Music blockchain
Did Napster kill the music industry? Depends on who you ask. Some will say yes, while others will argue the revolution of peer-to-peer music sharing platforms was an inevitable byproduct of technology a. The top ten music streaming platforms alone have more than million monthly customers. One technology has the promising potential to ease the industry's woes: blockchain.
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Content:
- Square's $297 million deal for Jay Z's music service Tidal may bring blockchain to masses
- Blockchain & Music - An Unlikely Union
- Nas Selling Rights to Two Songs via Crypto Music Startup Royal
- Follow the Author
- PRS for Music, ASCAP and SACEM initiate joint blockchain project
- Crypto will fix the music industry
- Upload and Sell Your Music & Merchandise Online through the Blockchain.
- Are NFTs The Future Of Digital Music Or Just Crypto Snobbery?
Square's $297 million deal for Jay Z's music service Tidal may bring blockchain to masses
Expect topics on innovation, regulation, financial inclusion, remittance, eCommerce, and more. Subscribe here for email updates. But when you observe the amount of money exchanging hands in the NFT market, you might understand why everyone wants to get in on the action. It made sense for Hector to join the church choir — a place to create or at least participate in creating what he loved. From what he told me, the idea of rapping in the church was equivalent to or worse than lighting a cigarette at the altar.
I recorded my last song with another rapper from Colorado, US. It was the first song I had on TuneCore and other platforms, so I made some money from it after a couple of months. So, the proceeds from his final record went into learning about the music business.
So I started learning and exploring. Hector spent a long time on the Internet trying to figure out the music business. Having gained some experience, Hector decided to launch his record label, Unique Sirius. But it was unlike any label on the continent; it connected artistes and fans in the NFT metaverse.
While running his label, Hector still sought ways to get additional income. He met a friend who was into forex and crypto trading.
He found it interesting and started following crypto news and trends, and he caught wind of the NFT craze circling among crypto enthusiasts. NFT is incredible, and he has seen an avenue where his artistes could earn more for their music. But tokenised music has not caught on in Africa. But music NFTs are gaining some wind too.
Hector saw the potential in NFTs. An opportunity for artistes to connect with fans better and make lots of money in a very short time.
He reached out to influential artistes in the Nigerian music industry because he knew a big artiste could get the NFT ball rolling in Africa. But no one took him up on his offer. It was perfect, not only because Hector loved the sound, but it also preached the NFT message — a way to connect with fans while they also got rewarded.
It was a win-win situation. Within two weeks, almost 10, units of the , units of My Fans had been sold. Hector was excited. The numbers were good, but more importantly, history had just been made — the first tokenised afrobeat music. I want artistes to eat off their music too. Hector believes NFTs are going to be a big part of the music business in a few years. It will take power from big corporations and give it to artistes and listeners. When they finally do, a large percentage goes to the platforms that list the music.
Why buy music NFTs? The fans can easily resell for a higher price. For example, Tory Lanez minted a million copies of his song for a dollar each. The only drawback is, Tory Lanez was able to pull that off because he was already famous, a feat impossible for an upcoming artiste. It seems like a lot to take in, but Hector believes strongly in the future of NFTs as the disruptor of the music business as we know it. On January 22, , be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa.
Register free. Great feat here.. The NFTs market will definitely reshape the stratosphere in the music world..
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Blockchain & Music - An Unlikely Union
Blockchain is a revolutionary technology that has great potential to solve many of the fundamental challenges facing the music industry today. In fact, this technology is uniquely suited to address issues across the various industry sectors, including rights management, licensing, copyright ownership, royalty tracking and reporting and the primary and secondary ticketing markets for live events. Likely, however, its adoption will be incremental and more evolutionary than revolutionary-- impacting the music industry in a segmented fashion, as opposed to a global transformation. While still somewhat early in its adoption, now is the time for the music industry to focus on blockchain, how it may disrupt the music industry and how participants can leverage that disruption. As many formerly dominant companies have learned the hard way, when it comes to disruptive technology you have two choices - be the disruptor or be disrupted!
Nas Selling Rights to Two Songs via Crypto Music Startup Royal
Username or Email Address. Remember Me. Music Ally Ltd. Services Learn Events Marketing. Tag: blockchain. Read More. Warner Music Group to launch music world on The Sandbox. Warner Music Group is working on a music-themed world that will be hosted on games platform The Sandbox. January 27,
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Establishing robust links between these two pieces of data offers a practical solution with enormous potential for improving the processes of royalty matching, which will in turn speed up licensing, reduce errors and reduce costs. The goal of the project is to prototype how the music industry could create and adopt a shared, decentralized database of musical work metadata with real-time update and tracking capabilities. While still at an early stage, the project is proving to be an exciting reference point for future industry blockchain solutions. Blockchain has become well-known for its use in payments systems for its ability to manage records without centralized governance — a characteristic that will be harnessed in this project to resolve conflicts between conflicting identifiers for the same work across multiple rights holders.
PRS for Music, ASCAP and SACEM initiate joint blockchain project
With the deal, we could see metaverse performances from some artists signed to its labels, including Atlantic, Warner Records, Elektra, and Parlophone. Warner Music competitor Universal Music has been less active in the blockchain space. However, it recently took the innovative step of creating an entire music label PM to focus on the metaverse. Image Copyright: The Sandbox. You may also like. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits.
Crypto will fix the music industry
Well, that is exactly what is happening at the moment. Remember: the Blockchain is a decentralized database, completely transparent and able to process crypto currencies. All transactions that are done on this database are regularly sealed and archived until doomsday. Transactions not only refer to monetary exchanges. The lack of a central entity, full transparency and crypto currencies: these three features alone can help solve virtually all of the challenges the music industry currently faces. For quite some time now, British singer, songwriter and composer Imogen Heap has been dreaming of a digital ecosystem centered around the artists who keep complete control over their works. What sounded a long way off has actually turned into a functioning prototype. Besides being able to buy it, you are able to read through all sorts of information about those involved in the production of the song.
Upload and Sell Your Music & Merchandise Online through the Blockchain.
Tag: Blockchain Projects in Development. Tag: Blockchain Projects in Music. The information on this site is intended for informational, educational, and research purposes only.
Are NFTs The Future Of Digital Music Or Just Crypto Snobbery?
RELATED VIDEO: Toby + Decap - Welcome to the Blockchain (The Bitcoin Song) (Leg. PT-BR)Unlimited playing time. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. Find out how blockchain will transform royalties in digitalized music streaming economy. Why is OPUS the revolution needed in music?
Here and much more in social networks. Check out FAQ section. Or make offers at OpenSea. Victoria Unikel x Musical Blockchain - "Dimensions of the Soul" series In a new series of a collaboration works by award winning artist Victoria Unikel and multi-awarded, world's first AI music composer Musical Blockchain led by the multidisciplinary immersive artist Gleb Divov , we're exploring the depths of artist's thoughts and feelings, using psychology-based Creative AI methods, modern generative practics and utilizing power of modern GANs and CNNs. Resulting works are the source-of-inspiration-based interpretations of artist's original work by the Creative AI and human's feelings - in both visual and sonic dimensions. And even dancing to it! The Ministry of Culture of the Republic of Lithuania granted the status of Artistic Creator of the Republic of Lithuania to our founder and visioner Gleb Divov , confirming that his work complies with the requirements of the Law on the Status of the Artistic Creators of Lithuania, has a lasting value and is significant for society.
ANote Music offers everyone the opportunity to be a music investor. ANote Music provides a secure and transparent platform for artists, record labels and publishers to be financially independent, while keeping all their artistic control. Our platform allows music owners to grow in sync with their network.
The highest number of points is achieved. I think this is a good idea. Fully agree with her.
They are wrong. Let us try to discuss this.