Machi X

Machi X Review – Unlock the True Value of Your Art

Machi X (MCX) Review

Introducing Machi X, a NFT social marketplace made by creators for creators; a collection of digital artists, musicians, and investors curating and trading art and entertainment all in one place.

The platform originated as a music copyright marketplace—that is, selling music copyrights—but after receiving a steady flow of regular customers, particularly in Asia, Machi X decided to branch out into the world of digital art too.

Now, they collaborate with many world-renowned digital artists, such as Southeast Asian-based SuperCyberTown and Batman Beyond artist Sean Chen, to offer truly staggering, unique works of virtual art.

Machi X fully supports all projects posted on their social marketplace, and the platform can also handle trading with fractional portions of art—or fractional NFTs.

Intellectual Property Protection for Machi X

Focusing on achieving the full potential of its users’ intellectual property and creative work, Machi X is the first social marketplace to publicly trade fractional portions of digital work to maximize value.

The NFT marketplace at Machi X enables creators to issue rights on their creations-such as copyright-and gives investors and collectors the chance to support the artist and own a fraction of the work.

Creators and collectors no longer need to manage many different platforms as Machi X will offer a place to patent, store, advertise and monetize your work. 

It is difficult to set a price or value for a piece of digital art or intellectual property without a secondary market and a liquidity pool. Thankfully, Machi X has unbundled and unlocked liquidity for the value of all intellectual properties on its platform, meaning it is simple to discover the true value of your work. Machi X will also help all creators to customize their NFTs for their fans.

Machi X protects the intellectual property of all work that is minted and stored on its service. This means that your work is safe and free from copyright infringement.

Machi X is making it easier for art collectors to find new pieces of art and making it easier for artists to make money with higher sales percentages and even a royalty scheme that pays every time their work is sold.

How Does Governance Work?

Machi X is governed by a body known as a “decentralized autonomous organization” (or “DAO,” for short). Publicly run, decentralized democracy: Users can vote on all proposals put forward by the owners, as well as make their own. They can also make their own proposals.

To be eligible to join the DAO, you must first own some MCX, the native currency used at Machi X (more on this later). Ensuring users hold onto their MCX instead of trading it for different tokens, Machi X gives control of the platform to those who own their coin and helps the ecosystem. In this way, active users and creators truly have a say in how the platform operates.

Those who have staked on MCX are also regularly rewarded with real cash rewards when Machi X sees a profit.

How Do Art Curation and Commission Payments Work?

Machi X has recently introduced its curator program, giving investors and creators the chance to set up exhibitions to showcase some of their NFT digital art. Exhibitions must be set around a theme, with popular recent exhibitions including VR, comic art, and anime, and curators must set the date and time and find the artists.

Artists will receive 80% of the proceeds from these exhibitions, with the DAO taking the other 20%. From this 20%, 30% will go directly to the curator of the exhibition for commission, giving the curator around 8% of the total proceeds.

All commissions are paid in MCX and curators can either use this to join the DAO, invest in more art, or simply trade it for some other currency.

What Are MCX Crypto Tokens?

MCX is the currency that is used for everything on Machi X, and it is through this coin that an ecosystem will begin to flourish. It is an ERC-20 token, which means it has real money value and can be traded on decentralized exchanges for other currencies, like the one on Bitfinex.

MCX can also be earned from sales, as a commission, or as any reward from staking.

Along with its utility use, MCX is also a governance token; holding onto it will secure your place in the DAO and let you vote on proposals. More specifically, users will receive 1 share in the DAO for every 10,000 MCX staked.

Can You Bet on MCX?

As the backbone of the ecosystem, Machi X encourages members to invest or stake some of their MCX into a liquidity pool. This liquidity can help to control price fluctuations, and it is from here that investments are made and investors are paid.

That’s right, to entice members to stake their MCX, Machi X also gives out rewards in the form of real money from the profits of the liquidity pool. The longer you lock in your stake, the more profit you stand to earn.

Machi X started only dealing with music copyrights. It was a safe and secure place for fans and collectors to trade music copyrights.

The platform still holds to this ethos and, even though they have evolved into the world of digital art, they still deal very much with music copyrights.

All music copyright tokens, along with all royalties from the songs, owned by Machi X will soon be moved into the DAO Guild Bank, giving the DAO control over whether or not to sell the copyrights or hold onto them to earn royalties.

As Machi X’s music copyrights are now traded on the blockchain, it is much easier to prove authenticity and ownership rights.

What Are MCX Crypto Tokens?

MCX is a cryptocurrency operating on the Ethereum blockchain. It is an ERC-20 utility and governance coin, being used for all transactions on Machi X and offering holders the chance to vote on any decisions the owners decide to make. The tokens can also be used for access to VIP services, trading discounts, and rebates.

Before you can do anything on Machi X, you will need some MCX, which can be acquired at UniSwap or other decentralized token exchanges-the same place where you will trade your MCX back into other currencies.

To ensure the token got off to a flying start and kept a strong value, Machi X used up to 75% of the fees collected to support the MCX token upon release. 

In-Conclusion

Riding the wave of NFTs and blockchain technology, Machi X has created a social marketplace for creating, trading, advertising, and monetizing creations and intellectual properties. Aimed at creators, curators, collectors, and investors, 

Machi X helps artists gain attention and mint their work in the digital space, along with helping investors and curators trade and set up events. The site still deals with music copyrights but operates on the same blockchain technology as its digital art, providing easier proof of ownership.

Using money earned from the ecosystem and the liquidity pools, Machi X helps up-and-coming artists by investing in and supporting 100% of projects by its art community. As a one-stop site for everything you need when it comes to trading digital art or music, Machi X is the place to be.

Key Takeaways

  • Machi X, a social marketplace made by creators for creators; a collection of digital artists, musicians, and investors curating and trading art and entertainment all in one place.
  • The longer you lock in your stake, the more profit you stand to earn.
  • All music copyright tokens, along with all royalties from the songs, owned by Machi X will soon be moved into the DAO Guild Bank, giving the DAO control over whether or not to sell the copyrights or hold onto them to earn royalties.
  • Before you can do anything on Machi X, you will need some MCX, which can be acquired at UniSwap or other decentralized exchanges-the same place where you will trade your MCX back into other currencies.
  • As a one-stop site for everything you need when it comes to trading digital art or music, Machi X is the place to be.

Further Machi X Information

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