Mozik is a decentralized music NFT platform that attracted a lot of interest in the market. Mozik facilitates direct transactions between artists and fans. It also enables people to distribute and monetize any music or celebrity-related NFTs.
The company decided to release the MOZ token to give its users additional benefits. MOZ is the platform’s utility token. Customers can use it for staking to unlock features such as participation in exclusive music events. They can also have access to purchase limited-edition NFTs and pay fees for storing content and processing transactions. In addition, MOZ owners can participate in protocol governance voting.