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What is KOLO music NFT
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[QUOTE="KOLO Music NFT, post: 206043, member: 66722"] Blockchain's first classical music NFT platform launch NFT not only became the focus of much mainstream media discussion, but also reignited the industry's enthusiasm for blockchain. The music industry was one of the most anticipated areas of application when blockchain entered the mainstream in 2016. KOLO, the decentralised NFT music trading platform incubated by KUKE, has officially launched. Come and know about KOLO Music NFT! [B]About Kolo Music[/B] KOLO music library has collected the vast majority of classical music works and versions in the world because KOLO Music has licensed musical works and contents from internationally renowned classical record labels such as Naxos, Marco Polo, Capriccio, Grand Piano, Ondine and Orfeo and etc.KOLO music library gathered music works of more than 9,000 artists from the Middle Ages to the modern times, with more than 100 musical instruments involved. The total number of the audio recordings has reached nearly 3 million tracks, which includes jazz, world , original soundtracks, new century music and other music genres. As the global strategic partner of Naxos, KOLO has a strong and long-standing cooperation with Naxos, who is considered the largest independent classical music label in the world. [B]Continuous Value[/B] The record company has minted the artwork as a "non-fungible pass" for an exclusive, limited release. Investors will receive continuous income. [JUSTIFY][B]Decentralization[/B] No need to register an account, trade directly using your wallet app. KOLO does not hold your funds while trading and you have 100% ownership of your own cryptocurrency、NFT. [B]Ecological Play[/B][/JUSTIFY] KOLO's Unique NFT is based on existing music works and is sold in a British auction way. Based on the works in Unique NFT, KOLO released Tape NFT in unlimited quantities and used a tiered pricing system. Sales proceeds on KOLO will be prorated to the respective Unique NFT holders. Tape NFT has the ability to bind any Non-Fungible Token and give them music attributes. KOLO is not only committed to solve the problem of decentralized, traceable and immutable properties of music on the blockchain, but also is devoted to solve the problems of confirmation, protection and management of the music copyrights, improving the efficiency of royalty payment, and protecting the rights and profits of musicians. At the same time, KOLO's vision is to become the blockchain standard of classical music, cultivate the consumption habit of paying for digital music, build a beautiful music ecological environment, expand the global territory of digital classical music works, and become the core competitive advantage in the music consumption space. [/QUOTE]
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