Very nice rundown of what's happening. I've mostly been following Bittunes, which is having a very hard time attracting talent. I think its model of musicians and fans sharing 80% of revenue is brilliant in that it incentivizes fans to become 'agents' for musicians. My Bittunes wallet is impressively close to break-even in spite of the lack of attention. If it were to go viral, high-reputation curators could make significant money. I think one of these platforms is only one high profile artist away from getting some success.
RE: Cryptocurrency Music Platforms To Look Out For
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Cryptocurrency Music Platforms To Look Out For
Thanks, I agree Bittunes is the leader of the pack at present, however is still relies on a user having bitcoin to enter the ecosystem. Most people do not pay for their music these days let alone pay with bitcoin!
Essentially fans should be awarded crypto for participating and sharing on a platform so they have something to reward their favourite artists with.
Steemit is a great example of an open loop system that allows anyone to get involved with no prior knowledge of cryptocurrency.
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The ability to 'make money with one's ear' might be compelling, Preloaded with money apps (like Steemit) could do a lot to get beyond the cryptocurrency speedbump. I looked over Muse again last night and it seems to tick-off a lot of good boxes. Do you know the timeline for it being live in the wild? One thing Bittunes has going for it is that it is coded and it works reasonably well (at a small scale however).
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interesting that 3 years later, bittunes development seems to have been overtaken by other apps. currently the best mobile platforms using crypto/blockchain music streaming are IMO feedbands and musicoin
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