Music Industry News Network [08-10-2014]

Digital Goods Store For Indie Artists A Reality With A CCEDK And NXT Partnership

MI2N www.mi2n.com
A new digital goods store powered by second-generation cryptocurrency NXT and supported by international exchange CCEDK, will allow independent musicians, game developers, writers and artists to reach new markets and keep 100 percent of their revenues.

The NXT Digital Goods Store (DGS) is set to launch in the second week of August, offering an exciting new platform for independent artists to sell their material. A partnership with Danish exchange CCEDK will make it easy for prospective customers to buy NXT, a popular second-generation cryptocurrency, enabling them to get started in this innovative and powerful marketplace.

NXT and CCEDK

The Digital Goods Store is built on NXT, a versatile and feature-rich cryptocurrency. Cryptocurrencies are a suite of new technologies that allow users to send money directly between each other over the internet, quickly, securely and almost for free. Whilst most cryptocurrencies are restricted to money transfer alone, however, NXT has developed the concept to allow transfer and trading of any digital asset – including media files. The result is a platform that allows musicians and other content creators to deal directly with their customers, rather than relying on expensive middlemen.

The partnership with CCEDK is a natural one, for more than one reason. Aside from offering the easiest path from dollars and Euros into NXT, the Digital Goods Store’s in-store currency, the exchange’s CEO Ronny Boesing worked in the music industry for 25 years, travelling the world to distribute and publish music, games, videos and other digital media. Boesing established CCEDK earlier this year, and says that the transition from music distributor to cryptocurrency trader is not as large as it might appear.

‘It might seem like a big jump, but the difference isn’t really that great,’ says 48-year-old Boesing in an interview.

‘I am a pioneer in spirit, and all my life I have made my income getting out there to the rest of the world, in places and countries no one else thought profitable, trying to sell a product.’

The advantages of decentralisation

In this partnership between NXT and CCEDK – which will offer buyers and sellers of digital content a full path into and back out of NXT from their own currencies – Boesing has come full circle. There’s one big difference, though: his profits will come from sales of NXT on CCEDK, not from music and other media. That’s because the Digital Goods Store is designed as a decentralised service: anyone can use it, since it not controlled by any one company or individual. There are no fees for listing products. That means both artists and their customers will see better value.

‘Most digital media stores take a big commission from their artists,’ says Dan Kindly, NXT marketing associate.

‘If you’re struggling to get started, that can represent a real barrier to your career. NXT’s Digital Goods Store allows anyone to list their tracks for free. They get to keep 100 percent of the revenue. That’s money that can go back into marketing and development, or be returned to customers, rather than ending up in the pockets of a big corporation.’

Apple famously takes a 30 percent cut of iTunes subscription sales. By contrast, the only cost of using NXT’s DGS will be the 1 NXT transaction fee, currently around $0.04 – and this is likely to be reduced to 0.1 NXT in the future. (Everything within the NXT ecosystem is priced in its native currency.)

Getting started

In the coming weeks, users will be able to access a range of digital media on the NXT Digital Goods Store, including games, apps, music, videos and ebooks.

You can download the NXT client, which includes the Digital Goods Store, for free at [url=www.nxt.org]www.nxt.org[/url]. NXT can be purchased for dollars or Euros from [url=www.ccedk.com]CCEDK[/url], or exchanged for Bitcoins and other cryptocurrencies.

About CCEDK:

CCEDK (Crypto Coins Exchange Denmark) is a new and promising exchange that has made a strong commitment to reassuring traders and promoting confidence in their services in the wake of the Mt Gox collapse and other similar scandals. Launched on May 26, the exchange is seeking to go above and beyond the call of duty to make trading both secure and cost-effective, by adopting a range of measures to boost liquidity and protect traders. Among these measures is a 1,000 bitcoin pool to ensure that its first traders will be able to match their orders while the user base grows.

CCEDK has made moving funds on and off the exchange a priority, offering a number of different currencies and means of transferring money. There are options for Danish, Swedish and Norwegian Kroner, Swiss Francs, US Dollars, Pound Sterling and Euros. Additionally, users can move cash by SWIFT wire transfer, SEPA transfer or SOFORT payment facility.

http://www.ccedk.com (http://www.ccedk.com/) is an online trading platform of digital currencies order-to-order, on which seller and buyer meet to perform their transactions peer-to-peer from crypto to crypto or fiat to crypto or vice versa.

The company is registered in Denmark on March 20th 2014, a country in the EU, under the name CCEDK / Crypto Coins Exchange Denmark ApS, providing exchange services of crypto currencies like BTC, LTC and PPC paired with the fiat currencies USD, EUR, GBP, NOK, and DKK in a safe, secure and transparent environment.

Payment services are provided on the basis of SOFORT instant pay system, SEPA transfers, Wire transfers and various alternative payment service providers.

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If you would like more information about this topic, or to schedule an interview with Ronny Boesing, please call +45 36 98 11 50 or e-mail Ronny at ronny@ccedk.com

Source: http://www.mi2n.com/press.php3?press_nb=176341

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