Published On: Thu, May 17th, 2018

Promising Start-up Younk is Modernizing the Music Industry with Blockchain

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Younk is a blockchain platform that aims to modernize the way the music industry, as a whole, works. It will allow music lovers to participate in the process of discovering new music, while also providing the opportunity to co-own future hits and share in their income. 
Modernizing the Music Industry
Did you know that up to 70 percent of music industry revenues are owned by the ‘Big Three’ major labels — Universal, Sony and Warner Music? Only they decide what songs should be popular all over the world and who’ll be the next superstar. It’s time a company came along and modernized the music industry. Younk is that company.
Younk has been created to make the music industry accessible and profitable for both artists and the music-loving community.
It is the first decentralized community label which is open for everyone the world over, driven by both the community and listeners, and which makes it possible for everyone to capitalize on music.

The blockchain-based platform gives everyone the opportunity to discover, support and co-own hits, and is the perfect place for talents to be heard. It is also an alternative to traditional labels for the …

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