You are viewing a single comment's thread from:

RE: The Three Challenges That Every Music Blockchain Startup Faces

in #blockchain7 years ago

I think you hit the nail with your arguments. I must say, in the entire Crypto world, user experience is forgotten, as if it doesn't matter. Well it does! Also in blockchain w saw some pay-per-track-listen offerings (musicoin) which failed because that is a couple of steps back for the listener compared to Spotify, TIDAL and others. Than I think what most services lack are the service an artists uses to sell their work, like labels, publishers etc... This AudioCoin that will be given away with the purchase of the upcoming Bjork album has a label section in their service "Aurovine" , I didn't see that with Musicoin and others. I think for the big(ger) artists platforms like iTunes, Google Music, Beatport will be used for a considerable time still. These platforms already give more to the artist, and that is one of the claims made by all new music platforms, the artists shall earn a larger cut from their work. Reality is that those who can spend most money to promote their work, earn by far the most, which is in the end just the top of a enormous pyramid. I think artists will have to earn their living with performing, rather than selling the music on top of a medium. I see this with my friends in the electronic music scene. 10/15 years ago they made some decent money with an EP/LP, nowadays not anymore. But, they HAVE to produce otherwise promoters will not want to book the DJ/performer anymore, so releasing becomes more like marketing rather than a direct revenue generator. Maybe it should be like that in the end.