Escrow is a legal arrangement in which a third party temporarily holds assets until the terms of an agreement have been met. This provides safety and security for both parties without the risk of one side running away.

This “third party” can be a smart contract.

NIM is expected to receive content from the white label partners (CMO/PROs, music publishers, and music labels), after which the money is available to NIM.

NIM is using Smart Invoices to fulfill this escrow service, follow the button below for more information