Bitcoin Tipping And Music Streaming Are Headed To The Moon
A Reddit user has created an alternative to the popular music streaming service SoundCloud, and it features bitcoin tipping! The new music platform is called sfx.io. And although it is still in beta, it's not short on unique features. Sfx.io has integrated bitcoin tipping jars on artist profiles which allows visitors to tip creators for songs and sounds they enjoy. Currently, the platform allows users to upload mp3, .m4a (aac), and .wav files. Registered users on the site can upload up to 10 MB at a time while unregistered users can only upload 5 MB files. In addition, users can record a....
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It's no secret that the music industry has been mired in controversy for raking in profits mostly for producers and record labels then leaving very little to artists themselves. This has been a prevailing issue, even as the rise in music streaming has offered more convenient and streamlined ways to listen to songs. Even Grammy-winning singer-songwriter Taylor Swift has spoken up about this issue when it comes to Apple's streaming services and has protested against Spotify's music streaming terms. Bitcoin enthusiasts say that the cryptocurrency might be able to solve all this. Bitcoin and....
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million). Yet despite the popularity of the music industry, musicians often find themselves unfairly....
Spotify and Apple Music reportedly cut 75% from musicians’ revenues together with the cut paid to labels. As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFTs) are likely to help artists grab back their fair share, Saxo Bank predicted.According to one of Saxo Bank’s Outrageous Predictions 2022: Revolution, music creators would benefit from NFT-based streaming platforms as they allow distributing music directly to listeners without centralized middlemen charging a fee. Saxo Bank’s cryptocurrency analyst Mads....
Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era. The music industry has undergone a massive transformation in recent years. We have seen the advent of the internet leave its mark on music, and most notably, 1999 spelled the coming of Napster. This then-revolutionary peer-to-peer online streaming service defined a whole generation and enabled musicians to share their creations with the world.Streaming has become the dominant format for music today, through Apple, Amazon, Tencent Music and the clear category winner — Spotify.....
Radical. FM - a personal radio streaming service that's free of charge - is turning to the bitcoin community to help keep their offerings free to the public, according to a Friday announcement. The company describes itself in the following manner: Radical. FM is the most accurate streaming radio service in the world. We believe in a sustainable planet, global humanity, and local action. Radical is operated free of commercial interests on a Pay What You Can basis. We compensate artists, composers, and labels for all the music you stream. Donations received via the digital currency will be....