DAO Backed by Deadmau5 to Launch on Multiple Platforms

Posted on by American Coins & Gold

DAO Backed by Deadmau5 to Launch on Multiple Platforms
While many musicians have used non-fungible tokens (NFTs) to connect with their fanbases, MODA DAO is using them as a governance tool for artists and their managers to control royalty contracts.The decentralized autonomous organization (DAO) is pairing its NFT music streaming platform with its governance token, $MODA, which is set for release on multiple blockchains, the company announced Tuesday.The DAO said it will release a portion of its token supply on Ethereum, Polygon, Fantom, and Near blockchains on Nov. 10.While artists have released their music and concert tickets as NFTs before, governance through NFTs in the industry remains uncharted territory.…