Musicdibs (DIBS)

Musicdibs ($DIBS Token) is the leading platform for protection and monetization of music, providing security through the use of blockchain and DePIN technology, coupled with innovation for artists. It positions itself as a representative of a whole new era for the music industry in the Web3 space. 

The rapid growth rate has positioned Musicdibs well to be among the most prominent candidates for some of the most prestigious acceleration programs and funds within the Web3 ecosystem, but not limited to: Binance Labs, CMC Labs, Coinbase Venture, and A16zCrypto, all with good prospects in the next years of 2024-2025.

🤑 $DIBS Token

The DIBS Token offers numerous utilities being a means for global registration and protection of the works on the blockchain, payment of licenses, among other exclusive attributes. Built on the low-cost, fixed supply network of Solana, it guarantees efficiency at a low transaction cost. 

Moreover, being deflationary in nature increases its long-term value and provides sustainability to the ecosystem. Beyond protection, Musicdibs opens up innovative ways for fans to engage with their favorite artists and the ecosystem. It is how the future may look like for the music industry in the Web3 era: innovative, advanced in technology, and with complete control by creators over their art.

The token’s main applications include:

• Registration of works: Artists can, at the same time, make use of the $DIBS for the payment of registration fees on their works through the platform, whereby such registration will be carried out with speed, security, and accessibility anywhere in the world;
• Content creation: With $DIBS, users will be enabled to access AI modules for Musicdibs creation, editing of all types of works, and collaboration with other artists;
• NFT Creation: $DIBS grants artists the ability to make their registered works into NFTs for monetization and management of ownership.

💸 Musicdibs expects a successful raise of $2.47M from its ICO funding rounds. The project’s first ICO Presale started on October 14, 2024, with the goal to raise $550K from it (allocating 10M tokens).

✅ Musicdibs’ pros:

• Low FDV ($5.5M);
• The project has already raised ⅓ of the expected total raise;
• Has reputable partners such as Amazon Web Services and IBM Hyperledger;
• Good SMM coverage;
• Above-the-average PR performance;
• The team seems to have a decent work experience; 
• Average Influencer Marketing
• The team has presented a detailed roadmap and tokenomics.

❌ Musicdibs’ cons:

• High Initial MarketCap/FDV rate (44%);
• High Token Monthly Average Inflation rate (7.125%);
• No public info about fundraising from reputable investors;
• Has no public Security Audits;
• Below-the-average Search Engine Optimization;
• Weak Growth Marketing;
• Marketing Infrastructure is absent;
• The team isn’t active on social media.