by offering copyright entitlements through non-fungible tokens (NFTs). These NFTs are linked to each music release and provide fans with ownership rights, along with access to exclusive events, meet-and-greets with artists, VIP merchandise drops, and more.
This approach not only democratizes music ownership but also deepens the connection between artists and their audience, transforming how fans interact with their favorite music.
Strategic Partnerships and Artist Collaborations Drive Chooky’s Expansion
Chooky Records is not just revolutionizing the music industry through technology but also through strategic partnerships and high-profile collaborations. The label has formed alliances with major players like Apple Music and Ticket Master, and it has closed sponsorship deals with Hulu and Meadowlands. These partnerships reflect Chooky’s broad appeal and its commitment to merging the entertainment industry with blockchain technology.
The label’s success is also driven by its collaborations with renowned artists who have a massive following. For instance, Chooky worked with Afrobeat sensation Davido, who has over 56.1 million followers across various social platforms.
They also teamed up with Busta Rhymes, producing a globally trending song that amassed over 1.5 million streams. Other notable collaborations include work with artists like Popcaan, Eric Bellinger, and World President, further showcasing Chooky’s diverse and influential reach in the music scene.
CHOOKY TO LAUNCH ON TOKENFI'S DECENTRALIZED LAUNCHPAD@Chooky_Records, a blockchain-integrated music label, will launch its token on #TokenFi's decentralized Launchpad on May 28, 2024. Chooky offers fans and artists benefits like higher royalties and NFTs providing copyright… pic.twitter.com/xPdm1Vw4hm
— TokenFi (@tokenfi) May 21, 2024
Team and Launch Details Highlight Chooky’s Market Position
The team behind Chooky Records comprises seasoned industry veterans who bring a wealth of experience and expertise. Jordan leads the music division, bringing a rich background in production and performance, while Solomon (OT) is known for his event management skills, particularly for his work with Busta Rhymes.
Advisors like Dena & Tom from Power Muse, Lati, and Wande add depth to the team, each bringing specialized knowledge from event management to strategic operations and social media management.
This upcoming launch on TokenFi’s Launchpad is more than just a token sale; it is a testament to the platform’s robust capabilities in supporting innovative projects. TokenFi, known for its user-friendly interface that requires no coding skills, is facilitating this launch on the #Base blockchain, where participants can use ETH or USDbC to engage in the sale.
Priority access to the Chooky token sale is granted to $TOKEN holders, underscoring TokenFi’s commitment to rewarding its community and supporting the tokenization wave in the trillion-dollar industry.
As Chooky Records prepares for this launch, the broader market is watching closely. The success of this initiative could pave the way for more artists and labels to embrace blockchain technology, transforming the music industry and how fans interact with their favorite tunes. This event is not just about a new token but about setting a precedent for the future of music and blockchain integration.