Online digital music retailer Beatport accepts Bitcoin for songs
Beatport will accept Bitcoin as a payment method starting this July and is launching an NFT range in the meantime. Beatport, a digital music portal for DJs and musicians, announced this week that it would begin accepting Bitcoin (BTC) as a means of payment on its website. Beatport hosts and sells music tracks for use by DJs, returning a portion of the proceeds to the original artist.The company announced that it would accept Bitcoin as a payment method starting this coming June. Beatport CEO Robb McDaniels said the decision to accept Bitcoin was born of a desire to continue innovating,....
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A major American DJ-related online music store has joined the crypto adoption frenzy by accepting bitcoin payments. Beatport is the latest firm that adopts a crypto payment gateway after signed a partnership with crypto exchange Crypto.com. Bitcoin Payment Gateway Will Be Launched in June Per Music Week, the digital music retailer will make the adoption official in June, enabling all customers to pay their subscriptions or buy tracks via bitcoin (BTC), processed by the Hong Kong-based crypto exchange. Robb McDaniels, CEO of Beatport, expressed its high interest in cryptocurrencies, as well....
Hip-Hop Legend and arguable GOAT Nas sold the rights to two of his songs via a new crypto music platform called Royal. The rapper Nas sold two songs as an NFT; let’s dive into what this means for music rights and cryptos. Related Reading MicroStrategy Is Not Done Buying Bitcoin, CFO Reveals Royal And […]
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....
Music was once scarce. Before the days of MP3 and P2P file sharing, you didn't have the ability to hear songs whenever you wished unless you bought them. Today one does not even need to download songs, as platforms such as VEVO and YouTube host many of the most popular songs of yesterday and today. The industry was faced with a definitive problem in an age of liberal copy and distribution technology: finding new ways to monetize digital music files that lacked scarcity. A gang of computer programmers - united by the Bitcoin technology - are trying to revolutionize an industry after 15....
(This is the conclusion of a three-part deep dive into the current state of the world’s music NFT industry and how it’s making an impact on society) In cultivating their fan community, Allan and Inglot see NFTs as a better alternative to the current system of major music labels. Large music corporations have long dominated […]