The survey revealed that 65% of eMusic customers would use cryptocurrency to allow artists to receive a larger music revenue split.
Currently, the blockchain technology on which cryptocurrency is based is used not only for digital money, but for many other aspects of people’s lives. Blockchain has become a very attractive technology for the music industry as well. With the help of the blockchain, music streaming processes, monetization, arbitrary modifications of content, mediation between creators and their customers, etc., can be improved. Also, using Bitcoin for music purchases can be much more convenient because of the possibility to convert it into any fiat currency without the need of leaving one’s home, fast transactions and relatively law payment fees. Every musical record made in a blockchain for music consists of the owner’s data, the copyright and other information in such way that everyone can see it.
Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists.29721
Luxembourg-based startup ANote Music will launch a blockchain-based platform that allows its users to invest in music royalties.4912
Famed pop music video director Joseph Kahn has announced that cryptocurrency trading is his new favorite hobby.3962
Digital music store eMusic launched its eMU token to help musicians earn more royalties.5432
The crypto space gained another mainstream performer recently as Coldplay's bass player has funded a Bitcoin app.7582
One techie music artist has hidden Bitcoin in his new album, and it's up for grabs to whoever solves the associated puzzle.6793
If you can’t join ‘em… there’s still beats. Summer festivals and concerts are canceled, but you can enjoy the world’s top electronic dance music acts LIVE in your own home.5839
DLT firms are targeting the copyright industry, with Ontology partnering with social creator platform OGQ to copyright 250 million pieces of digital content.8316
An exclusive report shared with Cointelegraph highlights the positive impact that blockchain could have on the music industry.6981
Modern technologies have unnoticeably become part of our daily lives. Think about the music industry, for example — it’s impressive.5587
Ditto Music to launch Bluebox, a blockchain recording technology that aims to trace royalties for music from the studio through to consumer streaming.4119
Can crypto and distributed ledger technology help improve the music industry?3948
Popular American EDM-pop duo The Chainsmokers are supporting a new blockchain-based ticketing platform.4019
South Korea’s conglomerate CJ Corp is deploying Amazon’s centralized blockchain platform to improve music copyright management.2375