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Decentralized music streaming platform powered by blockchain


    Along the intricate and coded routes, the inevitable glitches are costly and impact artists and listeners. The website is provides fast deposits, withdrawals and trading strategies to bitcoin traders.What if, instead of following a cascading set of transactions from distributor to distributor, rights holders and creators could do business with each other peer-to-peer? Blockchain technology has enabled the development of a decentralized music streaming platform that can offer such an opportunity. 


    As a decentralized, peer-to-peer (P2P) platform built on the Ethereum cryptocurrency and blockchain, it can be designed to enable artists to sell directly to their fans and listeners. This technology-enabled music revolution will be powered by smart contracts and blockchain technology, ensuring transparency and security for all involved. In the music industry, that means artists with more control over their intellectual property, revenues and rights.

    Singer-songwriters looking for an alternative to the traditional record label model might be interested in the new opportunities a blockchain-based platform provides. Aspiring artists who still need to be signed up can now offer their music directly to listeners, accessing a worldwide audience from their mobile devices or desktop computers. In the music industry, that means more fan interactions and more extensive fan bases. A platform that empowers artists to connect directly with their fans is the most far-reaching and disruptive innovation since the Internet itself.

    A decentralized network facilitated by a blockchain has the potential to appeal to some listeners in different ways than the traditional streaming platforms they are accustomed to. So let's discuss the benefits of a decentralized music streaming platform powered by blockchain. 

    1. Artists have more control over their content:

    Using traditional streaming platforms, streaming rights are often agreed upon between the artist, their label and the record label; however, a decentralized music streaming platform powered by blockchain represents an opportunity for listeners to accept more direct payment of royalties from the artist. In addition, a decentralized music streaming platform powered by blockchain has the potential to provide greater transparency for artists, who can sell directly to their fans without relying on a third-party go-between.

    This type of control has allowed artists to begin accepting payment directly from fans on their own websites; as it stands, a decentralized music streaming platform powered by blockchain enables this on an even larger scale.

    An artist can consent to pay their listeners directly because the new technology-enabled platform does not require third-party payments but contracts through intelligent contracts.

    2. More revenue for artists:

    The benefit of more revenue for artists is obvious; they get paid directly and in real-time. In addition, artists who have enjoyed mainstream success have also reported feeling additional profits and freedom because they no longer had to deal with record companies.

    3. Easy-to-access music:

    A decentralized music streaming platform powered by blockchain provides easy access to the artist's music; listeners can listen to the artists in their entirety or download individual tracks or albums. Unlike the traditional streaming platforms, listeners are used to, a decentralized music streaming platform powered by blockchain allows listeners full access without having to sign up for a membership or subscribe to a premium service. Artists can also set their prices and release music directly to fans.

    4. Money management:

    Since the artist controls the smart contract, they have full access to their revenues and can decide how they want to distribute them; this also means that artists are more likely to be more active regarding the money they earn.

    5. Minimal fees:

    Listening on a decentralized music streaming platform powered by blockchain should cost fewer fees and royalties, making streaming more affordable for listeners and artists. With the current model at significant music corporations, most profits go back to shareholders rather than producing content or paying artists. Blockchain technology is being used to solve some problems in the music industry, including piracy, transparency and payments. It could even be helpful in the fight against fake news.

    6. Controlled access:

    Because the streaming platform is decentralized, listeners can access it anywhere in the world by installing an app on their mobile devices or computers; listeners do not need to be connected to the Internet to listen on their devices. This type of accessibility means that artists can reach more listeners than ever. Artists who rely on streaming platforms for promotion and income can benefit significantly from this technology-enabled advantage.

    5. Removing labels and go-betweens from the equation:

    A decentralized music streaming platform powered by blockchain will eliminate labels and most of their go-betweens, who are taking a cut of each stream. As a result, they will no longer be needed to negotiate a licensing deal for an artist or group.

    With a fully developed platform, blockchain technology makes it possible for artists to reach listeners directly, remove the intermediaries, keep most of their profits and set their terms for new albums or singles. It is an appealing opportunity for many artists, who would suffer from decreases in income from streaming sites such as Spotify if these services continue operating with the current business model.

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