LiveOne Joins Polygon and Cere Network, Preps to Launch Membership Token

The crypto world continues to upgrade its network by reaching out to many different companies and organizations around the world. This time, creator-first, entertainment and technology platform LiveOne (Nasdaq: LVO) officially announced its plan to launch its own membership token. The Polygon and Cere Network will be the main technological partner of the platform in the space.

Robert Ellin, Chairman and CEO of LiveOne explained,

The digital marketplace is changing how artists and creators are monetizing content and connecting with their audience. As we shift to Web 3.0, we want to put the power directly in the hands of the creators and users. LiveOne has always promoted talent and fans first, and with blockchain technologies opening new doors for interaction, we are excited to offer artists and our members exclusive and deeper experiences.

To strengthen its NFT reach, LiveOne will work closely with DaVinci, an NFT platform and a joint venture of Polygon and Cere Network. This collaboration will allow LiveOne creators, talent and artists to launch NFTs and create LiveOne’s NFTs marketplace. These NFTs that the platform artist will create will be minted on the Polygon blockchain which is also compatible with the Ethereum layer two solution.

Sandeep Nailwal, Co-Founder of Polygon, said:

By leveraging DaVinci, LiveOne has the potential to transform the creator economy, offering a more egalitarian route for artists to securely monetize their content while encouraging direct-to-fan interaction. Supported by Polygon, LiveOne creators will be able to mint, transfer, and sell their creations in a low-cost, efficient, and ecologically sound manner.

In terms of technology, the membership token of the platform will be available to over 2 million LiveOne paid and free members — via play to earn, shareholders and artists. Furthermore, the token can be earned in different ways. These include activities such as spending time on LiveOne’s platform, listening to music and podcasts/vodcasts, attending events/festivals, virtual and in-person meet and greets and purchasing merchandise.

Fred Jin, CEO of Cere Network added:

Today’s NFT offerings are barely scratching the surface of what’s to come. Together with LiveOne, we are turning amazing music, film, and art experiences into personalized NFT collectibles that truly deepens the artist-to-fan connection.

In addition, users of the network can also receive a token by just simply interacting with the LiveOne platform and metaverse. What’s more, the platform will continue to unlock more benefits for all its current holders and provide great airdrop discounts.

On the other hand, the token issuances and NFT releases shall be completed in compliance with applicable laws.