Exploring the Future of Music Royalties with $mbUSD
We are thrilled to announce the launch of our first $mbUSD testnet campaign on Plume.
This initiative marks a significant milestone for Music Protocol’s product - $mbUSD. We are introducing $mbUSD, a tokenised bond backed by future music royalties, to the Web3 space.
Our collaboration with Plume, a leading network dedicated to RWA, is designed to provide a seamless and secure experience for both music rights holders and onchain investors.
What is $mbUSD?
$mbUSD is the first tokenised bond introduced by Music Protocol, advancing how music royalties are managed, invested in, and traded.
This digital asset represents a stake in future music royalty cash flows, offering liquidity and security that traditional real-world asset investments often lack.
The launch of $mbUSD on the Plume testnet is important in demonstrating the potential of tokenised music royalties. Through this campaign, users can interact with the $mbUSD dApp, test its functionalities, and experience first-hand how music royalties can be tokenised, traded, and managed.
How to Participate
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Get Started: To join the $mbUSD campaign on Plume’s testnet, users can mint native ETH and gnUSD+ tokens on the Plume test network through the provided faucet.
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Swap Tokens: Once you have gnUSD+, head to the Music Bond app to swap your gnUSD+ for $mbUSD.
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Engage and Earn: We are launching a campaign where participants can earn Plume Points by engaging with us on social media and interacting with the $mbUSD dApp. These points can lead to rewards and recognition within the community.
A Partnership for the Future
Our collaboration with Plume aligns with our mission to bring real-world assets onchain securely, transparently, and efficiently. Plume’s infrastructure and commitment to RWA make it the ideal partner for launching $mbUSD. Together, we are setting the stage for a new era of music investments, where digital assets and traditional music royalties intersect.
Join us on this journey and be part of transforming the music industry with innovative financial products.
The future of music royalties is here, and it’s more interactive and inclusive than ever before.