Web 3 is changing how funding, distribution and promotion work in the music industry - for the better.FundingWeb 2When artists want to release a new project, they have to raise money from a label upfront, in exchange of a high volume (50-90%) of the future royalties generated by this project. Taking a step back, labels are just a funding mechanism. And this funding mechanism is suboptimal because labels are taking all the risk while having no emotional connection to the artist, which is why t...

Web 3 is changing how funding, distribution and promotion work in the music industry - for the better.FundingWeb 2When artists want to release a new project, they have to raise money from a label upfront, in exchange of a high volume (50-90%) of the future royalties generated by this project. Taking a step back, labels are just a funding mechanism. And this funding mechanism is suboptimal because labels are taking all the risk while having no emotional connection to the artist, which is why t...