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Yesterday was a significant milestone for
BitSong


1. #Inflation decreased from 20% to 10%, meaning the new #staking APR is around 20% (as opposed to 40%). Reducing inflation is a significant first step, as cutting the emission by 50% and launching BitSong #Studio ushers us into a productive phase. Consequently, BitSong as a protocol should start generating earnings.

2. Proposal 31 was also passed, authorizing the BitSong team to upload new smart contracts. Specifically, the following will be uploaded:
- bs721-metadata, enabling the creation of NFTs and on-chain storage of metadata.
- bs721-curve, envision something akin to friend .tech on BitSong for NFTs.
- bs721-launchparty, the first fixed-price minter; decide the supply, type, and start selling.
- bs721-royalties, simplifying the distribution of collected royalties and split them in real-time among your group.

BitSong NFT Genesis Collection: All voters of Proposal 31 are entitled to receive the first NFT on the BitSong chain. This NFT will grant access to exclusive content.

Music for everyone! We are finalizing the launch of the Studio, which will be ready in a few days. The entire community will then be able to start investing in music.

https://twitter.com/bitangel84/status/1737042926394310756