Corite's Fan-Powered Music Funding Model Continues to Shine
Corite's Fan-Powered Music Funding Model Continues to Shine
🎵 Fan-funded hits incoming?
Corite (CO), the Swedish music-tech startup, maintains its innovative approach to artist funding. The platform allows fans to invest in music and share streaming profits, fostering a strong artist-fan connection.
Key points:
- Beta version launched in October 2019
- Artists can fund and release music through dedicated fandom
- Collaborates with industry professionals like L.A. Reid and Charles Goldstuck
- Recent deal with Alan Walker to bring "Walkerverse" to Web3
- Successful $6.2 million private token sale in January 2022
Corite's unique model empowers both artists and fans, revolutionizing the music industry's funding landscape.
Corite Ends BSC Staking Yield, Hints at New Token Utility
Corite ($CO) has announced the termination of yield rewards for token staking on Binance Smart Chain (BSC). This strategic move aims to control token supply inflation. Key points: - Immediate end to staking yields on BSC - Token holders advised to withdraw staked assets - New utility features teased for near future *This follows the earlier shutdown of Cryptopolis and discontinuation of CPO trading announced in October.* **Action Required**: $CO holders should withdraw their staked tokens from BSC.
Robins Partners with Chromia for Base Architecture Development
**Strategic Partnership Announcement** Robins has formed a strategic partnership with Chromia to develop its base architecture. The development will leverage Chromia's experienced dApp team. **Background on Chromia:** - Layer-1 blockchain platform - Features dedicated dApp chains - Offers customizable fees - Provides real-time data indexing - Focused on enhanced user experience - Recently upgraded bridge capabilities The collaboration aims to strengthen Robins' blockchain infrastructure while utilizing Chromia's technical expertise.
Corite Rebrands to Robin, Shifts Focus to Decision Markets
The CO Foundation announces a significant transformation: - Corite is rebranding to **Robin**, an EVM-based decision market platform - Corite.com will continue as a fan companion to their new AI tool Aflow - Existing NFT royalties will run to maturity, but no new music NFTs planned - $CO token will be integrated into Robin's governance and value system Key Changes: - All community channels undergoing rebranding - Social channels being reactivated - Platform accessible at robin.markets *Note for NFT holders*: All royalty-backed NFTs remain valid until contract maturity.