The “Play to Earn” business model is one of the latest developments within the gaming industry. The business model embraces the concept of an open economy and provides financial benefits to all players who add value by contributing to the world of the game. We believe this model will be a perfect way to create an even tighter bond between artists and their fans.
Within the Corite ecosystem, both fans and artists can be rewarded financially with the Corite token $CO and non-financially with badges (non transferable tokens), as well as content and experiences (including NFTs), for adding value to the platform, the community and the music it aims to promote. Fans can engage in missions to find and promote artists and music and be an active part in the artist’s career choices.
The fan participation is incentivized on three levels:
- Revenue share from backing and other forms of ownership
- Fan missions set up by the artists and the platform
- Access to exclusive and fun content and rewards both offline and online