The free festival will display the collection in several virtual metaverses and feature a live performance from DJ and producer 3LAU.
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.
Coronavirus lockdowns caused the global event organizer to take a new direction, launching a record label and selling digital art.6442
A Malta-based progressive house producer has sold an NFT granting 50% of streaming royalties from an exclusive single to the token buyer.18741
The son of Yoko Ono and John Lennon looks deeper into crypto with NFT art.6522
A collaboration between the Utopia Genesis Foundation and STOKR will enable new revenue streams for artists and investment tools for listeners13687
Superstar DJ and world-famous augmented reality artist drive NFTs further into the mainstream7516
Is Spotify hinting at soon-to-come crypto features?6532
Selah is offering fans the chance to acquire exclusive merchandise and experiences through its own cryptocurrency.6742
A major music festival in Thailand is adopting blockchain for safer, smoother payments.5988
Audius has retroactively distributed $8 million in governance tokens to musicians and listeners who have been using the platform.15590
Decentralized music sharing service Audius has raised nearly $10 million so far.8369
DJ David Guetta goes virtual.6461
Russian musician Oleg Kenzov transferred the digital rights to one of his songs through a government-backed blockchain platform.5155
What could the rockstar be cooking up for the blockchain industry?13017
Three entrepreneurs will discuss how innovation flourishes at the intersection of blockchain and music.3002