Corite (CO) is a blockchain-based platform that allows fans to invest in music and share in streaming profits, enabling a unique fan-funded approach to supporting artists. More
| Fully Diluted Valuation | $242,312 |
|---|---|
| 24H Trading Volume | $18 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 219.37 M |
| Total Supply | 1,000.00 M |
| Max Supply | 1.00 B |
| Categories | BNB Chain Ecosystem 2 more |
|---|---|
| Founder | Mattias Tengblad |
| Website | corite.com |
| Socials | 6 more |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Bscscan 2 more |
| Contracts |
0x936....dc8d6
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| Name | Pair | OG Score |
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Corite (CO) is a Swedish music and tech startup that allows fans to invest directly in their favorite artists and share in the success of their music. By using blockchain technology, Corite gives fans a unique way to support artists financially while earning rewards, making them a part of the artist's journey.
How Does Corite Work?
Corite offers a platform where artists can create campaigns to raise funds for their music projects. Fans can back these campaigns, using the money to help promote the music and engage with their audience. In return, fans receive a share of the revenue generated by the artist’s streaming profits.
The platform also offers various ways to monetize fan power, such as through limited edition music NFTs, digital merchandise, royalty shares, social tokens, ticketing for events, and tipping for exclusive content.
The Play-to-Earn Model
Corite includes a play-to-earn feature that allows fans to participate in missions to promote artists and music. These missions might involve staking tokens, which can be used in prize pools. Fans can earn rewards in the form of Corite’s native token, $CO, or other non-financial rewards like badges and exclusive content.
What Makes Corite Unique?
Unlike traditional music distributors, Corite offers a fan-funded model where fans play a significant role in an artist's success. They can invest in campaigns and earn a share of the streaming revenue. This approach makes fans more than just listeners—they become investors, supporting the music they love while having the potential to benefit financially.
Corite's Growth and Success
Launched in 2018, Corite has grown rapidly, with over 120,000 users and successful partnerships with major industry names like Alan Walker and L.A. Reid. The platform has raised millions in funding and is continuing to expand its reach globally.
Who Are the Founders of Corite?
Corite was founded by Mattias Tengblad and Emil Angervall, both with extensive backgrounds in music and tech. Mattias has worked at Universal Music Group and in the esports industry, while Emil brings years of experience in digital marketing and creative direction.
How Secure is the Corite Network?
Corite ensures the platform’s security by working with Peck Shield, a leading blockchain security company, to audit their smart contracts. This provides users with confidence that their investments are secure and transparent.
Corite (CO) offers a fan-funded platform where fans can invest in artists and share in their streaming profits. Unlike traditional music distributors, Corite allows fans to directly support their favorite artists and earn rewards for their participation in campaigns.
Corite (CO) was founded by Mattias Tengblad, a former executive at Universal Music Group, and Emil Angervall, an experienced creative director in the music and tech industries.
Corite (CO) has attracted investors such as Coin98, Kyros Investment, Shima Capital, and Rarestone Capital, along with support from music industry professionals like L.A. Reid and Alan Walker.
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