CDS Press Release Stage by the Numbers: The Web3 Revolution in Music [RAW]
Press Release

Stage by the Numbers: The Web3 Revolution in Music [RAW]

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Stage by the Numbers: The Web3 Revolution in Music [RAW]

Top Features of Stage’s Web3 Revolution in Music

Stage is not just an innovative platform; it’s a thriving community with impressive metrics that showcase its potential and growth. As we approach the $STAGE token launch on June 24th, 2024, let’s take a look at the numbers that highlight Stage’s success and future prospects.

User Engagement

User Engagement

Stage has rapidly grown its user base, thanks to its unique combination of music, technology, and community engagement. Here are some key figures:

  • Active Users: Over 43,000 active users are currently engaged on the Stage app.
  • Sign-ups: We have 65,000 total sign-ups, with more joining every day.
  • Social Media Reach: Our community includes over 70,000 followers on X, 100,000 on Telegram, and a thriving Discord server.

Artist Participation

Artists are the heart of Stage, and we’ve seen significant interest from musicians worldwide:

  • Artist Applications: Over 10,000 artists have applied to be part of Stage, with 200 artists carefully curated for our MVP launch.
  • Global Reach: Our ambassadors, including Tohi, Jerry Heil, and Gola, have substantial fan bases that help us penetrate new markets and attract a diverse range of artists.

Funding and Investment

Stage by the Numbers: The Web3 Revolution in Music [RAW]

Stage has secured robust funding from top-tier investors, ensuring our growth and development:

  • Total Funding: $2.4 million raised to date from venture capital firms and business angels.
  • Key Investors: Backed by Solana Foundation, Kraken US CEO, RR2 Capital, Moonrock Ventures, and Cogitent Ventures, among others.

Market Potential

Stage is tapping into a lucrative and growing market:

  • AI-Generated Music: The market for AI-generated music is projected to reach $2.5 billion by 2032.
  • Talent Show Engagement: Over 39.5% of the world’s population tunes into music talent shows, with 10%+ of Americans purchasing SMS votes for shows like American Idol.

Revenue Projections

Our economic model is designed for sustainable growth, with multiple revenue streams:

  • Voting Revenue: By 2027, we anticipate one-third of our revenue will come from in-app voting.
  • NFT Royalties: Two-thirds of our revenue is projected to come from NFT royalties, leveraging the growing popularity of digital collectibles.

Tokenomics

Tokenomics

The $STAGE token is central to our ecosystem, offering various utilities and benefits:

  • Utility: Fans use $STAGE tokens to vote, unlock further artist content, and earn rewards for engagement.
  • Supply: 10 billion tokens will be available at the Token Generation Event (TGE), with a burn mechanism from in-app votes to ensure long-term value.

Community and Engagement

Our community-driven approach has been pivotal to our success:

  • Engaged Users: Our active user base participates in music competitions, shares content, and interacts with artists, driving platform growth and engagement.
  • Loyalty: By rewarding genuine engagement through our airdrop campaigns and exclusive rewards, we build loyalty and foster a supportive community.

Future Milestones

Future Milestones

Stage has a clear roadmap with ambitious milestones:

  • Android App Launch: Expanding our platform to Android users to increase our reach.
  • AI Competitions: Introducing AI artist entities and features by Q4 2024 to support innovative music creation.
  • Blockchain-Powered Competitions: By Q1 2025, we will introduce blockchain-powered competitions, ensuring transparency and security in voting.
  • Artist Success: By 2026, we anticipate the first artist discovered through Stage to reach one billion streams on Spotify, showcasing the platform’s impact on artists’ careers.

Join the Stage Revolution

The numbers speak for themselves. Stage is a rapidly growing platform with a dedicated community and significant market potential. As we prepare for the $STAGE token launch, now is the perfect time to join us and be part of the future of music.

Stay Informed and Get Involved:

Experience the future of music with Stage. Be part of the revolution. 🚀🎵

Stage by the Numbers: The Web3 Revolution in Music [RAW]
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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