With SPOZZ Credits it will be possible within the SPOZZ ecosystem:
1- Listen to music and podcasts in the streaming app. For each song, the user will consume one SPOZZ Credits (whose stable value is 1 cent). This means that the user will only pay according to the amount of music listened to. According to an average consumption calculation, it is estimated that SPOZZ users will spend much less money on SPOZZ than on other music streaming platforms.
2- Purchase NFTs of music: soon, users who are not blockchain savvy will also be able to purchase original copies of songs (for example) released by artists on SPOZZ. These releases may have different types of licenses, which - depending on what type of license the artist has defined - may allow followers to purchase NFTs from SPOZZ.
These releases may have different types of licenses, which - depending on what type of license the artist has defined - may allow fans to help finance the artists and get a share of the profits in return.
It is worth mentioning that fans can resell these original copies and artists can get royalties of up to 10 percent for each resale that occurs.
It will not be necessary for users to have a wallet to store these copies, as they will be in a custodial wallet on SPOZZ's platform. Beyond that, such items will appear as property of the user in his profile and he will be able to resell them even if he does not have a wallet.
It is important to clarify that, at any time, the users will be able to create his wallet, claim their copies and keep them for themselves.
3- Give tips to artists.
Below, you will see an artist page in SPOZZ, on whose banner you can see the "Send Tip" banner. This button appears on the page of all artists registered in SPOZZ.
By clicking on that button, you can send MATIC, which is one of the most popular cryptocurrencies, but you can also send SPOZZ Token (SPZZ):
By sending this token, you can send a message to the artist.
The artist, in turn, will also be able to send a message to say thank you.
That's all for this article! You have learned the different utilities that SPOZZ Credits have within the SPOZZ ecosystem.