Digital MUSIC & ENTERTAINMENT
The CURRENT Global Recorded Music Market (includes recorded and streaming) is valued at more than $52 Billion, with estimates to rise to more than $65 Billion by 2030.
The CURRENT Global Entertainment Market (movies, TV, performing arts) is valued at more than $76 Billion, with estimates to rise to more than $100 Billion by 2030.
As there is a massive shift towards digital business and commerce, these global markets are grossly under-served in this area… until now.
The Digital Music and Entertainment Initiative led in partnership with CEO Mike Magolnick and Grammy Hall of Fame recipient, Sir Earl Toon of Kool and the Gang, is in development on the Flag blockchain with the XME Token minted in September 2023.
XME has been minted on the Flag blockchain with a total supply of 2 billion tokens as well as critical security features such as mint and destroy, anti-spam, anti-sniper, whitelist, blacklist, and wallet freezing capabilities to prevent fraud and theft.
The XME Token is being developed to support the entire Digital Music and Entertainment Initiative with the value of the token tied to the numerous projects under the music, entertainment, performing arts industry umbrellas. These projects include merchandise, events, special offers, elite experiences, sponsorships, corporate partner offers, and NFT collections. A portion of proceeds from company-managed projects will go into a pool used to support the XME token in the market.
The Music & Entertainment Initiative and the XME Token
Flag Partners with Music-Industry Legend and Grammy Hall of Fame recipient, Sir Earl Toon on the Music & Entertainment Initiative and the XME Token
Programs for Partners
We OWN the blockchain and as such, can be flexible with creating custom programs to meet the needs of companies, professionals, entertainers, and other industry participants.
Our program provides substantial benefits:
Mint and display NFTs or a custom NFT collection on Flagpole at no cost
NFTs/collections will be displayed in an exclusive area of the marketplace
Grants of XME tokens for participation (average participation grant = $50k)
Earnings from NFT pools and other XME initiative projects
Ability to tie XME and NFT programs to foundation(s) and charities
Use NFTs for sponsors, partners, events, special offers
Partners may be eligible for their own custom tokens minted by Flag at no cost
The Flag Digital Initiative project will have its own website and each program partner will have promotion and placement on the new site
Each partner will be eligible to receive their own verified, branded group and/or channel in Flag Social