End of established music empires?
Picture Source Vibrate Site
Established in 2015, Vibrate (Vib) is a blockchain based music marketplace. Its ICO at the end of 2017 was sold out in 4 minutes raising over $10,714,285. VIB is now traded in 6 BIT exchanges and the daily volume is recorded in access of $12 million. They are growing at a rate of 4000 new users and musicians registration per day. It aims to become the biggest curated live music database in the world while remaining a decentralized community-based service, fueled by the Vibrate token (VIB).
If you think you have seen all the disruptive innovations of the past. Think again. Blockchain based service offerings will dwarf all of the disruptions designed to crumble the centrally established authorities that retain control.
Today, the musicians are at the mercy of the booking agents. So many talented musicians don’t even see the daylight to record with their dream labels. All this is going to change with offering like VIB.
