MusicLife Foundation

What MusicLife Foundation does

MusicLife Foundation is a Singapore-registered non-profit organization, partnered with MusicLife Co. Ltd. in Japan, that operates a blockchain-based music ecosystem designed to tokenize rights, redistribute revenue from listening rather than from copyright ownership, and enable secondary trading of music shares. The platform is built on a dual-token model: MitCoin (MITC), an Ethereum-based ERC-20/ERC-223 digital currency used in every transaction and conferring governance-style rights to holders, and MusicToken (MSCT), which represents full music rights once a song reaches 50,000 playbacks and entitles holders to 100% of daily song income. Underlying technology comprises a free Software Development Kit (SDK) for distribution partners, an embedded hardware system (led by MusicLens Audio Glass) intended to verify playback data, and the Music Exchange — described as the first AI-priced music exchange — where music is automatically priced and traded based on real-time listener activity.

The platform serves three primary customer groups: musicians and individual artists, record companies and music production companies (which license content and benefit from per-play economics instead of traditional copyright valuation), and music listeners/users (who can acquire music shares and earn virtual dividends from plays). Distribution is anchored by the Echo music app, the first SDK partner, reported to have 30 million users worldwide, and by hardware sales including the "Mine Machine" MITC mining device. Go-to-market has been community-led, scaling from a 100,000-participant Telegram airdrop in three days in 2018 to over 600,000 cumulative airdrop participants by July 2018 and 50,000+ MITC mining users by late 2019.

The revenue model is multi-stream: transaction fees on the Music Exchange, hardware sales of mining devices and MusicLens, and a profit-share with SDK-distributing software partners. The operating entity is a non-profit foundation that licenses content from musicians in exchange for transferring copyright in favor of publicly accessible music, supported by a single disclosed $5 million funding round led by Metropolis VC in August 2018, with 1–10 employees as of the most recent data.

Name

MusicLife Foundation

Legal name

MusicLife Foundation

Website

https://musiclife.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

MusicLife Foundation operates a blockchain-based music ecosystem that tokenizes music rights via dual MITC/MSCT tokens, prices songs on an AI-driven exchange using real-time listener data, and serves musicians, record labels, and listeners through SDK, hardware, and exchange partners.

Ownership category

akta.pro rank

Product category

Blockchain Music Platform

NAICS

Music Publishers (512230), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210)

SIC

Services-Computer Programming Services (7371), Phonograph Records & Prerecorded Audio Tapes & Disks (3652)

akta.pro primary industry

Micro-Licensing & Direct Licensing Platforms (UGC, SMB venues, online uses) (MPAIAKAJ)

Keywords

• Blockchain music platform
• Music rights tokenization
• Music exchange trading
• Digital music currency
• Music playback verification

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Music Share Trading: Users can purchase music shares automatically when paying for music. For larger trades, shares are bought and sold through the Music Exchange platform with AI-generated pricing based on playback data.
2. Hardware Mining Devices: Sale of mining hardware (Mine Machine) that generates MITC tokens. Includes MusicLens audio glasses as first playback hardware connected to the system.
3. Music Distribution via SDK: Software partners access the platform through free SDK integration and share in profits generated from music purchases, creating a mutually beneficial ecosystem.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

MusicLife Foundation operates a blockchain-based music ecosystem consisting of a Software Development Kit (SDK), a hardware-embedded playback verification system, and the Music Exchange trading program. The platform rebuilds music pricing based on real listener activity using a dual-token system (MitCoin/MITC and MusicToken/MSCT) and AI-powered valuation. Musicians, record companies, listeners, hardware makers, and software developers participate in the ecosystem, with MITC holders treated as platform owners sharing in income distribution, asset appreciation, and election supervision.

Product overview

MusicLife is a blockchain-based music ecosystem operated by the Singapore-based non-profit MusicLife Foundation. The platform comprises a Software Development Kit (SDK), hardware embedded system (MusicLens Audio Glass), and the Music Exchange trading program. It uses a dual-token system: MitCoin (MITC) as the primary digital currency and MusicToken (MSCT) for music valuation. The first integrated software is the Echo app (30M users), which enables users to earn MITC through community engagement. Music pricing is determined by an AI-powered system based on real listener data rather than traditional copyright valuation.

Differentiator

Problem solved

Functional benefit

Brands

• MitCoin (MITC): Digital currency used in every transaction on the MusicLife platform. MITC owners are MusicLife owners and share rights including income distribution, asset appreciation, election supervision, and special usage.
• MusicToken (MSCT)
• MusicLens Audio Glass
• Echo

Products and services

• MusicLife Platform A blockchain-based music ecosystem comprising a Software Development Kit (SDK), hardware embedded system, and music trading program. The platform tokenizes music rights and uses a dual-token system (MITC and MSCT) for music valuation based on actual listener data.
• Music Exchange The world's first AI-priced music exchange where users can buy and sell music shares. Trading prices are automatically calculated by AI based on real-time music playback data, enabling users to trade based on current market valuations. Songs reaching 50,000 playbacks can be publicly traded through MSCT tokens.
• MitCoin (MITC) Digital currency used in every MusicLife transaction. MITC holders are MusicLife owners with rights including income distribution, asset appreciation, election supervision, and special usage privileges.
• MusicToken (MSCT) Token used for music valuation and trading. When a song reaches 50,000 playbacks, it can be publicly traded through MSCT. Users with full music rights via MSCTs receive 100% share of the song's daily income.
• MusicLife SDK Software Development Kit for music playback software to access MusicLife and distribute music. Access is free for approved music software to become distributors and jointly build the music ecosystem, sharing in profits from music purchases.
• MusicLens Audio Glass The first playback hardware connected to MusicLife. Uses an embedded system to access playback hardware and calculate music played over time, ensuring credible and non-falsifiable playback data from real-time listeners.
• Mine Machine Hardware device that generates MITC tokens through mining, enabling users to participate in the MusicLife ecosystem and earn platform tokens.

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• BISS ExchangecoreTechnology or Integration · 1 January 2019Cryptocurrency exchange where MITC token is traded. MitCoin (MITC) is ERC20 Token powered by Ethereum. Partnership enables liquidity for platform token holders.
• MusicLenscoreTechnology or Integration · 1 November 2018First playback hardware connected to MusicLife system. MusicLens Audio Glass is an audio product that connects to the blockchain music ecosystem for MITC mining. Also provides hardware access for playback data verification.
• Echo Music AppcoreTechnology or Integration · 1 July 2018First music software to access MusicLife SDK. Provides innovative media services with 30 million users worldwide. Users can earn MITC by checking into the Echo fan community and use MITC within the Echo system. Partnership enables MusicLife's music distribution ecosystem.
• Metropolis VCminorOthers · 1 January 2018Mentioned as a partner logo on the MusicLife website. Venture capital firm associated with the ecosystem.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Royal: Web3 music platform that lets fans buy royalty-bearing ownership in songs via tokens issued on Ethereum. Directly comparable to MusicLife's MSCT concept of tokenized song rights with income distribution to holders.
• Audius: Decentralized, blockchain-based music streaming platform that tokenizes artist rights and rewards listeners/creators with its AUDIO token. Directly comparable to MusicLife on the music-streaming-meets-web3 axis, though Audius focuses on streaming rather than tokenized music rights trading.
• Opulous: Blockchain-based music platform offering artist loans, NFT music ownership, and tokenized royalty streams on its OPUL token. Comparable as a blockchain music-rights platform targeting independent artists and record companies.
• BitSong: Blockchain music platform with its own BTSG token, providing decentralized music distribution and royalty payouts to artists. Closely comparable to MusicLife on the token-driven music distribution model.
• Musicoin: Blockchain-based music streaming platform using smart contracts to pay artists directly and reward listeners via the MUSIC token. Directly comparable to MusicLife's listener-rewards and artist-payout architecture.

Broad incumbents

• Spotify: Global music streaming incumbent with a vastly broader catalog and user base. Not a direct competitor on tokenization, but relevant as the dominant mainstream platform whose economics MusicLife's model is positioned against.

Emerging players

• Decent: Decentralized content distribution network originally built for music and video, using blockchain-based micropayments. Comparable on decentralized music distribution and payment rails.
• Resonate: Music streaming cooperative using a 'stream2own' model where listening converts into ownership equity for listeners. Overlaps with MusicLife's concept of listeners earning/owning a stake in the music they consume.
• Catalog: Music NFT marketplace and platform where artists can issue 1:1 or limited-edition tokenized tracks. Comparable overlap on blockchain-based music rights distribution.
• Sound.xyz: Web3 music platform enabling artists to release songs as NFTs and offer collectibles to fans. Comparable in tokenized-music distribution, though focused on collectibles rather than ongoing rights/royalty trading.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/musiclife_mitc
• Facebookfacebook.com/musiclife.block

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MusicLife Foundation