Resource: Cryptoslate.com
11 months ago
Date: 16 Mar 2022 - 18:00

GIGCO is a brandnew blockchain music platform built on Solana that introduces instantly deployable gig contractspoised to shake up and decentralize the live music industry.CryptoSlate talked to GIGCO Cofounders Ben Kindlan and Frank de Vrijer who explained how this new trustworthy booking protocol will allow artists to take full control and ownership of their music gigs merch tickets and NFTsBen and Frank revealed all you need to know about the disruptive project ahead of the GIGCO app launch which will hit the app stores in March.GIGCO is the music community empoweredUsing instantly deployable smart contracts and the native GIG token payment system GIGCO replaces traditional booking systems and ticketing methods explained the cofounder duo clarifying how the platform will allow the artist to retail complete control and ownership of their outputlive performance merchandise tickets and NFSs NonFungible Songs.GIGCO is the music community empowered Ben concluded.The two cofounders met while traveling in SouthEast Asia. Settling in Laos they set up a chain of venues. As venue owners they discovered a supplychain issue for venues wanting to connect with artists.Ben had experienced the same problems as a professional musician said Frank explaining how this realization that both venue owners and musicians were faced with the same connection problems prompted them to find a solution.As Frank was running a web development business a tech solution was going to be the answer and the idea of GIGCO was formed added Ben.Currently the team is 10 fulltime members however GIGCO is a rapidly growing and ambitious project.We expect the team to expand in both aspects of the businessapp developmentcrypto and the IRL applications the cofounders told CryptoSlate mentioning that GIGCO recently hired a new CTO who will be coordinating with the leadership team and helping achieve their roadmap goals.With over 30 years of experience in large complex tech companies Tris Simpson also brings his extensive experience in the banking sector to the team the cofounders explained noting that GIGCO will also be recruiting music industry insiders.There are promoters agents and music management professionals who are as compelled to disrupt the gatekeepers as we are. These will be joining our Artist Liason team throughout the year they said.The GIGCO communityNonFungible Songs is the product that excites our community the most. Artists fans and the investor community are all hyped about this. We have restructured our roadmap to give this priority said Frank.By minting songs as NFTs or as GIGCO calls them NFS nonfungible songs the project came up with a solution that introduces a form of shared ownership of music and royaltiessplit between artist and fans.The incorporation of our own GIG token into the platform serves to greatly benefit the GIGCO community. The token allows users to transfer value throughout the platform without accruing large fees so we can always offer the lowest price for our services according to the cofounders.The token also allows fans to connect with and support their favorite artists directly through profile staking NFS sales and the GIGtipping function.GIGCO users attending events will be able to use the tipping function and send GIG if they were impressed with either the artist or the venue.190 million GIG tokens have been minted on the Solana blockchain and their distribution is structured to reward early adopters of the platform.GIGCO recently announced a new date for its public IDO token sale which will be hosted through Solanas first decentralized developer ecosystemSolRazr launchpad on June 24.Check out this fresh GIGCO News Update from COO Matty Gray Is that a new public IDO date I see in there GIGCOfam Solana httpst.co1sBql8bKRZmdash GIGCO GIGCOapp March 7 2022With the return of live music in mind the project announced the launch of the GIGCO app which will hit the app stores this month.Finally in May and June GIGCO will be visiting four UK citiesNewcastle Leeds Manchester and Bristolhosting events in various locations from worldfamous venues to popup stages and demonstrating the versatility of the app.The post All you need to know about the GIG token that will shake up the booking industry appeared first on CryptoSlate.

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