Legacy Records, The First Record Label Paying Music Artists In Crypto
From painters to digital artists to musicians, crypto continues to find integration across artistic mediums. Music continues to be a field that is ripe for revitalization, from a business standpoint. Accordingly, a number of different musicians have been releasing songs and albums as NFTs. Now, we have what’s being reported as the first official record […]
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With the skyrocketing prices of cryptocurrencies like Bitcoin and Ethereum over the past year, cryptocurrency can be a lucrative source of primary income for artists. StarCoin is aiming to help artists seize this moment, maximize their revenues and increase their autonomy. StarCoin is the first cryptocurrency that offers a crypto-backed record label to artists. First, it’s important to outline the issues of today’s music industry to understand the value that a crypto-backed record label could provide. Generally, when artists sign onto record labels, the label provides the artists with a....
Universal Music Group, often known as UMG, has been a top record label for a very long time – with a big impact on music both from a business and listening perspective. On Thursday, Universal added to their roster of artists with a bit of a twist. Most people are familiar with music group Gorillaz, […]
After the rap star Snoop Dogg acquired Death Row Records in February, the hip-hop legend explained that he would transform Death Row into a non-fungible token (NFT) label backed by blockchain technology. On Thursday, Snoop’s brand partnership manager Nick Adler joined a newly-created Gala Music advisory board, alongside the record label executive DJ EFN, Grammy-nominated musician BT, and Tupac Shakur’s former manager Leila Steinberg. Snoop’s Blockchain Ambitions Snoop Dogg’s blockchain ambitions are gaining headway as the legendary rapper’s brand....
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 artists that are adding as many of these methods as they can, in order to give their fans more convenient and simple ways to get their hands on new music. Although most of these artists are embracing the use of Spotify and other streaming....
A big problem in the music business is the presence of middle men such as record labels. Record labels advertise a person’s music to the general audience whereas it would be quite hard to spread music on your own. However, in many situations, a record label will own the rights to your music and receives a certain percentage of money generated by your music. Fortunately, there is a bitcoin-oriented alternative for artists wanting to gain notoriety without having to sign contracts with record labels. LibertyMusicStore is a service where musicians can open a store to sell their music and....