Coins for Bands Hope to Disrupt Music Industry

Coins for Bands Hope to Disrupt Music Industry

Altcoins targeting specific communities are starting to emerge. This month sees the introduction of two separate cryptocurrencies aimed at musicians. Songcoin and FUNK each take different political and technical approaches to helping the independent music economy. Songcoin is the brainchild of Pimovi, a subsidiary of Australian natural gas exploration firm The Chancellor Group. Co-founded by Kasian Franks, who formerly founded now-defunct multimedia search firm SeeqPod, Pimovi is a digital entertainment company, eager to get involved in the cryptocurrency space. Songcoin is designed not....


Related News

Songcoin Reveals Plans to Reward Listeners for Discovering Quality Music

Songcoin. Centralization has long characterized the music industry, making it hard for budding artists to distribute their music to the public. The internet revolutionized the music industry, which helped many independent artists build fan bases without caving to the demands of corporate record labels. Songcoin developer David Prince believes the invention of cryptocurrency offers musicians yet another golden opportunity to disrupt the music industry by rewarding listeners for discovering and investing in quality music. CCN spoke with Prince about Songcoin and the role he wants it to play....

FanDistro Takes Bitcoin for Indie Music

Fresh from a $700,000 angel round, indie music sales site FanDistro has started taking bitcoin for downloadable online music sales. FanDistro, a site that helps bands sell their music while also rewarding their fans with merchandise, previously only took PayPal payments, but is now working with Coinbase as a merchant, said CEO Michael Penfield. "We're encouraging people to use bitcoin, and philosophically we love bitcoin. We think it's something fantastic for the music industry," said Penfield, who turned on the function a couple of weeks ago. The biggest benefit for musicians are the low....

PeerTracks and the Future of Blockchain Music: Exclusive Interview with Cédric Cobban

Ever consider what the future of the music industry looks like with the advent of blockchain technology? Cédric Cobban certainly has. Co-founder of PeerTracks and member of the BitShares Music Foundation, Cédric seems to have a clear vision when it comes to music's role in the emerging decentralized economy. I recently had the opportunity to speak with Cédric about the PeerTracks P2P music platform and his outlook on the future of music and what it means for both artists and fans. Also read: Bitshares Out to Make P2P Music Profitable. Listen, The Future Of Music. What is PeerTracks and why....

Imogen Heap talks Blockchain in Disrupt Conference

Empowering artists through the blockchain is something that has reached an international audience. Informing a global audience about the advantages of the blockchain far outweigh the negative publicity that it has received. In a TechCrunch interview at a Disrupt conference in London, Imogen Heap gives a detailed description of her MiMu gloves used in performances, but also a very real idea of future practices for artists- music that is- using the blockchain revolution that, she says "will fully blossom next year-2016." Public awareness has been characterized with pros and cons on the topic....

Music Industry Gets Creative with Songs About Bitcoin

In a testament to the growing mainstream acceptance of bitcoin, members of the music industry have decided to get creative and make up songs about the cryptocurrency. Some have been remaking existing songs to infuse a twist on bitcoin while others are coming up with their own compositions. For instance, in a new twist on Billy Joel's "Uptown Girl" an artist named Naomi Brockwell penned a song called "Bitcoin Girl" which is currently the most viewed bitcoin cover. It even features a music video where she plays a data-mining, Economist-reading modern woman lusted after by a man who's stuck....

Quotes

Cash can be equally as unsafe if you wish it to be if you don’t look after it properly. I think you have to go into any new technology or any new idea with your eyes open and be aware of the risks and as its use expands and becomes more prevalent across society then protocols change and security/safety systems develop.

Russell Kelly, Director of KPMG