SingSing, a platform that connects Superfans with their best singers, has launched a new NFT platform to make the music industry more accessible and decentralized using new SingSing NTs. The platform will also work as a form of interaction between the fans and the artists as well as an exchange.
Earlier on in 2020, BPI/ERA reported that SingSing Superfans accounted for more than 10% of its population, and contributed to about 34% of the total revenue spent in the music industry.
Superfan NFT passport
SinSing has developed a SuperPass NFT that will be used as a passport in the SingSing NFT platform. The SuperPass will enable Superfans exclusive access to the services being offered on the platform.
Besides, SuperPass will also enable superfans to trade or buy different music NFTs on the launched platform. The new NFT platform also comes with a new NFTs experience where users may get a chance to be featured in music videos.
Following the launch of the new platform, more than 33 celebrities from South East Asia signed up on SingSing with more than 30 million followers and more expected to onboard.
The Team behind SingSing
The SingSing team has been successful in several accomplishments. As a team, they were able to come up with music startups, successful technologies, and the best community.
Among the success stories is the Karaoke network that has more than 1.4 million base users with approximately 500,000 new members joining every year, the team also developed the largest dating community (NOI.vn) that has over 1 million users, and also the biggest music startup in Vietnam (Nhacso.net).
The team has also won a couple of championships in technology like in the Asia-Pacific ICT award where they won a champion cup, as well as winning a champion cup in the community-2-Blockchain Hackathon that was held in Vietnam last year.
Long Vuong, TomoChain founder and also SingSing advisor, said:
“Music is always a big global market, we believe SingSing will contribute to the growth of blockchain to gain mass adoption. The team has proved its ability to build a massive community. We strongly support the project and work closely with them to help bring great values to the community.”
SingSing will now use its native token, $SING, to trade NFTs, vote, govern, breed, staking, and rank improvement for their rewards. Users will also be required to earn the token for them to join the singing contest as well as access the best community zones. These tokens can be earned by winning the singing contest or by completing the guests in those contests.