Up and Coming Social Media Platform Accesses Vast Music Library

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, April 7, 2022

Platforms such as TikTok and Facebook have helped jumpstart the “creator economy.” Currently in a closed BETA stage, this company is looking to further revolutionize the social media space.

Megatrax.com has signed an expanded licensing agreement with HOP-ON (OTC: HPNN) subsidiary, Digitalage, Inc., which engineers its own source code, using an organic platform with cutting edge technologies. In the agreement Megatrax grants Digitalage and Hop-on access to its music collection—combined with its other music licenses provides greater music access to Digitalage users than Facebook or TikTok, combined.

The company’s press release stated the goal is to support the next generation of marketers and influencers through an engagement platform of digital rights management tools—seeking to empower users to connect, upload, and share content while compensating rights holders utilizing decentralized Web3 blockchain technologies with smart contracts. The company has already secured lucrative deals with leading journalism and media providers, studios and labels.

Shares closed Wednesday up over 7 percent at $0.0029.

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