Published On: Fri, Jan 12th, 2018

Crypto Hopes to Go Multi-Platinum in the Music Industry

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Artists are turning to cryptocurrency in order to take control and maximize their music royalties in a move that is turning the music industry on its head.
Record labels have a long and sordid history of screwing over musicians and songwriters. It used to be common for an artist to have a gold or platinum hit and yet somehow still owe the record label money. Just before he died, rock god Jimi Hendrix was so broke that he had to borrow money from one of his band members in order just to eat. In this digital age, musicians are using technology to take control of their financial futures. One of the more intriguing options is the use of cryptocurrency to help monetize music royalties.

The Mechanics of Song Ownership
Contrary to most people’s expectations, the artist who sings a hit song may not be the one who financially benefits from it the most. That would actually be the person(s) who actually wrote the song, which is why musicians and writers will fight tooth and nail to get credit for a song.
Whenever a song is used for commercial purposes, the people who have credit for a song …

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  1. DARK DARK says:

    Crypto Hopes to Go Multi-Platinum in the Music Industry

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