MODA focuses on bringing Web3 into the music sector through NFTs, micro-licensing, DAO governance, and DeFi.

MODA is being formed as a not-for-profit foundation (using a tokenized value framework) with one goal: to accelerate Web3 music and help build a more sustainable environment for audio creators. As a result, the token model includes both free and open-source tooling for the music ecosystem, along with value-generating functions that support its long-term expansion.

At its foundation, MODA aims to connect the traditional music industry with Web3, while also linking current networks through standards and interoperability. MODA is centered on giving people choice and control, rather than forcing them into closed, walled platforms.

With $MODA membership and governance, holders can engage with Music3 technology, request grants, support artists, support tracks, and earn income. MODA is open to anyone creating or consuming content in the Web3 space.