Melos Studio is about to pilot its Web 3.0 content discovery mechanism

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March 14, 2022 – Singapore, Singapore


Studio Melos, an NFT music creation platform, plans to launch a web 3.0 content discovery mechanism this year. The platform aims to design this discovery mechanism based on the web 3.0 content recommendation algorithm and apply it to the entire platform’s music NFT. The Web 3.0 content discovery mechanism can help add value to the community by helping creators create high-quality music content and making it easier for fans to access the works they want, which benefits creators of music, users and future groups on Melos Studio.

It should be noted that Melos Studios has more 800 000 registered users and 116,000 Twitter followers due to his active participation in various activities. One of the distinguishing features of Melos is its user interface, which allows users to easily enjoy music content.

According to a global NFT market research, the total NFT market value in 2021 was around $31.4 billion, while Melos studio had a monthly trading volume of over $2.7 million for NFTs. Musical NFTs in January 2022. It should also be noted that the Melos market is ranked among the top 10 NFT trading platforms on the Binance Smart Chain and among the top five in the Market DAppRadar BSC. The main content creation channel of the growing Web 3.0 industry is NFT, and Melos intends to use these NFTs to deliver high-quality music content.

The Melos studio core team conducted extensive research on Web 3.0 content and discovered that NFTs are capable of carrying various forms of content and can support GameFi characters, metaverse tools, land assets and more. again. The main feature of Melos studios content creation is NFT although the platform intends to evolve and add more features in the future, focusing on the main feature, which is NFT music.

Melos Studios is committed to being a “community-centric” platform because, in response to suggestions from the Melos community, the core team realized that a content recommendation algorithm to help users easily find their preferred musical genres was necessary. Melos is working to improve its content creation to make it more comprehensive and easy to find. As a result, the Web 3.0 content recommendation mechanism offered by Melos is a comprehensive algorithm that combines traditional media streaming operations with NFT asset data analysis statistics and Melos eco-development.

According to official sources, the Melos content discovery mechanism is made up of three components the NFT content recommendation algorithm, the wavepoint recommendation algorithm and the wavepoint recommendation algorithm. Besides these components, Melos Studios, like Web 2.0 platforms, provides music libraries and audition features to make it easy to find creators’ NFTs in the market.

Users can also perform valuable actions like subscribe, like, tip (using Melos tokens and wave points), retweet, etc. It should be noted that with the exception of tips, all of these actions are supported by Melos user traffic, and for high-quality music NFT content, Melos will provide even more traffic support in order to reach more potential users before all NFTs are sold.

Creators can use the user traffic generated from their first NFT sales as initial traffic support for subsequent sales. Simultaneously, when these sold music NFTs return to shelves, they will be used as initial traffic for the initial launch. This allows the creators of Melos to earn more money while increasing their influence in the market. It also ensures the market liquidity of these music NFTs acquired by users.

The Melos content recommendation algorithm is a complementary algorithm that uses the market effect of music NFTs as a base metric that is, the sales in the music NFT market, including the sales period, the sales price, the turnover rate and the number of music NFTs, as a basic measure. This algorithm helps the platform prevent the infiltration of lower quality content (i.e. lower quality NFTs).

The lazy minting mechanism allows creators to mint musical NFTs on the Melos market for free. Melos, on the other hand, believes that this mechanism is unfair to other creators and hopes that, rather than trying to be opportunistic, each creator can grow with the platform, increase their income, gain influence and above all, improve their creation. musical. skill.

Melos believes that the Web 3.0 content discovery mechanism will help create a lucrative revenue stream for ordinary creators.

With the introduction of its Web 3.0 content discovery mechanism, Melos Studios is well positioned to help ordinary creators create a lucrative revenue stream. Melos launched its IEO on Kucoin on March 14, 2022, and the community is very active, as are the fans of famous NFT artists.

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