What is speal?

Speal is a decentralized audio platform built on the Solana blockchain. It allows artists to mint their music as NFTs (Non-Fungible Tokens) and distribute them directly to fans, cutting out traditional intermediaries like record labels and streaming services.

Key aspects of Speal include:

• NFT Music: Artists tokenize their songs, albums, or other audio content as NFTs. These NFTs can represent ownership, exclusive access, or other unique benefits.

• Direct Fan Interaction: Speal fosters a closer relationship between artists and their fans. Artists can engage with their community directly through the platform and offer exclusive content or experiences to NFT holders.

• Decentralized Royalties: Royalties are automatically distributed to artists based on smart contract terms, eliminating the need for traditional royalty collection agencies. This ensures transparent and timely payments.

• SPEAL Token: Speal has its own cryptocurrency token, the SPEAL token, which is used for various functions within the platform, such as purchasing NFTs, rewarding active users, and participating in governance.

• Music Discovery: The platform features tools for users to discover new music and artists, creating a vibrant ecosystem for both creators and listeners.

• DAO (Decentralized Autonomous Organization): SPEAL will eventually transition into a DAO, giving token holders the right to vote on the future direction and development of the platform.