Transforming ownership in the music industry - empowering artists and fans

点击翻译按钮获取中文摘要

TOMI, short for 'transforming ownership in the music industry', is a game-changing new way of funding recordings, leveraging advanced digital technologies including blockchain.Our logo is inspired by the fast-forward symbol because we want to fast-forward the relationship between artist and fans, and fast-forward the music industry into a new era of ownership.Our technology will allow fans to fund the recordings of their favourite artists, and in return, they can share in the value of what they've helped to create.This resolves key issues for music creators, who have historically been subject to exploitative record deals, which recently triggered a UK Government inquiry.Lead by an experienced interdisciplinary project team comprising technology experts and music industry leaders, the innovation enables artists to earn a better living, control how their music is used and avoid assigning rights away in perpetuity.Fans also benefit from new ways to engage with their favourite artists, empowered to decide who gets to record, helping to democratise the future of music.The UK has always enjoyed producing leading music artists, and we hope that our innovation can help new UK based talent thrive domestically and prosper on an international scale.