Animal Concerts: Next Generation Of Live Performances In Metaverse

The era of digitalization and tech innovations have opened the world of opportunities for the music industry, especially the sudden rise of virtual music concerts.

The transformability of virtual concerts has brought a new type of interactive experience, breaking the limitations on space and concept. Animal Concerts project is one of the earliest pioneers acknowledging the immense potential of virtual concerts and putting efforts to level up the online entertainment experience.

Animal Concerts us Making Change Real

Animal Concerts aims to address two significant current issues - the dramatic reduction in artist earnings and the lack of engagement between musicians and their followers. The project is focused on bringing infinite connections and ideas to live concerts and festivals, through a combination of distributed ledger technology, cryptocurrencies, virtual reality (VR), and Non-Fungible Tokens (NFTs).

The pandemic has made a hit in the music industry. Musicians and artists who previously embarked on concerts tours and live performances are now struggling to maintain the interaction with their supporters.

The worst part is album sales decrease. Animal Concerts will host and promote live shows within the metaverse. Its purpose is to assist artists in establishing a strong relationship with their fans as well as in developing their own communities. The global audience can interact with artists constructed as virtual personas or avatars by participating in virtual performances.

Animal Performances has hosted and promoted live concerts for a number of well-known musicians, including Alicia Keys for her album KEYS, Grammy-winning rapper Future, and Busta Rhymes.

Animal Concerts is also planning to release in-house cryptocurrency, non-fungible tokens (NFTs), merchandise to top recording artists. It is a groundbreaking step in the music industry when compared to other NFT-centric initiatives.

Power to The Artists!

Artists can use the decentralized platform to create their own NFTs and sell them to fans without the need of a middleman. Animal Concerts' goals with the NFT are to leverage blockchain technology to transform the music industry. Copyright is transferred from record labels to artists, and tracks are digitized in the form of NFTs and sold to maximize revenue for them.

In addition to issuing NFT tickets, the platform allows artists to customize experiences such as exclusive discounts, early access, backstage access, and voting options on track. Not only do performers gain cash, but participants can also earn incentives merely by participating in the events. This approach is known as "Watch-to-Earn," and it rewards active users in the ecosystem.

Well Connected and Growing

Animal Concerts have developed strategic partnerships with numerous popular investors in the industry such as ZMT Capital, Synapse Network, Starter Capital, Metrix Capital, Interstellar Ventures, BMW Capital, Arkn, Amesten Capital, Greenhorns Capital, Brotherhood VC, and many more.

Other prominent backers are Polygon and Klaytn, providing ecosystem grants including operating support, critical analysis, leadership network support, as well as Netvrk, Vera, and GlobalStar.

The project stated in February 2022 that it had successfully raised $6.75 million in private funds and $800,000 in token sales. The network is powered by the native token $ANML. The entire supply of tokens is 625,000,000, which will be distributed in various portions. The token distribution is as follow:

● Completed Raise (WANG) - 1.59%

● Private Round A - 5%

● Private Round B - 10.91%

● Launchpads - 1.5%

● Liquidity/Exchange Listing - 5%

● Team/Advisors - 20%

● Ecosystem CT/Development - 20%

● Reserve - 36%

$ANML serves as a utility token, providing holders with benefits related to the project. In Animal Concerts' marketplace, the token will be the primary medium of exchange for purchasing tickets, NFTs, and other items.

Additionally, tokens can be used to collect NFTs. Anything, from tickets to collectibles, can be an NFT on Animal Concerts. Members will have an unlimited number of chances to obtain NFTs.

Open to Everyone

Fans can purchase tickets using Animal Concerts token in order to get special deals and discounts. Animal Concerts also collaborates with ticketing platforms such as Ticketmaster to provide the greatest offers for fans and members.

Apart from the utility role, $ANML will give members the ability to vote and propose important decisions in accordance with the system’s development. Token holders can also grant early access to new releases, limited edition goods, complimentary tickets, and other exclusive materials and collectibles.

Tokens are used to incentivize users for their contributions to the network's growth. The community can vote on how profits are allocated, in addition to usual rewards like staking for contests and the opportunity to determine how profits are redistributed - a percentage of profits can be redistributed or burned.

Music, entertainment, and everything else relevant is making their way into the Metaverse. The music industry has been eager to incorporate Web3 technology.

This evolution has altered not only the way music is performed, but also the way fans interact with the industry. Animal Concerts is one of the industry's new frontiers, striving to revolutionize the industry and deliver a unique musical experience.

From NFT music platforms to metaverse festivals, NFT adoption in the music business is increasing at a rapid pace. It is not surprising that future concerts or music festivals hosted by platforms such as Animal Concerts will shape the future of live performances. The music industry's involvement in NFTs is still in its early phases, with plenty of possibilities for expansion!