Spotify of Crypto

Spotify of Crypto

By chuxster | THE E.B. | 6 Aug 2024


Hi guys,

The music industry has yet to innovate when it comes to crypto monetization of songs. It's insane because there are literally tokens on Solana that are worth millions of dollars that are not even a year old but internationally popular songs that may not even produce a million dollars for a music artist.

I've heard the idea of using NFTs to monetize visual artistic works but I'm not reading or hearing about "audio NFT" marketplaces specially for monetization of songs in the cryptocurrency world. I'm not even hearing of cryptocurrency-ad sponsored music platforms.

There's way too many token launches , venture capital money and Solana token creation for there not to be even an Apple Music of Crypto website or platform.

Darn. I'd even take a bare bones music streaming website that allowed customers to visit different pages to play music that has a bunch of cryptocurrency ad banners on it. And then every few minutes that page would refresh and an audio ad would be played before returning to the song or playlist that was on the page.

If I was a savvy entrepreneur, I would be reaching out to every music artist with a mixtape to try to get them to put some on my website. New artists are simply trying to get people to listen to them and have the least reason to reject your offer.

Good luck guys. Peace ✌️

 

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5


chuxster
chuxster

I read a lot and hope to learn a lot.


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