❔What is CMDK

This page describes DROPcmdk at a high level.

CMDK is the Connected Music Protocol and Connected Music Development Kit, is an Open Source Web3 music project designed to evolve the music industry through new technologies such as AI, IPFS, POS L2 blockchains and various cryptographic token types. It aims to provide a more efficient and fair music distribution and monetization system accessible to all.

By leveraging industry-compliand meta-data stored on decentralized (IPFS) networks and on-chain audio registration, CMDK helps ensure secure, immutable, and transparent management of music assets. This advanced technology enables artists to have greater control over their work, with improved attribution and compensation compared to previous web3 music projects or traditional big tech intermediaries.

For musicians, CMDK enables artists to their art as Connected Digital Music creating unique digital assets that fans can purchase, trade, and collect. This opens up new revenue streams and deeper engagement opportunities. The decentralized nature of the tech means that artists can receive payments instantly and transparently, or alternatively, existing distributors can onboard catalogue in bulk to offer new revenue streams and handle workflows in a familiar way for artst and music businesses alike.

For builders and token buyers, CMDK presents an exciting opportunity to be at the forefront of the decentralized music industry. The platform's open-source nature and the availability of the Connected Music Development Kit (SDK) make it easy for developers to create bespoke applications and integrations. This fosters innovation and inclusivity within the ecosystem. Moreover, the use of the $CMDK token incentivizes participation and aligns the interests of all stakeholders. Participants can benefit from the platform's growth potential, given its aim to capture a significant portion of the $50 billion recorded music market by 2030.