Chooky, the pioneering Ethereum-based ecosystem, is proud to announce a groundbreaking initiative that will forever change the music industry. With a unique fusion of autographed NFTs via the Chooky Blockchain Record label and the immersive ChooChoons music streaming platform, Chooky introduces $CHOO, a royalty and revenue-sharing protocol that stands as a beacon of innovation in the cryptocurrency space.
Chooky, led by ‘Papi,’ its visionary CEO, has embarked on an extraordinary journey within the Ethereum network. It functions as both a record label and a music streaming platform, offering NFT owners unprecedented royalties from songs released via their record label. Unlike traditional record labels, which typically allocate only 10% of revenues to the artist, Chooky is committed to giving back to its ecosystem holders. Here’s how it works: NFT owners receive a 10% royalty, while an additional 10% is allocated for buying back and burning $CHOO tokens for every song released in collaboration with Chooky. The team has ambitious plans to release up to 10 songs by the end of the year, featuring some of the most renowned artists in the industry, ensuring consistent passive earnings for holders and contributing to the deflationary nature of the token through buybacks and burns.
The debut song released under the “Chooky” label, featuring relatively unknown artists Elesia Iimura and OT, achieved remarkable success:
400,000 streams on Spotify.
50,000 views on YouTube.
Over 210 organic videos on TikTok.
“Chooky Challenge” trending on Instagram.
Featured on World Star Hip Hop, Hype magazine, ThisIs50, and BreakfastClub.
Live radio interview on iHeart.
Featured in World Gyms globally.
Excitingly, the Chooky Anthem is set to be remade and re-released with a highly respected artist who boasts songs on Spotify with over 500 million streams. Each stream on Spotify generates a substantial $4,600 in royalties for the artist, ensuring steady income for Chooky and its ecosystem holders. The Chooky team has ambitious plans to release numerous songs, some of which may evolve into potential hits over time, featuring highly regarded musicians in the industry. This will provide substantial external revenue for distribution to holders and contribute to token deflation through buybacks from royalties.
Once the Blockchain record label is firmly established, Chooky intends to integrate an advertising and subscription model into its existing free music streaming platform, ChooChoons. The revenue potential is astronomical, especially as user numbers grow. This on-chain model will be seamlessly integrated into their upcoming marketplace, working in tandem to generate passive income for holders and further enhance the value of the $CHOO token. To put this into perspective, Spotify generates over $4 billion annually, with the closest comparison being Audias, which achieved a market cap of over $2 billion during the bull run.
The Chooky ecosystem has already delivered several exciting developments that are publicly available, with more planned for the near future. Notable highlights include a collaboration with a DC comic artist for Music royalty NFTs and a meme coin animation series in partnership with Squidgrow and Volt Inu.
In conclusion, Chooky presents an unprecedented level of innovation, offering passive earning opportunities through music royalties, external buyback and burn pressure, NFT sales, advertising via Choochoons, subscriptions, concert ticket sales, merchandise, and other revenue sources, all contributing to the growth of the $CHOO token’s volume and value. This innovative approach positions Chooky for substantial growth in market cap over the coming months and years.
Papi, CEO of Chooky LLC (A United States Registered Corporation), provided a direct quote for this release: ” $CHOO is a royalty and rev sharing protocol which the crypto industry has never seen before. Chooky has the right team, community, and support from a combination of respected Web2 and Web3 companies. This is an innovative ecosystem like no other. Pioneering physical assets and autographed Nfts via the Chooky Blockchain Record label and ChooChoons music streaming. Get ready and join the $CHOO $CHOO train! “
For more information, please visit:
Website: Chooky-inu.com (https://Chooky-inu.com/)
Media Contact: Crypto Kid Finance LLC
Chooky is an innovative Ethereum-based ecosystem comprising a music label and a music streaming platform. It introduces a unique royalty and revenue-sharing protocol, $CHOO, which stands as a beacon of innovation in the cryptocurrency space. Through autographed NFTs, Chooky offers NFT owners unprecedented royalties from songs released via their record label, with a portion allocated for buying back and burning $CHOO tokens. Chooky aims to revolutionize the music industry while providing consistent passive earnings for its ecosystem holders.
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