Image credit: Pefoma
The free to join social media app hopes to create a space for artists to monist their content and will launch next month.
Pefoma is hoping to create a space for unsigned artists to gain exposure and monetise their content, it’s also hoping to allow music fans to discover new music.
The covid-19 pandemic has seen a wave of demand for live music, which with venues closed and the industry on pause, artists have turned to live streaming. All social media platforms allow for live streams but few are monetised. However, there has been some ticketed livestream events and Bandcamp also announced their livestream platform Bandcamp Live.
With Pefoma, artists can upload music videos and monetise live stream performances, all on one single platform, this eliminates third-party payment or booking integration. Pefoma will also be the only known platform where artists earn all revenue generated from their profile, with no fees or cut of revenue taken when using the app.
Similar to Patreon fans will be able to gain access to exclusive content no available outside of the app. There will also be a chat box where fans can communicate with artists directly and chat to other viewers.
Speaking on the app, Pefoma founder, Steven Arinze said: “This is the only social media app of its kind where fans can enjoy direct access to musicians and their content. He continues, “The brilliant reality is that fans can follow as many artists as they like and show them just how much they enjoy their music through gifting the artist coins that will help them on their musical journey. For the first time ever, fans can truly feel part of their favourite artists’ story right from the very beginning, while the musicians themselves have more control over their brand than ever before.”
The Pefoma app will be available to download on the Apple and Google Play store on the 1st March.