A new blockchain-based music platform called Stage aims to empower musicians and fans alike through an innovative model that rewards both groups. It allows artists to upload video performances and compete in “rounds” for a chance to rise to stardom. Fans play a crucial role by voting for their favorite artists using Stage’s native $STAGE token.

The key differentiator is that artists receive 60% of the proceeds from votes cast for them by fans, in addition to 10% royalties on special “Real World Asset (RWA) Badges” that fans can collect and trade. Fans get rewarded, too – by voting and engaging on the platform; they can earn exclusive RWA Badges linked to unique artist experiences and rewards.

Stage incorporates Web3 primitives like play-to-earn mechanics, where users potentially earn rewards for participating. It utilizes AI music technology, allowing users to compete in AI music contests and create tokenized music samples, melodies, beats, and vocals.

The startup has attracted notable backers, including the Solana Foundation, RR2 Capital, Moonrock Ventures, and Cogitent. Its founders include André Cruz, an experienced musician and entrepreneur, and Geoffrey Doyen, an AI expert who formerly worked with Fortune 500 companies.

Stage will conduct its $STAGE token generation event through reputable crypto launchpads like ChainGPT, Decubate, and Eesee.