Music meets block chain technology through ISO platform, Celestial City, which seeks to empower creatives Eswatini and in Africa, as a whole.
Initial Song Offering platform, Celestial City has entered into a strategic partnership with the Government of Eswatini. Celestial City will be a gateway into block chain technology for Eswatini. It will act as a bridge between traditional technology and the future of technology in the Kingdom of Eswatini.
Eswatini representative for Celestial City, Mr Tammy Dlamini met with Mr Stanley Dlamini of Eswatini National Council of Arts and Culture as well as the Minister of Sports and Culture, Hon. Minister Madze Bulunga to discuss the initiative that Celestial City plans on bringing into Eswatini and have both expressed satisfaction to the nature of the project.
“We are excited for the future of our Youth; the harmony between creativity with technology to usher us into a new era” – Mr Stanley Dlamini of Eswatini National County of Arts and Culture.
Celestial City is headed by Dr. Nkechi Newton, who is a former Vodacom Executive, CMO, Tamara Johnson, who currently also serves as a Global Creative Marketing executive at Netflix, CCO, Lise Wessel, who is one of the co-founders of Meld, CSO, Sahil Dhingra from Blockwiz and Head of Artist Relations, Ron Telford, who is co-Founder of Concord music and manager to Grammy Award Winner Walshy Fire from Major Lazer.
Arcade are strategic advisors on Celestial City and will aid in the development of its ecosystem.
‘’Music is energy that brings people together, and Celestial City is going to make it possible for talented artists to spark a new era of collaboration and creativity.’’ – Kevin Oakeson, Co-founder and CBDO, Arcade
This is a new era of technology that will change the course of history and the Celestial City project will play an integral role in this.
How Metaverse platform works:
This unique platform is a one-stop-shop for artists and music lovers alike allowing music fans to participate in profit sharing and royalties of music by upcoming as well as renowned artist and creatives.
Artists: Will be able to upload their upcoming releases to Celestial City dashboard and offer a percentage of their music royalties to fans, via offerings. Every song uploaded by artists will include a preview for the fans to listen to, alongside with the full details of the song.
Fans and Investors: Will be able to purchase $CLST tokens-and stake on the platform in order to participate in the initial song offerings (ISO).
Celestial City: Releases music to Digital Service Providers (DSPs – Spotify, Apple Music, etc.) who will pay the artists upon music release per stream and send payments back through Celestial City dashboard.
Ultimately the platform distributes payments via smart contract, in stable coins to each fan that has bought offerings, as well as the artists involved.
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