MEDIA DISTRIBUTION WILL NOW BE A PROFITABLE BUSINESS FOR CONTENT CREATORS WITH THESE PLATFORMS THAT ARE BASED ON THE BLOCKCHAIN

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There are a lot of problems faced by content creators in the media industry today. One of which is that it hacks into artistes profit. Here, we can see websites like YouTube and vimeo trying to extort from its feeders of information, only leaving them with small amount of money. In most cases, the content creators needs to put so much efforts into generating some pretty heavy traffic views before they can get any compensation. The situation is more worsened in the Nigerian music industry where artistes gain absolutely nothing from promoting their songs - that's not encouraging at all, instead they are being extorted of all the money they had with them.

Websites like naijaloaded, tooxclusive, makhits e.t.c are just a few of websites that extort money from its content creators. The Spotify only compensate the artistes with a little fraction of money from the album sold. But with the advent of blockchain, many people would get paid according to the way fans love their contents.

Now, let's check those blockchain platforms designed for fair music distribution.

UJO MUSIC
This is a platform built on the ethereum blockchain that allows for fair compensation among the artistes who uses the platform. With this, musicians can now digitize their music rights and share their information openly. Currently the platform is in its beta version.

VOISE
Also, another platform built on the ethereum blockchain where artistes can be made celebrities even without going to shows. The artistes find their fan base and get their music in front of their audience.

LBRY
This one is meant for all digital contents. New DApps cab as well be built on this platform. Currently, the team is building an app (also called LBRY) focusing on mostly video contents. Fans can directly support their favourite creators instantly through cryptocurrency payments.