🅼🆄🆂🅸🅲 has had serious problems in its history: piracy (MC and copied CD's), then problems with radio, internet (P2P, therefore illegal mp3's) and finally with streaming services (Youtube, Spotify, Deezer. Very low earnings for each listening).
Artists have also often had problems with record companies and producers.
The situation could improve thanks to the use of the 🅑🅛🅞🅒🅚🅒🅗🅐🅘🅝, thanks to which innovative projects are emerging.
With the Blockchain it is possible to solve one of the most serious and delicate problems of the record industry or that of the correct remuneration of all the actors: royalty (on each transaction the metadata would be recorded. In this regard it should be remembered that the transactions cannot be changed nor deleted).
𝓔𝓽𝓱𝓮𝓻𝓮𝓾𝓶 is certainly one of the most interesting blockchains due to the presence of "𝕤𝕞𝕒𝕣𝕥 𝕔𝕠𝕟𝕥𝕣𝕒𝕔𝕥". Through them, "clauses" for transactions can be implemented.
Subsequent consequences (actions) will be automatic. For example, a clause such as "If my album reaches 10,000 streams on the platform, a bonus of 0.9 ETH will be paid".
The other big advantage is the ability to create "【ｔｏｋｅｎ】" that rely on external blockchains (without having to create your own blockchain). ERC20 tokens use the Ethereum blockchain. For example, Mycelia has invented a "Creative Passport" (a digital container of information: IDs, awards, jobs, business partners and payment mechanisms for all musicians. Its goal is to become a digital identity standard for musicians, forming the Creative Passport Database as a whole).
Official site: Musicoin
Platform where a coin called musicoin (MUSIC) is created through an algorithm that allows you to create smart contracts. Musicoin aims to support the creation, distribution and consumption of music.
Artists can be paid through Musicoin cryptocurrency. Every time that song is played, the associated smart contract pays the artists instantly. Through these tools, Musicoin would be able to provide artists with pay per play remuneration higher than other platforms such as Spotify or Apple Music, in the order of $ 0.02 (YouTube pays $ 0.0006). Payments will be very fast, in the order of seconds and automatically distributed among those who collaborated in the creation of the work, from the band members to the sound technicians passing through the producer. Another method of earning for artists is the tips (similar to Publish0x).
Official site: Voxxo
Platform that raises funds through crowdfunding and that allows you to invest in musical events.
Official site: Voise
Voise is a cryptocurrency designed for the music industry. It allows artists to monetize their music in a peer-to-peer market.
Musicians are allowed to choose the price for their tracks, provide free songs and seek support from their fans and other users registered on the platform.
Official site: Viberate
It is an application designed for blockchain-based live music where musicians can meet with booking agencies and event organizers.
Users on the platform are paid using the VIB currency.
Official site: Moosecoin
Cryptocurrency that allows musicians to manage and pay copyright and crowdfunding activities on the platform.
Fans can legally listen to music, donate or invest in a musician.
Official site: Opus
Based on the Ethereum blockchain and IPFS peer-to-peer technology, artists upload their music here and get 90% of the revenue generated by streaming people. This comes with their own Opus tokens (OPT) which reward artists, playlist curators and fans for their activity on the platform.
Official site: Aventus
It is a non-profit company that aims to develop an open-source protocol based on Ethereum that is able to become a standard for the sale and purchase of tickets.
The idea is to manage the sale by also adding new business opportunities (percentages on resales for example) and redistribution of revenues.
Official site: K-tune
The idea is to create a platform dedicated to all music producers in the world, but with a particular focus on K-Pop, the dominant music genre in South Korea.
K-Tune will allow musicians and producers all over the world to collaborate and express themselves freely, allowing in fact anyone to become for example a producer of K-Pop.
The aim is to bring together musical talents to produce music, thanks also to the so-called K-Tune Masters (current producers and former professionals affiliated to K-Tune who will have the role of providing assistance to users in their music production process).
In fact, the users of the platform will be able to share their work with the Masters to ask for advice or collaborations on music, lyrics, choirs, mixing, etc.
The platform will also have a section in which all users will be able to put their works on sale: it will be called K-Arena and will allow you to sell not only albums and songs, but also melodies, arrangements, lyrics and so on.
Official site: Singulardtv
Content portal through which users can upload, share, exchange, sell and monetize their productions. The site intends to develop an entire multimedia ecosystem that includes crowdfunding, rights management, distribution and peer-to-peer sale for music.
Official site: Dotblockchainmusic
Each year, tens of millions of dollars in royalties are lost because companies like YouTube and Spotify can't figure out who owns the rights to certain content. DotBlockchain's mission is to solve this problem.
Official site: Resonate
Music streaming platform that fights against the monthly subscription business (Spotify, Deezer and Apple Music) and their "Stream to Own" model. Resonate says it will pay artists more than double the competition.
Official site: Custostech
Custos is a copyright protection company. He wants to implement a "tracking technology" that creates a Bitcoin watermark on copyrighted media. If the material with this watermark is pirated, Custos analyzes the file and tracks the pirated or unauthorized content from the source to impose a rapid pay.
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