Chooky Records, a music label that utilizes blockchain technology, is gearing up to release its highly anticipated token on TokenFi’s decentralized Launchpad on May 28, 2024. This marks a significant milestone for Chooky Records, as it combines real-world assets and blockchain to offer unique advantages to both fans and artists.
Through this innovative approach, stakeholders have the opportunity to earn royalties from music operations and commissions from the sale of tokenized assets through their marketplace. This model challenges the traditional industry standards by enabling artists to receive higher royalties than usual.
Furthermore, 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, exclusive access to events, meet-and-greets with artists, VIP merchandise drops, and more.
By democratizing music ownership and deepening the connection between artists and their audience, Chooky Records is transforming the way fans engage with their favorite music.
Chooky’s expansion is not only driven by its integration of technology but also by strategic partnerships and collaborations with high-profile artists. The label has formed alliances with major players like Apple Music and Ticket Master, and has secured sponsorship deals with Hulu and Meadowlands. These partnerships demonstrate Chooky’s broad appeal and its commitment to merging the entertainment industry with blockchain technology.
The label’s success is further fueled by collaborations with renowned artists who have a large following. For example, Chooky worked with Afrobeat sensation Davido, who has over 56.1 million followers across various social platforms. They also collaborated with Busta Rhymes, resulting in a globally trending song that garnered over 1.5 million streams. Other notable collaborations include artists like Popcaan, Eric Bellinger, and World President, showcasing Chooky’s diverse and influential reach in the music scene.
Chooky Records’ team consists of experienced industry veterans who bring a wealth of knowledge and expertise. Jordan, with a background in production and performance, leads the music division, while Solomon (OT) is known for his event management skills, particularly with Busta Rhymes. Advisors such as Dena & Tom from Power Muse, Lati, and Wande provide specialized knowledge in event management, strategic operations, and social media management.
The upcoming launch on TokenFi’s Launchpad is more than just a token sale; it showcases the platform’s robust capabilities in supporting innovative projects. TokenFi, known for its user-friendly interface that requires no coding skills, facilitates the launch on the #Base blockchain, where participants can use ETH or USDbC to participate in the sale.
Priority access to the Chooky token sale is granted to $TOKEN holders, highlighting TokenFi’s dedication to rewarding its community and supporting the tokenization trend in the trillion-dollar industry.
As Chooky Records prepares for this launch, the wider market is closely observing. The success of this endeavor could pave the way for more artists and labels to embrace blockchain technology, revolutionizing the music industry and transforming how fans interact with their favorite songs. This event is not just about a new token; it sets a precedent for the future of music and blockchain integration.