we hosted an amazing AMA with Rocki on the 27th of July And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as ROCKI ?
I’m Bjorn Niclas; I’m the CEO and co-founder of ROCKI, which is the biggest music NFT platform on the Binance BNB Chain focusing on music NFT’s and music streaming. My background is a long experience in the music industry and music technology, spanning back nearly 20 years.I worked a DJ manager for some of the biggest DJs in the world, and I also founded several music-tech start-ups, (Vidiam, Grooveo, and Choon), all aimed to create more revenue and opportunities for artists, with services as live streaming, music video optimization, and music streaming on the blockchain, and now Music NFTs on BNB Chain. You can find my professional background here: https://angel.co/u/bjornniclas-gmail-com
Q2. What are the advantages of Your project ?
Good question. Everyone knows the music industry model is severely broken. The major streaming platforms only work for the 1% of artists that accounts for about 90% of the revenue generated. That is fine if you are Lady Gaga, or Jay Z, or BTS, but if you are one of the 5 million independent artists which makes up the 99% category, then you get to share that remaining 10% of revenue which typically comes out to less than $200 a year for most. I think everyone can agree, clearly not something to base your music career on!Typically, most of the artists make 95% of their income from live events, performing live gigs in front of their fans. With the pandemic completely shutting down all live events for over two years now, the need to have a better working platform for musicians to earn better revenue with their music is more important now than ever before.ROCKI was started just for those reasons, to fix the broken music industry, which creates a brand new music industry, built from scratch using blockchain technology on BNB Chain for royalty accounting and transparency, and focusing on Music NFT’s, where music becomes scarce again (scarcity creates value) and have an easy to use platform for all artists, regardless of size to be able to properly monetize their music and reach more fans with better fan engagements. We have the biggest Music NFT market place in the world with over 3,000 Music NFT’s minted and sold on the platform, many of them earning more money than what most musicians earn from Spotify and Apple music in a year.
Q3. please tell us about the goal you want to achieve in this year.
Big question this one. Well, we’re already the biggest Music NFT platform on chain, but I think the goal this year is to finish develop the Mobile Applications for IOS and Android. We’re also releasing the highly anticipated “Listen to Earn” feature, where regular music fans can earn tokens by listening to curated sponsored songs. Moreover, we’re also working hard on bringing back the token value back up to the ATH, which was $5 back in May 2021. We’re confident we’ll get there with the new product releases we are making.
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?The story and reason ROCKI was founded is Equality. Why?
It’s no secret the current music industry greatly benefits the old school gatekeepers at the top and the mega artists who make up the 1%. ROCKI aims to be the independent musician’s most valuable launching pad and ecosystem, for the other 99%, by providing new tools and technology to level the playing field. That’s the mission we are on!We have a great distributed team, with marketing and the artist team in Los Angeles, run by Eric Y with Brandon, Vanessa and Florence. Our engineering team is in Asia, run by Ramos Ren who works out of Sydney, managing the 5 person dev team, front and backend and blockchain.
Q5. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is rockl’s approach to the NFT sector?
I think we already have seen the huge explosion of NFT’s this year and last. It’s become a multibillion dollar industry, led by the sale of collectible NFT’s and crypto art. I think Music NFT’s are the next big multibillion dollar industry, as everyone loves music on the planet, but not everyone loves art, or collectible avatars. The market opportunity in my opinion is 100 times bigger than collectibles and crypto art. Our approach is keep doing what we are doing! Having an easy to use, do-it-yourself minting protocol, allows any musician regardless of blockchain skill to easily mint and issue their songs as collectible Music NFTs on ROCKI.
We’re also bringing back the Royalty NFT, which was actually the first product we launched with. Here regular music fans can become stake holders in the future revenue that the song generates on the ROCKI platform. This is a great way for regular music fans to also earn the $ROCKI token on the platform as well.
And here we will put best questions from our members and Rocki fans:
Q1. NFT has been accused of printing and selling artwork without authorization from a number of artists. The question is, how can this be avoided in #RockiApp ? In particular when linking physical work to the Metaverse, what security measures will be taken?
Great question this one. For us, ROCKI is the leading music NFT place, so musicians issue their songs as collectibles. What we do, to prevent users from uploading music that they don’t own the rights to, (lets say they try to mint a collectible music NFT from a famous musicians like Taylor Swift or Beyonce, we scan the songs against a music copyright database, before they are allowed to be minted. We do this to double check that the users is not trying to steal a song from someone else to make money from. So we take this very seriously.
Q2. Staking is an important aspect of any project, can we stake or lend our Nfts?
How many levels/game modes are there in Rocki?Can I upgrade my armour or weapon and even level up my avatars?
Is there possiblity to determine how my own avatar should look like?
As the first music NFT platform to offer DeFi, we have both a staking feature on the platform, where you can stake tokens and share the token rewards with your favorite musicians. We call this feature “Staking for Artists” This is a great way to earn up to 70% staking rewards, and if you want, you can share those Staking rewards with your favorite musician on the platform, so they can earn more revenue streams. We don’t currently offer too many services around avatars, it’s more focused around songs as collectibles
Q3. There are many NFT game projects incorporating Metaverse today. So there should be high competitiveness in the market, and users more selective when participating in new platforms. So, what are the excellent features that make Rockiapp stand out from other blockchain projects?
As the leading music NFT platform on chain, we have several Metaverse partnerships, like for example with ToriZero game, where our Music NFT’s can be played and purchased inside their Metaverse. One of the biggest advantages we have, is that we built a very easy to use minting protocol, so anyone can issue their songs as collectible music NFTs. Then, those music NFT’s are shown inside different Metaverses to reach a bigger audience. We also have our own liquid token $ROCKI, which did really well on the open market last year, with a record all time high of $5. Most other NFT projects don’t have their own token tied into the project, which we are very excited about
Q4. NFT & Gamefi projects are trending in the crypto “Rocki “space. So, What are the various forms of NFT plates used for? Where can we buy it? What is the use case like & what is the utility?Can users trade NFT through the built-in marketplace & can it be used outside of games?
So ROCKI focuses most on Music NFTs, where the song can be issued as a collectible, with limited copies of the song available for the holder to play and listen to. We have a big secondary NFT marketplace, where these Music NFTs can be traded as well. We also have a Royalty NFT, where users can buy royalty rights for future earnings as a NFT. This is a great way for users to earn new revenue streams, when the song is generating streaming revenue. Currently, its only possibly to buy and trade on www.rocki.com , but in the future our Music NFTs will have cross chain compatibility so you can also trade them on OpenSea for example.
Q5. Greetings @RockiApp, as a collector of NFT, my question is the following Rocki NFT products, where can I buy them? in which commercial markets can they be bought? Explain these points to us, that I think it is important for the community to know them.
Our Music NFTs can be bought and traded on: https://rocki.com/nft
Right now, they can only be traded on ROCKI, where ROCKI acts like the music Player to listen to the Music NFTs that you buy. But in the near future, we will have cross chain functionality, with true interoperability potential
Q6. The NFT market is exploding and its utility is growing in popularity as the market grows. So how committed are you to building something that users really want? How can we guarantee that the NFT ROCKI will have value in the market?
good question this. Our Music NFT’s provide new revenue streams for musicians that was not there before. As the traditional music industry is broken. We’re the leading music NFT platform that launched in October 2020, so we’re very committed to continue to be the leading music NFT platform
Q7. I see no real competitors for #ROCKI in the Blockchain space right except the traditional record labels and music distributors are surely competitors to ROCKI. What strategies will ROCKI be using to displace these traditional record labels and music distributors in the sector?
Good question this. I think we are not trying to replace record labels or music distributors. But I think Music NFTs can be a great addition to the musician to use, in order to create value and scarcity with some songs, that are not going to be available to stream on Spotify or Youtube. As we all know, scarcity creates value, so if a Music NFT is only available in 50 copies for example, but 5,000 people want it, this does great in creating monetary value for the musician who is offering it. There will always be a place for record labels and music distributors, but they work great for music that is pretty much offered for free, just for marketing purposes. Those songs released that old traditional way, are not going to earn any revenue streams, as that old model is broken
Q8. Do you have a technical document If yes, please share with him Second, do you have plans for pre-sale? Now where can we join it? According to the roadmap, what are your next top priorities? Does your team have enough funds and a strong community to achieve those milestones?
good question this. Yes of course. You can read the full white paper on this link, this is a great way to learn more about the project, and all the great features we have, such as the Music NFT, Royalty NFT, Streaming as Mining, and the highly anticipated feature, Listen-to-Earn. Which works like a Play to Earn feature. https://rocki.com/white-paper.pdf
Q9. Audit plays an important role in enhancing the stability of any project. Do you have audit certificates? Or are you auditing your project to make it more secure and reliable?
Also good question and an important one. Yes, we are fully audited by BEOSIN, with Audit Number: 202106071836. Date: 2021.05.21
Completion Date: 2021.06.07
Overall Result: Pass
Audit Team: Beosin (Chengdu LianAn) Technology Co. Ltd.
Q10. Which tokens can I buy between $ROCKS and $ROCKI right now?
And where can I buy from?
Great question. so, $Rocks was the old token for the ROCKI project. But sadly, during the large ChainSwap hack back in the summer of 2021, a hacker was able to access tokens from users who used their Swapping protocol. For this reason, we stopped trading of the $Rocks token, and replaced it with the current $ROCKI token. We airdropped the new $Rocki token to all $Rocks holders on a 1:1 basis. So the old $Rocks token is abandoned (to prevent that hacker from profiting on them) and the new $ROCKI token is the ONLY token for the ROCKI Project
You can buy $ROCKI on MEXC, Bitmart, Uniswap, Apeswap for example
And this was the end of our AMA with Rocki.
You can find us here:
Telegram community :https://t.me/rockiapp