Blockchain technology can also revolutionize the monetization of music. The infrastructure is based on smart contracts, programs that can be run on the blockchain along with the payment transactions. Blockchain-based cryptocurrencies such as Bitcoin and Ethereum support micropayments, which is effectively impossible with classic payment mediums due to transfer costs. This can support a new way of offering on-demand music services. Users can select the record of their choice and immediately reward the stakeholders with cryptocurrency upon playing it.
I have been reading a lot on the subject lately and found myself a little lost in front of all the options available. Hoping to get some insights on the topic from you guys.
- What are the upsides of blockchain music platforms?
- What are the downsides of blockchain music platforms?
- What is your favorite blockchain music platform?
- Looking forward to see peoples reaction on the subject!
You copy/paste most of the post from the internet, the text I mean, and then you ask for answers from the community. That is not the way to start you presence here. Also the number of posts you create is ridiculous; It'll not get you noticed at all. The spam cleaners may get to you when you continue like that.
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