> For the complete documentation index, see [llms.txt](https://whitepaper.lukastoken.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.lukastoken.com/introduction/background-and-market-context.md).

# Background and Market Context

Fan engagement in the music industry has traditionally been limited to passive consumption - concerts, streaming, and merchandise. These activities generate revenue for artists and record labels but rarely give fans a stake in the success of their favourite performers. \
\
Blockchain technology and tokenisation enable decentralization and direct participation: active fans can hold digital assets that have utility within an ecosystem and form an active community of supporters that align incentives between artists and supporters. \
\
According to industry analysis, the blockchain market is expected to grow rapidly, with projections estimating it will reach **US$67.4 billion by 2026** and compound at **68.4 % per year**. In such a competitive environment, a clear and comprehensive whitepaper is essential to attract community support.

\ <mark style="color:$primary;">**Disclaimer:**</mark> \
\&#xNAN;*The Project may be amended or modified in the following. Please also note that the Project itself may be redesigned or otherwise revised in future, if that would be required for any material reasons (including, but not limited to: commercial considerations, technical possibilities, or the need to ensure compliance with any (existing or future) applicable laws and regulations, or any other material reasons). The Tokens are not intended to constitute securities in any jurisdiction.*


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