Asked Questions (FAQs)
What is Brots?
Brots is a mobile app that help fans to discover new artists and enables them to invest and earn royalties, through a new concept of NFT that we are developing. We empower artists with the tools to protect and sell their music to their fans through the use of blockchain technology.
What is a blockchain and how can it help artists?
A blockchain is a publicly accessible online ledger (database), that is not owned by any central authority. Once anything is set in this ledger, it cannot be modified or censored by any single authority. Blockchain technology provides the following benefits to artists:- Authenticity: When you upload your creation to the blockchain, it cannot be changed thereafter. Buyers can trust that the digital creation they are purchasing is the original and has not been tampered with, because the publicly accessible data on the blockchain is always available to verify it. Even if other people copy it (as many tend to do online with digital content), the value of your music will not degrade, as long as it can be verified on the blockchain.- Ownership: Every transfer/purchase of your music, is recorded on the blockchain. This means that there is a publicly accessible ownership history for your creations. Provenance is automated and accurate. Having a publicly accessible way to verify ownership will create more value for your creations since it'll be easier to identify infringing use of it.
Each of these benefits is inherently available to you, just by using the blockchain. Even if Brots ceases to exist, your music will forever remain on the blockchain, and forever be transferable/purchasable. Having said that, interacting with the blockchain is still quite complex. What we are offering is a service that makes blockchain technology simple, and provide its benefits to all artists.
How does Brots work?
Artists use Brots to share true ownership in their songs directly with fans.1) Artists create an NFT with embedded ownership in the master recording that produces royalties from activities such as streaming. NFTs can also include extras provided by the artist – access to exclusive communities where to connect with other fans, merchandise, exclusive contents, concert tickets... and more.2) Fans buy these NFTs.3) Brots collects and distributes royalties to all owners (artist and fans).4) Fans can also buy and sell between one another.
Why would an artist sell the ownership of a song?
Because you finally have the opportunity to gain independence from traditional deals by getting paid for your work directly from fans and biggest believers. We are creating a system where artists and fans can benefit mutually without relying on middlemen taking most of the profits.
How much will it cost to participate / sign-up?
Brots is free to download and use. If an artist wants to create an NFT a small fee will be charged on the transactions.