Get up and $JAM!
Tune.FM’s $JAM Token Now Interoperable via hashport
hashport is excited to announce the Hedera native dApp Tune.FM ($JAM) as the latest integration with the platform. Tune.fm is a decentralised web3 music streaming platform and NFT marketplace, specialising in music NFTs, streaming royalty micropayments, and social audio for artists and music fans everywhere. The integration of Tune.FM's native token enables users across all hashport-supported networks to hold $JAM. At the time of writing, the platform supports Hedera, Polygon, and Ethereum.
How integration with hashport benefits Tune.FM
“With the launch of $JAM on hashport, Hedera’s only interoperability solution to date, we welcome a new era of interoperability for Tune.FM. Now users can port $JAM from Hedera to other networks to be available on DEX liquidity pools and Polygon or Ethereum-based wallets. Soon both $JAM and Tune.FM NFTs will be accessible and interoperable with any public network supporting a truly decentralized multi-chain future.”
Andrew Antar, Founder of Tune.FM
How the Tune.FM integration furthers hashport’s mission
“dApps and their tokens shouldn’t be bound to a single network, they should be empowered to take advantage of the benefits offered by different protocols throughout the broader DLT ecosystem as is needed. The integration of Tune.FM’s $JAM token onto hashport is yet another exciting step towards, this fully interoperable future.”
Jesse Whiteside, Director of Business Development for hashport
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Tune.FM solves the inefficiencies across the music industry and streaming platforms today, whereby artists aren’t paid fairly. Tune.FM enables artists to publish their music for free, while listeners pay directly using a fungible token issued on Hedera called “JAM.” This payment model cuts out several costly intermediaries found in today’s music streaming business models. Tune.FM turned to Hedera Hashgraph as its public distributed ledger of choice for the issuance, management, and transfer of fungible (JAM token) and non-fungible tokens (NFTs) for artists’ exclusive limited release digital assets.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
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