Bitcoin is Revolutionizing How Consumers Buy Music
Today, music consumption is stronger than ever, but you probably would not be surprised that a great many consumers are turning to subscription-based platforms rather than actually purchasing songs or albums. The bulk of this consumption comes from streaming; companies like Spotify, Pandora and Rhapsody are leading this trend. However, there are many....
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NFTs must evolve beyond PFPs and the Metaverse to stay relevant in 2022, and Monstercat CEO Mike Darlington explains that music may be next. Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility?Music NFTs are relatively new to the scene and cannot be pinned down by one definition. At the most basic level, however, they are verifiable digital collectibles, with a core component being the integration of a song.One of the first collections was “Audioglyphs,” which cemented....
In case you missed last week's exciting panel discussion held at prestigious Premier Studios in New York, look no further. Bitcoin Magazine had the camera rolling and caught the whole thing. Our very own Tatiana Moroz was featured on the panel and was able to interview several other panel members at the event. Panelists consisted of the face of Tatianacoin, Tatiana Moroz; music industry icon Phil Quartararo. CFO and Co-Founder of Ribbit.me Gregory Simon; and was moderated by Rik Willard of MintCombine.With the help of BitPay, Premier Studios has become the first recording studio in the....
The past few days have been very productive for the Sandbox metaverse, music and the NFT industry. Some of the music industry’s top brass are making a beeline for the NFT market and the virtual sphere. Major music labels, including Universal Music Group, Sony Music, Warner Music Group, and Tencent, have all gone virtual. Since […]
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....
Bitcoin startup Bitshares is on a quest to make peer-to-peer music sharing profitable. The company intends to do so through the application of the blockchain technology to music file sharing. Peer-to-peer music file sharing is not a new concept. The original iteration of P2P music sharing, Napster changed music forever through its use. BitShares Music extends the ideas pioneered by bitcoin and Napster into issuing trust-free digital assets. These digital assets have the potential of fluctuating in value through sales of the artist's music. They can also be used to fund the artist and....