What is Voice Street and what is it hoping to achieve?

VoiceStreet (VS) is a music-based NFT platform with the following goals to build the world’s largest NFT platform for Music copyrights, Music IP and NFT derivatives, Artists related IPs, and NFT GameFI. We provide an easy to use platform built on the Web3 on-chain infrastructure making music creation and distribution more efficient and productive. VS’s business model empowers musicians who for the past 100 years have been at the mercy of the likes of Record Companies, Streaming Platforms and other players who have squeeze Musicians’ revenues leaving them in most cases with less than 20% of the revenue generated by their work. Example today is that Musicians main source of income comes from touring, about 75%, leaving musicians with few revenue stream sources. Unlike centralized music platforms who focused on already well established popular Musicians with a large fan base, VoiceStreet also focused on supporting independent musicians helping them integrate with online communities, offline performances and personal branding in order to achieve fan-based realization, value growth, content innovation in order to achieve a win-win ecosystem for musicians and fans both. VoiceStreet does not try as other platforms to challenge streaming platforms but works through innovation of NFT Music technology remaining complementary to ecosystems already in place. Music copyright fragmentation and its trading as well as music IP derivative value development through GameFi are the at the core of VS’s business model. VS business model intends to create a two way interactive revenue model between musicians and their fans as well as an inclusive ecosystem for DPGU owners to benefit from VS’s library of songs which will be accomplished through IMOs (Initial Music Offerings)

That all sounds awesome, can you also go into what Daffy Panda Ganging Up is?

Daffy Panda Ganging Up is a limited edition NFT series developed by VS Music NFT Platform. The Ark of Panda is a music community game within the VS Platform. VS holds an inventory of songs that comes from all the Musicians who are part of VS’s artists pool. Therefore VS licenses all songs under contract for later use in the DPGU game. In the Ark of Panda Game DPGU owners will enjoy free access to songs under the Voice Street platform’s copyrighted song library. In addition VIP gamers can earn additional revenue through the secondary markets of NFTs music props. Regular community members on the other hand, need to pay to use the songs on the Voice Street’s music copyright library. Musicians besides uploading and selling their original music can also get additional income through a series of derivative income models.

From CryptoPunk and BAYC, there are already a lot of NFT projects in the market, what is special about Daffy Panda Ganging Up?

There are 3 main aspects of VS’s business model which make Daffy Panda Ganging Up special 1) the music properties of DPGU, being a first of its kind GameFi Music based. 2) Our team has put a lot of thought into the future development of DPGU especially on how GameFi evolves In the future Metaverse. 3) Our strong cooperation with celebrities and IPs. DPGU is the a vertical integrated business under VoiceStreet Music NFT Platform. VoiceStreet being a Music NFT’s platform evolves into DPGU as a music based game. Out of 10,000 DPGU avatars, we set aside 500 for musicians so they can play the game, hold virtual concerts within the ecosystem of the game, release music successfully while expanding their fan DAO communities DPGU is the glue of our community and the vehicle to navigate VoiceStreet’s universe. DPGU is the first of its kind music based game built on blockchain. Our association with Celebrities, IPs and the future celebrities to come from Music NFT Platforms will enhance the value of our game. We have already announced some partnerships with famous e-sports players, musicians and KOLs, and we plan to pursue co-branding with Olympics and e-sports champions, celebrities and KOLs as time goes by.

It sounds like Daffy Panda Ganging Up has a lot of things planned for the future, you mentioned earlier that the game part is probably the most special and important part of DPGU, can you tell us more about your game?

Our game is called Ark of Panda, and it’s a new blockchain-based, music-themed, community-based game. The story is set in the year 2122, quantitative easing around the world has caused a financial crisis that has led to the collapse of the economy coupled with the demise of the planet due to mankind’s greed for natural resources. DaffyPandas must find a new planet to carry on human civilization. In order to better adapt to the new planet, 10,000 brave warriors are selected and invited to the Ark of Panda, these warriors are genetically modified to become Daffy Pandas who can move around and to any planet. With all the imaginable attachments of human civilization. The Daffy Pandas travel to the furthest galaxies to start a new life after the collapse of civilization on Earth. Each Daffy Panda in the Ark of Panda will have seldom attributes which contain props and special items, players evolve and build their own bands, write their own songs and perform in concerts, go into politics, medicine, or start a company and build a business empire. Ark of Panda uses the Play to Earn mode and also posses the Invite to Earn game mode. Enhancing thus their revenue stream.

As an NFT integrated with blockchain games, the blockchain head game Axie Infinity has achieved success through a good set of economic models, do you have any special settings in your design on Gamefi?

We hope to make Ark of Panda an invitation-based game, somewhat similar to clubhouse, therefore an all inclusive game platform. DPGU have certain features. 1)DPGU owners can directly enter the Ark of Panda, other players need to be invited to enter, and only DPGU owners have the right to invite others into the game 2) As a DPGU owner, you will enjoy a revenue percentage mechanism from all cities within the ecosystem of the game, allowing DPGU players to gain more attributes while earning more revenue. 5% of their earnings of those invited into the game will go to those who brought guests into the game.

As an NFT integrated with blockchain games, the blockchain head game Axie Infinity has achieved success through a good set of economic models, do you have any special settings in your design on Gamefi?

Play to earn is a solid business model within blockchain games.The Play to Earn business model has a long history in traditional games, such as World of Warcraft. Where a group of players earn money by selling equipment or gear. In blockchain games, this model has been upgraded and players can earn real money by playing games with cryptocurrency-based assets (NFTs). At DPGU, we have set up the following types of earning models 1)prop trading: by obtaining in-game equipment items and then selling them to other players for the benefit of their upward minting NFT 2)tasks to be completed completed to gain rewards 3)Dao governance: players participate in-game elections and related activities through DAO governance voting to gain rewards 4)Mining: Players get the license to operate by pledging Tokens, and earn Tokens through performing tasks 5)Achievement rewards: Players achieve and realize certain milestone and get rewarded 6)NFTs pledges: Players can borrow NFT through banks within the game, and get rewarded. We intend to realize a self-circulation economic system within the game through all these earning models. For blockchain games, it is very important to have a good mechanism to generate revenues through tokens. We have a natural advantage because we are a blockchain game derived from the VoiceStreet Music NFT platform, and the token circulating in the game is also VST, and there are a lot of quality music copyright works in VoiceStreet Music NFT platform. Music IP solves the problem of a single revenue pipeline

Besides the Ark of Panda game, does Daffy Panda Ganging Up have any further development plans and initiatives?

As I mentioned above, we believe that for a NFT to succeed is key to build stickiness within its ecosystem through community consensus. Our goal is through the GameFi, music IPs, virtual online concerts, DAO community, NFT props, IP co-branded images and other games, we can well serve the owners of DPGU and still attract a large number of new users.

I am a huge fan of NFTs, can you go into more details about music based NFTs?

NFTs are innovative digital assets born out the development of blockchain technology. Projects who issue NFTs should regard NFTs as a mean, not the end. NFT products may generate certain topics and enthusiasm in the short term for the sake of NFT itself, which is of little significance in the long run. The majority of NFT products on the market today are still at the early stage of “digital consumer products”, with only a single value which is known as the value of the collection. The most basic requirement for a product to have collectible value is scarcity. NFTs, makes the production, releasing and distribution of music more effective and provide Music derivatives development. Voice Street provides an easy-to-use and effective blockchain digital music infrastructure to digital music creators, musicians, artists, and singers, through the creation of a digital music NFT distribution platform. It enables digital music creators and copyright parties to complete the distribution and transaction of digital music NFT copyright products quickly, efficiently and safely though blockchain technology. Users invest in music NFT products and NFT copyright products from their favorite music creators, and profit from copyright trading. As a platform, Voice Street provides creators, investors, publishers, or record companies with transparent music ownership rights recorded on the blockchain, and through our “original copyright Staking and Yield Farming”, part of the profit is returned to the Staking pool. This way, we protect the value of NFT copyrights and the rights and interests of NFT owners.

What are the advantages for an artist/musician to upload their music to Voice Street Platform?

Voice Street is committed to being a global Music IP Derivatives NFT Platform, providing easy-to-use and complete blockchain digital music infrastructure to digital music creators, and making digital music creation and distribution efficient and productive. In order to better help Musicians and creators enter the blockchain-crypto world where one must be not only able to adapt to new technologies and create visual’s works etc. At VoiceStreet we have partnered with music studios, AI companies, digital artists, gaming studios in order to better assist Musicians and all creators achieve their dreams. For unknown musicians Voice Street is a platform to showcase their works. Through Voice Street’s easy-to-use and perfect blockchain digital music infrastructure, they can easily and conveniently release their NFT works on the platform and thus connect with their fan base and anyone in the world. For certain well established musicians, Voice Street offers its unique way to securitized music through IMOs (Initial Music-Copyright Offerings) and all the other revenue models already mentioned.

Can you explain the music copyright Staking and mining model?

At present, the most important use case of NFT lies in the online preservation, circulation and collection of artworks, and some projects have started to explore NFT-fi, the main channels include using NFT as collateral, splitting NFT for issuance and so on. IMO (Initial Music- copyright Offerings) is our own unique way to promote staking. Fragmenting Music copyrights, can be complemented with Defi Staking and the Yield Farming model. I can use 3 examples to illustrate Example 1: A star needs to release a new song, according to the normal process, he needs to find a record company first, record companies pay for recording and promotion costs after the recording is completed, streaming media platforms are needed for distribution thus finally reaching fans and consumers. In this model, most of the revenue (more than 70%) will belong to the streaming platform and the record company By fragmenting music copyright NFT, a star through Voice Street can release an IMO (Initial Music- copyright Offerings), raise funds through an NFT Platform the and therefor fund the recording of their music and after the release and distribution of their music. Diversification of risks and lower costs of production is a win win proposition. Example 2: For most independent musicians, most of them have their own group of loyal fans, and their biggest dream is to officially release a song, but most record companies are not willing to take the risk to pay the cost of song recording and distribution. NFTs platforms solves this issue as well. Example 3: The cooperation between record companies and streaming platforms is usually in the form of packaged licensing, e.g. tens of thousands of songs are licensed for a fixed licensing fee. Which means that record companies hold many copyrighted songs with low value. Or in other words you have a huge inventory of non performing assets. Through IMOs (Initial Music- copyright Offerings), they can participate in secondary trading of their works enhancing their revenue streams. After the music copyright IMOs are completed by Voice Street, the income of the music copyright works will be returned to the corresponding pledge pool by buying back VST in the secondary market. At the same time, through GameFi, Live house online concerts, DAO community, multiple music IP derivatives maximize the value of NFT copyrights and the rights and interests of NFT owners.