FANSI to Launch Innovative Music NFT Experience Based on ERC6551 Technology, Complete the Original Intention of web3 Music Player.
FANSI, a music NFT platform dedicated to incubating Web2 and Web3 music artists, has announced the launch of a groundbreaking music NFT experience using the latest ERC6551 technology to achieve decentralized streaming services. This initiative promises a transformative revolution for the music industry while enriching users’ experiences and interactions with music NFTs.
As a forward-looking platform, FANSI has been committed to providing innovative distribution and promotional methods for music artists. By adopting the ERC6551 technology-based solution and leveraging music NFTs as the underlying carrier, FANSI aims to integrate musicians’ collections, monetization, and interactive applications within ERC6551, gradually enabling the music industry to embrace the possibilities of DID (Decentralized Identifiers) and making music NFTs stackable on-chain assets with accumulated credentials.
The ERC6551 technology is designed to turn each NFT into a smart contract wallet, allowing it to own tokens and interact with dApps within the Ethereum ecosystem. In addition to this, it introduces the concept of music NFTs as playlists and albums. FANSI will utilize the advantages of ERC6551 and combine them with existing MetaBoom NFTs, providing music NFT industry players with enhanced functionalities, liquidity, and experiences.
The ERC6551 music NFT experience launched this time will further enhance the existing web3 music playlist feature of MetaBoom NFTs. Users can not only enjoy music NFTs in playlist format but also utilize ERC6551’s functionalities to achieve true multi-asset ownership. This will turn MetaBoom into the concept of web3 music albums, significantly increasing its tradable value and liquidity. In the envisioned future web3 music application scenarios, everyone can accumulate value on music albums created with ERC6551 through on-chain interactions and historical records. For example, if a music album created by Musician A using ERC6551 is collected by a Bored Ape Yacht Club (BAYC) whale, and they also invest in some Ape coins or other music NFTs to empower it, the value of this BAYC whale’s ERC6551 music album will far exceed the original value of Musician A’s creation. The ongoing contributions made by this whale to the ERC6551 music album make it more unique and effectively dilute the impact of price fluctuations in the NFT market, strengthening the value accumulation and user motivation for NFT ownership.
In terms of visual presentation, FANSI introduces a new scene with the styles of “Mixer” and “Music Control Panel ‘’ to represent the ERC6551 technology. This will be a unique form of ERC6551 MetaBoom and will support all music NFTs on the Polygon network. FANSI intends to reward web3 music supporters with the opportunity to mint their own ERC6551 NFTs for free, further enriching their music NFT collections. The development and emergence of ERC6551 technology will bring new possibilities to the music NFT field, and complete FANSI’s initial thoughts on MetaBoom initiative. The future holds high hopes for more innovative uses of ERC6551 to benefit numerous FANSI users.
Lastly, FANSI has recently announced exciting bonus reward activities as a gesture of appreciation and gratitude towards its vast user base and supporters. Stay tuned to FANSI’s official website and social media channels for detailed information and participation guidelines. Don’t miss this excellent opportunity to share a unique music experience with music enthusiasts worldwide!
