The TAO Network, its cryptocurrency, and the TAO of Music are coming.
According to its press release, the TAO Network is a smart contract DAO platform for creating and operating decentralized applications is currently offering an opportunity for the cryptocurrency community to invest in the ongoing crowdsale.
The TAO Network is built on a solid foundation with a range of enhancements that make its blockchain more versatile and robust. By using IntelliTx technology, TAO Network offers a content agnostic way of creating smart contracts on the platform, irrespective of the protocol. The user-friendly, privacy-centric platform already has one of the many use cases built in the form of ‘the TAO of Music’.
The TAO Network has made 30 million TAO tokens available for the ongoing month-long crowdsale. Rest of the tokens are allocated for development, marketing and community building exercises. The platform has announced that the value a TAO token will not be more than $1.00 during the crowdsale.
The TAO of Music project is created by a team of futurists and developers to protect and secure artists’ content over a long period of time. TAO of Music is operated as a distributed autonomous organization that can act as a bond between competing blockchain based solutions by various music publishing administration companies. TAO Network achieves this by creating an interoperable design that can work irrespective of the format of blockchain implementation currently adopted by artists.
The TAO of Music has the chance to revolutionize the music industry by finally giving artists a greater stake in their careers by establishing a public ledger for legal access to their catalogs, regardless of who owns the rights.
If the TAO Network is able to live up to the hype, it has the potential to be the next big thing in cryptocurrency and smart contracts.
Kamal Hubbard is a lawyer by training who is certified in Fraud Examination, Cybersecurity, and Decentralized Finance.