Author

Topic: Music Label Blockchain/Token Use Case (Read 72 times)

newbie
Activity: 2
Merit: 0
May 08, 2021, 02:15:47 PM
#4
I want to tell you only one thing, if you do not create an ecosystem for a user friend, then you will not see success. Of course, this is interesting as an idea, but it is the most difficult thing to implement it and this requires a huge team of specialists.


That's not true. The label would have rights to a certain percentage of the artist projects for example. We already specialize in growing and monetizing artists using existing systems such as YouTube, iTunes, Spotify, and existing blockchain platforms. That money would then be moved back into the coin market. We would just be a label not a streaming platform, we can utilize existing platforms for that side of things giving us a much larger chance at succeeding than existing projects that are trying to compete with these huge already working services.

The label woud use existing funds to pay and promote artist, we would have platforms that allowed majority stake holders to vote and partake in choosing which artists we wish to take on  and promote. There are many things we would need, but reinventing the wheel wouldn't be one of them.
member
Activity: 423
Merit: 11
May 08, 2021, 02:01:08 PM
#3
Music is indeed a necessity for everyone on holidays. Of course, there are many who want music. But you have to be able to make an art group more interesting, so that many people will like it. This is because many art groups have disbanded. In addition, art groups are not only local. If the art group is only local, then the circulation of the coins that you develop is also local, making it difficult for you to increase the price of these coins. Then you just entered the blockchain world. It is not easy for someone to believe in a product without being tested for the usefulness of that product.
full member
Activity: 1050
Merit: 103
BIB Exchange
May 08, 2021, 10:58:49 AM
#2
I want to tell you only one thing, if you do not create an ecosystem for a user friend, then you will not see success. Of course, this is interesting as an idea, but it is the most difficult thing to implement it and this requires a huge team of specialists.
newbie
Activity: 2
Merit: 0
May 08, 2021, 08:57:53 AM
#1
Hi all, We're a small but growing label with several artist. We have a modest discography and are always looking to help new artist learn and grow with their craft. We're considering creating a cryptocurrency for our blockchain that would be used to pay our artist, and could be used by users to purchase music, merchandise, and tickets, and investors could use token to buy shares in our growing label. We're wondering if something like this has ever been done? It seems like it would be perfect. By using a cryptocurrency with staking enabled artist of the label would be able to be paid by the label using our coin which would then grow with the company, giving them more value if they hold and stake. This is great for an up and coming artist as it could provide the funds they need to start touring and the label could further promote their work as the coin grows in popularity and is also grown by our income generated that is put back into the coin ecosystem. Would love to hear if anyone has done this or has any thoughts on the idea.
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