The music world is seeking to find a solution to low artist royalties from streaming platforms. Warner Music Group is building its own superfan app and Universal Music Group acquired a stake in Complex through a takeover focused on superfans and e-commerce. In short, the monetization of superfans is currently on the agenda of music industry giants. According to the statements made, their aim wil be to strengthen the artist-fan relationship and grow the pie for all artists. This is truly one of the most important agendas of the music industry and those who develop the app that will be a better solution for artists will be a bigger brand.
British singer and producer James Blake has made a smart move by launching Vault, a direct from artist to fan unreleased music streaming platform.
Vault is a very new platform and was launched today, March 20, 2024, and on its about page it is stated that their aim is to empower artists and fans. And "With Vault.fm, artists can share their unreleased tracks directly from their vault to their fans and tap into a new recurring revenue stream." In short, in amongst all the talk of superfans, the Vault platform allows artists to target them without including their record labels.
Fans pay $5 every month to unlock it, and the platform also includes features for fans to chat and post comments about tracks.
The Vaultfm platform is quite new and it is not possible to make an evaluation about it yet, but I think it is a very smart initiative. I hope it will be a good solution for artists and fans, and if so, it will probably become a big brand. We'll wait and see. If you want to learn more and take a look at the Vaultfm platform, click here.
Music is powerful enough to change lives. Enjoy the music and stay with Love.
Question of the Day : What do you think of the Vaultfm platform? If you don't have an answer to this question, You can talk about your favorite song or anything related to music in your comment.
Today 3 more cards were added to my collection.
i197 PBG 405 is a common card and has 5 Luck.
i213 SW91 is a common card and has 1 luck.
R458 Elroy is a rare card and has 135 fans, 70 skill, 4 luck and 3 IM.
My Cards : 3385
Fans : 142779 (From cards: 139116 - Temporary drunks: 3663)
Luck : 30611
Skill : 213267 (From cards: 105887 - From lessons: 107380)
IM : 2663
Ego from fans: 142779 (3663 are drunks).
Ego from missions: 92982
Total: 235761
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Results of Last Giveaway
The post that is the subject of the giveaway : Click for the post
Since "Hive random comment picker" gave "RPCError. Try to change the node in extra options", I used "Hive Random Picker" to determine today's winner.
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- Transaction TX : 584eb10db1b53c5c40c2b38c1317e2dfc9412e44
Other participants: @akiraymd @alexvan @buzzking @hatdogsensei @henruc @imfarhad @jfang003 @kryptof @pero82 @stamato @subidu @tydynrain
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It is very interesting
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the music will be really different in the next decades...
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The Vaultfm platform seems to be a new initiative aimed at empowering artists and fans by providing a direct channel for sharing unreleased tracks and creating a recurring revenue stream.
I'm in @fredkese
@imfarhad congratulations
count me in @jfang003
I don't know enough about it right now but it's a possible solution. If it works out, I think it's good for artists.
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It's an interesting idea, and one that seems like it could be quite useful. If artists can connect with their fans directly, taking agents and record labels out of the equation, it would change music immensely. 😁 🙏 💚 ✨ 🤙
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I think more options is always better for the consumer and music producers. A monopoly only benefits themselves.
This is really cool. Thank you for sharing on this!
Count me in.
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Interesting website. This should benefit new artists to expose new music, but how much beneficial it will be monetary time will tell.
thank you for the starbits.
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it is the first time I heard about it
Thank you for sharing!
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