Machi X is a marketplace for music copyright, In the past, a creator can’t get their royalty payout immediately, also the whole payout flow was very complicated and untransparent. Through the use of distributed ledger technology, Machi X fractionalized and tokenized music copyrights. By splitting music copyrights into smaller pieces, fans are able to collect and invest a fraction of the copyrights they like.
In this product, we have two times massively changed within 8 months. At the very beginning, Machi X aimed to become a professional cryptocurrency exchange marketplace, then transform into a fans-support platform that allows creators to sell their copyright tokens, and let supporters buy these tokens for collection and some benefits (eg: have priority to buy a concert ticket or limited contents). And then we shift to an investment product, let people invest in music copyrights.
