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Recently, I noticed some activity on a music platform—Kay Tse’s new song shot up to No. 2 on the Tencent Music Chart, and Paul Wong’s cover of an AI-composed piece is also selling quite well.
This platform, called FIR, has already released 200,000 songs and has reached 16 million daily active users. Interestingly, users can earn token rewards just by listening to music here.
Their revenue model works like this: the copyright income generated by songs goes into a staking pool, which is then distributed to users. Judging by its market performance, the project’s current market cap is in the several millions range, but trading volume has already seen a 20x increase.
The combination of a “listen-to-earn” mechanism, introduction of celebrity IPs, and copyright revenue sharing is a new experiment in the Web3 music space. For those interested in the intersection of music copyright economics and AI creation, this case is worth watching for future trends.
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Huang Guanzhong covering an AI song? This is a bit intense, haha.
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20x trading volume increase... Whether it's hype or real demand remains to be seen.
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Copyright dividends sound nice, but will it just turn into another worthless token?
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16 million daily active users—let's wait and see if that's true.
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It's listen-to-earn mining again. Hard to say how long this model can survive on-chain.
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AI-composed music is selling this well? Didn't expect such high acceptance.
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The staking pool allocation seems fair, but I'm just worried about the day they run away.
But the AI covers by Paul Wong are kind of interesting. How will copyright be defined in the future?
Transaction volume up 20x sounds impressive, but with just a market cap of a few million... I’ll stay on the sidelines for now.
What’s really valuable should be those 16 million daily active users. Whether IP introduction is solid or not will decide its fate.
Listen-to-earn dividends? Yet another airdrop scheme for a new token. Wake up, man.
A catalog of 200,000 songs is actually pretty mediocre. The quality is questionable.
How transparent is the revenue distribution for copyrights? Just talking about it sounding good means nothing.
Still feels like a gambling game. Anyone going all in should be more cautious.
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20x trading volume growth... Wait, is this real demand or just another round of hype? Gotta check the real daily active users.
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Even Paul Wong is starting to use AI for composing. These days, musicians have to learn to compete with machines for a living.
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Is the copyright revenue sharing reliable, or is it just another empty promise?
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Kay Tse jumped to second place? Then their recommendation algorithm must be something special.
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Boasting about 20x growth with just a few million in market cap—let’s talk when it actually takes off.
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I can believe in mining by listening to music, but I’m just worried the tokens will be concentrated in early players’ hands, and those who join later will just be left holding the bag.
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Even Paul Wong is doing AI covers now—these days, you really can Web3 anything.
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16 million daily active users sounds scary, but I bet only a handful actually make money.
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20x trading volume growth sounds explosive, but with a market cap in the millions, the base is still tiny.
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Dividend pools for staking aren’t new; the key is how long it can last before collapsing.
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Kay Tse probably got pushed to second place just by the hype, but the platform really does create stars.
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Wait, is this really just a music platform, or is it another disguised crypto project?
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Distributing copyright income to users is actually a decent design—more legit than pure cash grabs.
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AI composition + Web3 + celebrity IPs—all the right ingredients are there, just depends on sustainability.
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If 16 million DAUs are for real, the scale is impressive, but the authenticity is questionable.