How Dancers can earn through Royalties via Dance NFTs?
The creation of the Metaverse has been accompanied by the birth of a new form of economy; the virtual economy. This virtual economy is not a new concept, but since we are now able to engage in a new dimension, the need for this new economy has never been greater. While there are many factors that have contributed to the birth of this new economy, we believe the most important reason for this explosion in virtual economy is the creation of the Metaverse and the creation of Avatars.
Web 3.0 has been making waves in the business world, and India is no exception. With the rise of concepts like the Metaverse and non-fungible tokens (NFTs), Web 3.0 is quickly gaining ground among entrepreneurs and investors worldwide. In India, the Web 3.0 community is striving to have a more profound impact on the global landscape. Natyaverse is a unique and innovative Web 3.0 startup that is dedicated to empowering dancers through the virtual assets of NFTs.
NFTs are digital media and art that can be bought, sold, and traded. They're unique because each one is registered on a blockchain. This means that the artwork's origin and ownership can always be verified. When you buy an NFT, you're granted full licence of the work. This means you can use or display it however you want.
Choreographers can use NFTs to get paid for their dances by attributing and paying for IP usage on the blockchain. This would allow for iconic dances like the Macarena, Twerking, Stanky Leg, and the Electric Slide to be protected and the choreographers who invented them to be compensated. Moves that contribute to the cultures of dance, theatre and sports can enhance the metaverse by infusing meaning and cultural provenance to “objects” such as NFTs. This opens up different business models for recording dance using non-fungible tokens (NFT).
Natyaverse is a marketplace that allows dancers to create dance NFTs (non-fungible tokens) of their unique dance moves and claim ownership of those moves. Dancers and fans can receive royalties whenever their NFTs are traded. In addition, NFT holders get access to exclusive artist communities and privileges like meet-n-greet, merchandise, unreleased music, etc.
In an overcrowded world of social networking platforms and new companies, Natyaverse stands out. It's a one-of-its-kind dance virtual platform for dancers where everyone can come, create a digital portfolio and launch their dance moves independently. It's a place where fans, who long for some independence from major companies, can come and support their favourite artists.
Natyaverse is a place where dancers can come and create a digital portfolio. It enables fans to fund the creativity of their favourite artists and launch dance moves independently. The platform also has a gamified layer for the dancer and the fan to unlock the hidden potential of their dance moves, which then can be used by the fans to create their own dance moves, and we call it the 'virtualization of dance'!
Dancers in the Natyaverse are able to collaborate with other dancers, performers, dancers and other people who are interested in the dance world. It has allowed the dancers to build their own community and finally be able to make a living off of their talent.