Team GreenOverMorrow from Morocco wins with a smart energy management solution to set the energy transition of agriculture in motion
The winners receive a 10,000-euro cash prize
HONG KONG SAR – Media OutReach – 6 July 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, announced Team GreenOverMorrow from Morocco as the winner of Schneider Go Green, an annual competition that invites university students from around the globe to share their ideas for innovations that can help make the world cleaner, more inclusive, and more sustainable.
Spearheaded by Abir Werzgan, Hajar Werzgan and Omrane Derhy, Team GreenOverMorrow was awarded the title in recognition of their automated greenhouse solution: an IoT and AI-enabled, XaaS (Everything-as-a-Service) solution using solar panels alongside grid and crop data to reduce energy losses, save water and cut carbon emissions.
The judging panel, made up of senior executives from Schneider Electric and AVEVA, was particularly impressed by the applicability of the winning solution and the passion shown by the winning team to have a positive impact on farming in their region.
The judges congratulated all the finalists for their outstanding work, insightful presentations and the immense energy they showed. They commented that “Team GreenOverMorrow’s winning solution combines optimized energy management with a subscription service business model and can potentially unlock more sustainable food production, not just in Morocco, but in other parts of the world.”
The winning team, who are students at ENSAM University of Casablanca and Mohammed VI Polytechnic University in Ben Guerir, will receive a 10,000 euro cash prize. Seven other teams – each representing a different region– made it through to the final round of the competition. All participants received mentorship to help them fine-tune their ideas and pitch to the judges.
“With so many challenges now facing the planet – both environmental and social – we all have to help create a positive impact,” said Charise Le, Schneider Electric’s Chief Human Resources Officer. “Change doesn’t always have to be big-bang and top-down. In fact, innovations like these – targeted, grassroots and small-scale, but also bold and impactful – are an important part of the overall solution. It’s our responsibility to help them become a reality.”
First launched in 2011 by Schneider Electric, and now run in collaboration with the industrial software company AVEVA, Schneider Go Green has expanded rapidly over the past decade. In 2022 alone, more than 22,200 students from 200 countries registered for the event, and more than 3,700 submitted innovative ideas that fitted into the competition’s five categories: Access to Energy, Homes of the Future, Global Supply Chain of the Future, Grids of the Future, Decoding the Future.
The full list of finalists can be found here. For more details about the competition, go to gogreen.se.com.
Schneider Electric’s sustainability commitments, including those connected with fostering the next generation, are here, and more about sustainability at AVEVA can be found here.
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
About AVEVA
AVEVA is a global leader in industrial software, sparking teams’ ingenuity to drive responsible use of the world’s resources.
Over 20,000 industrial enterprises rely on AVEVA to help them deliver life’s essentials: safe and reliable energy, food, medicines, infrastructure and more. By connecting teams with trusted information and AI-enriched insights, AVEVA helps them engineer smarter, operate better and drive growth and sustainability. AVEVA’s secure industrial cloud platform and applications empower businesses to not only optimize their own enterprises, but also improve collaboration with their extended ecosystem of customers, suppliers and partners.
Named one of the world’s most innovative companies, AVEVA supports customers with open solutions and the expertise of over 6,400 employees, 5,000 partners and 5,700 certified developers around the world. With operations around the globe, AVEVA is headquartered in Cambridge, UK and listed on the London Stock Exchange’s FTSE 100.
Singapore – Media OutReach – 6 July 2022 – Real estate private equity firm Gaw Capital Partners today announced the appointment of Mr.Nitin Gupta as Managing Director and Head of India at Gaw Capital Partners. Mr. Gupta will be based in Mumbai, India.
Nitin will spearhead Gaw Capital Partners’ foray into India market, building a professional team on the ground to capture attractive investment opportunities across real estate spectrum. His exceptional leadership, market relationships and transaction structuring experience for over nearly three decades in India will be invaluable for building a scalable and successful business in India for Gaw Capital Partners.
Prior to joining Gaw Capital Partners, Nitin worked as Managing Director and Head of India – Real Estate with Macquarie Asset Management business. Nitin worked with Macquarie Group for over 14 years in a few roles including Head of India for Macquarie Capital business. During his term with Macquarie Group, Nitin led market leading transactions of more than US$7 billion, and advised global investors on their investments into India. Prior to joining Macquarie Group in 2008, Nitin worked with PricewaterhouseCoopers (Corporate Finance Division) for 10 years and Industrial Development Bank of India (Merchant Banking Division) for over 4 years. Nitin has a strong track record in transaction sourcing, structuring, fundraising, and successful transaction closures of nearly three decades.
Nitin received his Bachelor of Commerce degree from the Shriram College of Commerce, Delhi University, India, and has professional degrees of Chartered Accountant (Gold Medalist), Cost Accountant and Company Secretary.
Hashtag: #GawCapitalPartners
The issuer is solely responsible for the content of this announcement.
About Gaw Capital Partners
Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.
Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC and education. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.
Gaw Capital has raised seven commingled funds targeting the Greater China and APAC regions since 2005. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia Hospitality Fund, a European Hospitality Fund, a Growth Equity Fund and provides services for credit investments and separate account direct investments globally.
Since 2005, Gaw Capital has commanded assets of US$35.2 billion under management as of Q1 2022.
Invigorating Intelligent Industrial Transformation and Boosting I&T Development in Hong Kong
HONG KONG SAR – Media OutReach – 6 July 2022 –The Centre for Artificial Intelligence and Robotics, Hong Kong Institute of Science & Innovation, Chinese Academy of Sciences (“CAIR”) and the Hong Kong Productivity Council (“HKPC”) today announced the establishment of CAIR – HKPC Joint Laboratory (“Joint Lab”). The Joint Lab will leverage the strengths of the two renowned organisations to develop innovative solutions for industries and institutions, and help enterprises tackle the challenges they face when adopting artificial intelligence (“AI”) and robotics technologies. The Joint Lab will be a leading force in fostering smart manufacturing and industrial upgrading and transformation in Hong Kong, and will strengthen the momentum of a booming innovation and technology (I&T) sector to become a new growth engine for the city.
(From left) Dr Bo XU, Director of CAIR and President of Institute of Automation, Chinese Academy of Sciences; Prof. Dong SUN, Secretary for Innovation, Technology and Industry, HKSAR Government; Dr Hongbin LIU, Executive Director of CAIR; Dr Ming GE, General Manager of Robotics and Artificial Intelligence Division of HKPC, Mr Mohamed BUTT, Executive Director of HKPC and Mr Edmond LAI, Chief Digital Officer of HKPC, take a group photo to commemorate the establishment of the CAIR-HKPC Joint Lab.
Built upon CAIR’s prestigious standing with its leading R&D capabilities and HKPC’s wealth of expertise in the implementation of intelligent manufacturing and strong network with Hong Kong industry stakeholders, the Joint Lab is strategically positioned to act in concert with national-level policies in AI and Robotics related industries and fully tap the market potential of the Guangdong-Hong Kong-Macao Greater Bay Area. The Joint Lab aims to deepen the collaboration among industry, academia and research institutes, accelerate technology transfer of research achievements in AI and Robotics, and promote the development of related industries through joint R&D projects and exchange programmes. Based on the actual needs of enterprises, the Joint Lab will provide R&D and innovative applied technology solutions in fields including intelligent systems, intelligent equipment, intelligent robots, digital modelling and analysis technologies, as well as customised automatic equipment and advanced manufacturing solutions and intelligent product development services. This is the first joint lab that CAIR has launched with a Hong Kong statutory organisation, with a distinct focus on technology transfer and applications of scientific and technological breakthroughs.
Prof. Dong SUN, Secretary for Innovation, Technology and Industry of the Hong Kong Special Administrative Region Government; Dr Bo XU, Director of CAIR and President of Institute of Automation, Chinese Academy of Sciences; Dr Hongbin LIU, Executive Director of CAIR; Mr Mohamed BUTT, Executive Director of HKPC; Mr Edmond LAI, Chief Digital Officer of HKPC; and Dr Ming GE, General Manager of Robotics and Artificial Intelligence Division of HKPC, attended the ceremony. Dr Hongbin LIU, Executive Director of CAIR and Dr Ming GE, General Manager of Robotics and Artificial Intelligence Division of HKPC, signed the agreement on behalf of the two partnering organisations.
The Joint Lab will have its presence at CAIR and HKPC Building, advancing cooperation in these key areas:
The application of large cross-modal pre-training AI models for industrial scenarios and other organisations
Human-computer interaction technology, including the application of tactile sensor technology, image processing, for industrial scenarios and other organisations
President Xi Jinping, during his inspection tour of Hong Kong on the occasion of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, attached great importance to Hong Kong’s strengths in innovation and technology and its significant role in the nation’s advancement. He expressed high expectations for those working in the sector. President Xi’s support is inspiring to the I&T sector. Hong Kong will adhere to President Xi’s instructions, as the city strives to become an international innovation and technology hub, strengthen the collaboration among industry, academia and research institutes, and fully integrate into the nation’s overall development.
Dr Bo XU, Director of CAIR and President of Institute of Automation, Chinese Academy of Sciences, is delighted about the partnership with HKPC. He said, “The CAIR-HKPC Joint Lab fully embodies the strengths of both organisations, with CAIR’s leading research capabilities and HKPC’s cutting-edge expertise and solid experience in providing innovative solutions and applied technology services for Hong Kong enterprises. CAIR is positioned to develop into a world-class innovative research institute, a global powerhouse for top talents, and a hub for I&T cooperation and exchange. President Xi has expressed strong support for Hong Kong’s I&T development. We will draw guidance and inspiration from President Xi’s instructions and will implement the innovation-driven development strategy with steadfast focus. As Hong Kong’s booming I&T sector has gained more vigour and momentum for rapid development, CAIR will enhance our research capabilities in pioneering fields such as basic theory of new-generation AI, new human-computer interaction technology, advanced health-oriented robotics technology, and cross-modal open-source AI platform technology. CAIR will also provide staunch support to innovative collaboration among industry, academia and research institutes. With full confidence in our nation’s prowess in innovation, we will pay close attention to the latest development of frontier technologies worldwide, strive to achieve key technological breakthroughs, and contribute to developing China into a world leader in science and technology.”
Mr Mohamed BUTT, Executive Director of HKPC, said, “This is the first time that HKPC has worked closely with the nation’s top-notch research institute to set up a joint lab. We are very honoured to have this great opportunity. Going forward, HKPC will follow President Xi’s instructions, sharpen our core strengths to support more Hong Kong enterprises to enhance competitiveness through innovative solutions, advanced technology, talent development and government funding, with a view to promoting smart manufacturing and industrial transformation and upgrading in Hong Kong. As the chairing organisation of the Guangdong-Hong Kong-Macao Greater Bay Area Productivity Promotion Service Alliance, HKPC will redouble our efforts to accelerate the implementation of joint projects in AI, Robotics and Big Data with other esteemed partners including the Hong Kong University of Science and Technology; the Department of Automation, Tsinghua University; and Shenzhen Data Exchange. In the meantime, HKPC will continue to play a key role in nurturing talents for the I&T sector and creating more opportunities for young people, especially in advanced manufacturing. As the implementer and promoter of the industrial policy of Hong Kong, HKPC will follow the government’s vision about I&T and industrial development, attracting more high-tech, high value-added industries to establish and thrive here, build a vibrant I&T ecosystem, and support Hong Kong’s ascension to an international innovation and technology hub.”
The Joint Lab will deepen collaboration in applied R&D, technological exchange and talent development, strengthen I&T cooperation between Hong Kong and the Chinese Mainland, promote industrial upgrading in the Greater Bay Area, expand the talent pool in the region, and enhance Hong Kong’s unique advantages to fully grasp the opportunities presented by the nation’s 14th Five-Year Plan and the Greater Bay Area, to better integrate itself into the nation’s overall development.
About Centre for Artificial Intelligence and Robotics, Hong Kong Institute of Science & Innovation, Chinese Academy of Sciences
Under the Memorandum of Understanding signed between HKSAR Government and Chinese Academy of Sciences (CAS), CAS established the Hong Kong Institute of Science & Innovation of Chinese Academy of Sciences (HKISI), its affiliated institution in Hong Kong, with a view of facilitating its presence in the research clusters on healthcare technologies and on artificial intelligence and robotics technologies. The Centre for Artificial Intelligence and Robotics (CAIR) of HKISI, was established in 2019. Its development is led by the Institute of Automation, Chinese Academy of Sciences (CASIA), also supported by the InnoHK programme from Innovation and Technology Commission. It is positioned to become a world-class research institute for AI and robotics, emphasizing applications in healthcare, fintech and arts. CAIR aims to become an international hub for research and innovation, with global influence in the Guangdong-Hong Kong-Macao Greater Bay Area.
The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. Being a key enabler and catalyst of innovation, applied technology and value creation, HKPC facilitates Hong Kong’s reindustrialisation empowered by Industry 4.0 and Enterprise 4.0, as well as to develop smart and green living applications for bolstering Hong Kong as an international innovation and technology hub and a smart city.
The Council is a trusted partner with comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. It offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, accompanying them on their innovation and transformation journey. Moreover, a variety of FutureSkills training are offered for enterprises to upskill and nurture talents with digital capabilities and STEM competencies to enhance their competitive edge.
In addition, HKPC partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation and technology transfer, with commercialisation of multiple market-driven patents and technologies, bringing enormous opportunities abound for licensing and technology transfer, both locally and overseas. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.
For more information, please visit HKPC’s website: www.hkpc.org.
HONG KONG SAR – Media OutReach– 6 July 2022 – The Hong Kong Baptist University Symphony Orchestra (HKBU Symphony Orchestra) will present an innovative performance showcasing human creativity alongside artificial intelligence at its Annual Gala Concert, to be held on14 July (Thursday) at 8:00pm in the Hong Kong City Hall.
Poster for the HKBU Symphony Orchestra’s Annual Gala Online Concert
Dubbed “A Lovers’ Reunion“, the Concert echoes the celebration of the 25th anniversary of Hong Kong’s reunification with the motherland. As the first human-machine collaborative performance of its kind in the world, the Concert will give the audience a brand new symphonic experience driven by the integration of cutting-edge AI technologies.
The AI technologies developed for this performance are provided by researchers from HKBU’s Augmented Creativity Lab led by Professor Guo Yike, Vice-President (Research and Development). Professor Guo is the project leader of a research project entitled “Building Platform Technologies for Symbiotic Creativity in Hong Kong” – a HK$52.8 million research fund awarded by the Theme-based Research Scheme (11th round) under the Research Grants Council (RGC) for a period of five years. The team comprises Professor Johnny M Poon, deputy project coordinator; Dr Liu Qifeng, Associate Professor of Practice, Dr Xue Wei, Assistant Professor, and Dr Chen Jie, Assistant Professor of the Department of Computer Science at HKBU.
The HKBU Symphony Orchestra will share the stage with an AI virtual choir to perform a newly arranged choral-orchestral version of the song Pearl of the Orient. It will be the world’s first AI choir to perform a choral piece with Chinese lyrics. The AI choir was developed and “trained” by scientists and artists from the Augmented Creativity Lab at HKBU. The team has also trained an AI artist to create a cross-media visual narrative based on the lyrics and music to accompany the choral piece. The audience is invited to share the AI’s imagination of Hong Kong as the Pearl of the Orient.
Another highlight of the Concert is a ballet performance featuring AI virtual dancersin Ravel’s Daphnis et Chloé,accompanied live by the HKBU Symphony Orchestra. The ideas for the choreography come from the natural world, which provides dance movements inspired by a newly discovered species of box jellyfish in Hong Kong. In collaboration with professional dancers from the Hong Kong Dance Company, the AI-generated dancers have been trained to perform the ballet with movement-data collected by HKBU scientists.
The Concert will also spotlight the artistic prowess of our award-winning student musicians in the performances of Saint-Saëns’s Introduction and Rondo Capriccioso in A minor, Op. 28; Borne’s Fantaisie brillante sur ‘Carmen’; and Lauryn Kurniawan’s Rasa for string quartet and gamelan.
Professor Guo Yike said: “HKBU is dedicated to building a world-class AI art-tech platform that will drive a new revolution that transforms the creative and cultural industries. It will enable Hong Kong to assume a leading position in art-tech on the global stage. The first human-machine collaborative performance of its kind in the world presented by HKBU at the Gala Concert is an important outcome of the ‘Building Platform Technologies for Symbiotic Creativity in Hong Kong’ research project. It is also a milestone of AI research revealing the unlimited potential of human-machine symbiotic creativity.”
Professor Johnny M Poon, who is also the music director and conductor of the HKBU Symphony Orchestra and the Collegium Musicum Hong Kong, said: “In addition to celebrating HKBU’s young musicians, the innovative concert showcases how the University is using technology to push the envelope of human imagination in the arts and cultural sphere.
“By leveraging our established strengths in both the arts and sciences, HKBU is taking a transdisciplinary approach that will advance the development of the arts, culture and creative media in Hong Kong. Our art-tech research also enables musicians and artists to go beyond the traditional forms and interact with the audience in brand new ways.”
HONG KONG SAR – Media OutReach – 6 July 2022 – The Music-Themed NFT Series in Hong Kong, Musetap, has met its completion in design and craft; the official confirmed that the official website and minting page have been launched at 3pm on 29 June.
Musetap is the first project to integrate music rhythm tapping game and NFT, created by Marker HK Limited. Interested collectors and players can participate in minting on the Musetap website directly. Musetap Piano NFT has been collected and verified by tufunft.com (an NFT marketplace focused on GameFi and collectibles). Subscribers could pay close attention to tufunft.com or the launch of the game app shop to purchase.
Special Piano NFT
The design of the Musetap Piano NFT is a rectangular piano keyboard with 36 balls in different colours. The apparently simple and unpretentious design is impressive, unique and worthy of collection.
Different from most NFT projects on the market, Musetap applies the BEP 721A format in its smart contracts for minting NFTs. This is an improvement of BEP 721, which can effectively reduce the gas fee of minting single or multiple NFTs in a single transaction, to save cost for Musetap users.
Musetap leading Music-to-Earn
The Musetap project was conceived by a Hong Kong music producer, Cosmos, with the intention of promoting music to the world, especially Hong Kong music, and creating music value. Moreover, it develops Music-to-Earn, which generates additional income for music creators and encourages their music creation.
Musetap will develop a Music-to-Earn game app. To earn tokens, players engage in rhythm tapping game. Meanwhile, creators also earn tokens and gain exposure.
Musetap Piano NFT is the main tool of the game app. It is used to engage in rhythm tapping game to earn tokens, mint new Song NFTs and launch them to the app song list, and activate stallholder licence. It also acts as a membership card to join events exclusively, and enjoy members-only benefits, for example, discount on concert tickets and musical products and merchandise.
Presale Piano NFT holders will receive PMT, attribute point cards, minting cards, and a stallholder licence via airdrop. PMT is the governance token, it is used to upgrade Piano NFT, vote and launch Song NFT to app song list, and activate stallholder licence. Stallholders can provide musical services, sell musical products, and promote musical activities on the official website and the app with zero commission.
The gaming token, TMT, is used to repair and upgrade Piano NFT. Participating in a rhythm tapping game yields TMT. The game app will launch Song NFT. The owner of the Song NFT (must hold a Piano NFT) and foundation will receive TMT each time it is played by another player.
Moreover, TMT performs burning mechanisms, which include:
Golden Song Vote and Music Esports System will randomly select three songs from the list and they will be open for a vote. Every time players, who participate in the vote, must stake TMT but don’t have to hold a Piano NFT.
Then players will participate in a rhythm tapping game for these three songs and vote for the golden song and participants will be scored and ranked after the game.
The collected TMT will be distributed as follows:
Top 30% scored players will win the Esports Event and share proportionally 90% of the collected TMT. Staked TMT from the next 60% scored players will be shared with the top 30% scored players. Staked TMT from the next 5% scored players will be transferred to the Golden Song NFT holder. Staked TMT from the bottom 5% scored players will be burnt.
One-on-one Music Esports Participants must contribute TMT to a pool. The system will randomly assign two players to a competition. The winner will receive more TMT than the loser while the loser will lose his or her contributed TMT. A small portion of TMT from the pool will be transferred to the burnt address and the Song NFT owner.
A portion of TMT from participants of Golden Song Vote and Music Esports will transfer to Song NFT holders so that participating in the game is supporting music creators.
Music Streaming Service Musetap will launch Song NFT in conjunction with Streaming Platforms like Kkbox and Spotify. In the future, Musetap also intends to develop their own streaming platform within the app.
Musetap keeps investigating the ways of burning TMT, which includes concert tickets, collaboration with physical retailers and other paid activities.
Trading pairs of BNB/PMT and BNB/TMT will be available on Biswap, a decentralised exchange platform, https://biswap.org.
The founder, Cosmos would like to create music value from gaming and build a community full of music and creativity. Musetap attracts audiences to listen to different kinds of music from gaming and motivates more music creation from entertainment.
Hashtag: #Musetap
About Musetap.app
Musetap is a Music-to-Earn NFT project crafted by a team of Hong Kong musicians and creators who would like to promote music to the world, especially Hong Kong music, and create music value through gaming. Furthermore, we would like to build a community full of music and creativity.
HONG KONG SAR – Media OutReach – 6 July 2022 – The Music-Themed NFT Series in Hong Kong, Musetap, has met its completion in design and craft; the official confirmed that the official website and minting page have been launched at 3pm on 29 June.
Musetap is the first project to integrate music rhythm tapping game and NFT, created by Marker HK Limited. Interested collectors and players can participate in minting on the Musetap website directly. Musetap Piano NFT has been collected and verified by tufunft.com (an NFT marketplace focused on GameFi and collectibles). Subscribers could pay close attention to tufunft.com or the launch of the game app shop to purchase.
Special Piano NFT
The design of the Musetap Piano NFT is a rectangular piano keyboard with 36 balls in different colours. The apparently simple and unpretentious design is impressive, unique and worthy of collection.
Different from most NFT projects on the market, Musetap applies the BEP 721A format in its smart contracts for minting NFTs. This is an improvement of BEP 721, which can effectively reduce the gas fee of minting single or multiple NFTs in a single transaction, to save cost for Musetap users.
Musetap leading Music-to-Earn
The Musetap project was conceived by a Hong Kong music producer, Cosmos, with the intention of promoting music to the world, especially Hong Kong music, and creating music value. Moreover, it develops Music-to-Earn, which generates additional income for music creators and encourages their music creation.
Musetap will develop a Music-to-Earn game app. To earn tokens, players engage in rhythm tapping game. Meanwhile, creators also earn tokens and gain exposure.
Musetap Piano NFT is the main tool of the game app. It is used to engage in rhythm tapping game to earn tokens, mint new Song NFTs and launch them to the app song list, and activate stallholder licence. It also acts as a membership card to join events exclusively, and enjoy members-only benefits, for example, discount on concert tickets and musical products and merchandise.
Presale Piano NFT holders will receive PMT, attribute point cards, minting cards, and a stallholder licence via airdrop. PMT is the governance token, it is used to upgrade Piano NFT, vote and launch Song NFT to app song list, and activate stallholder licence. Stallholders can provide musical services, sell musical products, and promote musical activities on the official website and the app with zero commission.
The gaming token, TMT, is used to repair and upgrade Piano NFT. Participating in a rhythm tapping game yields TMT. The game app will launch Song NFT. The owner of the Song NFT (must hold a Piano NFT) and foundation will receive TMT each time it is played by another player.
Moreover, TMT performs burning mechanisms, which include:
Golden Song Vote and Music Esports System will randomly select three songs from the list and they will be open for a vote. Every time players, who participate in the vote, must stake TMT but don’t have to hold a Piano NFT.
Then players will participate in a rhythm tapping game for these three songs and vote for the golden song and participants will be scored and ranked after the game.
The collected TMT will be distributed as follows:
Top 30% scored players will win the Esports Event and share proportionally 90% of the collected TMT. Staked TMT from the next 60% scored players will be shared with the top 30% scored players. Staked TMT from the next 5% scored players will be transferred to the Golden Song NFT holder. Staked TMT from the bottom 5% scored players will be burnt.
One-on-one Music Esports Participants must contribute TMT to a pool. The system will randomly assign two players to a competition. The winner will receive more TMT than the loser while the loser will lose his or her contributed TMT. A small portion of TMT from the pool will be transferred to the burnt address and the Song NFT owner.
A portion of TMT from participants of Golden Song Vote and Music Esports will transfer to Song NFT holders so that participating in the game is supporting music creators.
Music Streaming Service Musetap will launch Song NFT in conjunction with Streaming Platforms like Kkbox and Spotify. In the future, Musetap also intends to develop their own streaming platform within the app.
Musetap keeps investigating the ways of burning TMT, which includes concert tickets, collaboration with physical retailers and other paid activities.
Trading pairs of BNB/PMT and BNB/TMT will be available on Biswap, a decentralised exchange platform, https://biswap.org.
The founder, Cosmos would like to create music value from gaming and build a community full of music and creativity. Musetap attracts audiences to listen to different kinds of music from gaming and motivates more music creation from entertainment.
Hashtag: #Musetap
About Musetap.app
Musetap is a Music-to-Earn NFT project crafted by a team of Hong Kong musicians and creators who would like to promote music to the world, especially Hong Kong music, and create music value through gaming. Furthermore, we would like to build a community full of music and creativity.