LiveOne (Nasdaq: LVO), a creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through membership, subscriptions, live and virtual events, announced today it will launch its own membership NFT token (Pending regulatory approval) joining the Cere Network and Polygon blockchain ecosystems.
Cere Network’s Decentralized Data Cloud (DDC) will power the new LiveOne blockchain platform, enabling individual content-streaming to LiveOne token holders, the technology of the new LiveOne blockchain platform. Additionally, LiveOne will collaborate with NFT platform DaVinci (a joint venture of Cere and Polygon) to enable all LiveOne creators to easily launch NFT-backed experiences.
The new currency, the LiveOne Token ($LVO), will be readily available to all existing LiveOne Members (via play to earn) and can be earned by joining LiveOne and through activities and engagement with the LiveOne platform. Activities include: signing up for LiveOne, listening to music, watching videos, chatting with other members in live streams, attending events/festivals, and pay-per-views, virtual and in-person meet and greets, as well as recommending LiveOne to others.
With over 30 million songs across 600+ expertly-curated stations, more than 300 podcasts, over 250 live events, and hundreds of live streams and pay-per-views, the opportunities for empowering creator-to-fan engagement is tremendous.
The digital marketplace is changing how artists and creators are monetizing content and connecting with their audience,” said Robert Ellin, Chairman, and CEO of LiveOne. “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.
LiveOne’s mission is to bring music and entertainment to as many people as possible around the globe, driving extensive fan-artist connections. With this upcoming NFT token initiative (pending regulatory approval), LiveOne brings NFT-driven memberships to its existing 1.36 million paid subscribers and added 699,000 members Into Its new expanded membership program in calendar year 2021.
Collaborating with Cere Network, Polygon and NFT platform DaVinci, LiveOne’s platform will offer a direct digital content monetization for live music, livestreams and pay-per-views, radio streaming, podcasts, and user-to-user engagement, powered by the LiveOne token, and is scheduled to go live in Q2 2022.
Today’s NFT offerings are barely scratching the surface of what’s to come
Fred Jin, CEO of Cere Network.
Together with LiveOne, we are turning amazing music, film, and art experiences into personalized NFT collectibles that truly deepens the artist-to-fan connection.
Live one will work with regulators to meet all requirements for approval. This will be a significant undertaking — and responsibility — and LiveOne will continue to work openly and collaboratively as the Company moves toward its goal of launching this new ecosystem in the first half of 2022.
This announcement contains forward-looking statements regarding our future product and business plans and expectations. These forward-looking statements may differ materially from actual results due to a variety of factors and uncertainties, many of which are beyond our control. Please note that the date of this announcement is January 15, 2022 and any forward-looking statements contained herein are based on assumptions that the association believes to be reasonable as of this date. The association undertakes no obligation to update these statements as a result of new information or future event.
About LiveOne, Inc
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the “Company”) is a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through membership, subscriptions, live and virtual events. As of January 2022, the Company has accrued a paid subscriber base of over 1.35 million, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, 268 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs with a blossoming simulated crypto trading platform, and has created a valuable connection between fans, brands, and bands. The Company’s wholly-owned subsidiaries are LiveXLive, PPVOne, Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. LiveXLive is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, and Twitter.
About DaVinci
DaVinci is the (first) Web3 Media & Experience Platform, as a joint venture between Cere Network and Polygon. Via creator-issued subscription NFTs, fans can unlock exclusive content that co-functions as NFT collectibles. With DaVinci, the asset that is backed by the NFT is truly and uniquely owned by the fan, stored on Cere Network’s Decentralized Data Cloud.
More information about DaVinci:
🌐 Website | 🕊 Twitter | 🔷 Facebook | 〽️ Discord | 🆔 Instagram | 🚹 LinkedIn | 🔺TikTok
About Cere Network
Cere Network is the first Decentralized Data Cloud (DDC) platform built on Substrate and Polygon. Cere is the first Web3 project that facilitates trustless cloud data storage, integration, and data collaboration across blockchain networks, as well as Web3 NFT, metaverse, and gaming content. Cere is backed by the world’s largest institutions and projects, including Binance Labs, Republic Labs, and Polygon.
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7,000+ applications hosted, 1B+ total transactions processed, ~130M+ unique user addresses, and $5B+ in assets secured.
More information about Cere Network:
🌐 Website | 🕊 Twitter | 🚹 LinkedIn | 🔺Reddit | 🔔 Telegram | 🔔 Telegram Announcement Channel
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