Background

Corite

Corite (CO) is a Swedish music and tech startup founded in 2018 that has its own distinct approach to funding artists. It works by letting fans invest in music and get a share of streaming profits, becoming an integral and active part of the journey from product creation to implementation.

The beta version of the platform was released in October 2019 . The essence of the Corite business model is as follows: thanks to the financial support of fans, artists can independently build their careers and earn money from their own work. Fans can even get involved in the creative process and promote their favorite music. Meanwhile, artists can fund and release their music through dedicated fandom. This scheme works due to the strong connection between artists and fans.

Corite works alongside a number of prominent music industry professionals such as L.A. Reid and Charles Goldstuck, founders of Hitco Entertainment, legendary producers Rico Love (Beyonce, Usher) and Konstantin Kersting (Dance Monkey, 4000 studios) and more. Recently, Corite completed a deal with Alan Walker to release multiple tracks and help bring the "Walkerverse" to Web3.

In January 2022, Corite CO succesfully completed a $ 6.2 million private token sale round to launch the upcoming blockchain platform.

Integrationstwitter

Corite Ends BSC Staking Yield, Hints at New Token Utility

Mon 2nd Dec 2024
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

Thu 28th Nov 2024
**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.
Community article

Corite Rebrands to Robin, Shifts Focus to Decision Markets

Thu 28th Nov 2024
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.
Community article

Corite's Fan-Powered Music Funding Model Continues to Shine

Mon 21st Oct 2024
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.
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