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Can Blockchain Fix the Broken Music Industry?
Unlocking the Future #36
Alright mates, the music industry is fucking brokenâartists are left with crumbs while labels and streaming platforms take the lionâs share.
Today, weâre exploring how blockchain could shake things up, offering artists a fairer deal and fans a real stake. This is Unlocking the Futureâletâs dive in.
Whatâs Blockchain Doing in Music? đ”
The Music Industryâs Dirty Laundry đ°
How Blockchain Fits In đ
Whoâs Already Rocking It? đ§
Challenges & Roadblocks â ïž
Future of Music on the Blockchain đź
Our Take đ
Whatâs Blockchain Doing in Music?đ”
Blockchainâthe tech behind Bitcoinâis making waves in music. By March 2025, the blockchain music market has hit $57M, up from $15.2M in 2020 at a 32.2% CAGR (Compound Annual Growth Rate).
Still small next to the $30B industry, but itâs tackling unfair payouts, rights chaos, and label greed with a tamper-proof ledger. Instant payouts for artists? Fans owning tracks? Itâs realâand itâs growing fast!
The Music Industryâs Dirty Laundry đ°
Labels Taking the Piss: Labels often claim up to 80%âa $1m track leaves artists with $200k, sometimes just 12% of the $43bn total. Big names like Nasmight negotiate 50%.
Streaming Shortfall: Spotify offers $0.003/streamâ333,333 streams for $1,000, with 70% of artists earning under $1,000 yearly.
Rights Mess: Ownershipâs a bloody tangleâ40% of royalties go unclaimed because of dodgy paperwork and delays stretching months or years.
How Blockchain Fits In đ
Smart Contracts: Auto-deals on Ethereum, Solana, or Flow pay artists 70% instantly in USDCâEthereum transactions may reach 10m in 2025, Audius at $20m.
NFTs & Ownership: Sell tracks for $1,000 with 10% resale royalties or album sharesâNFT marketâs $100m, Nas on Royal at $50m.
Decentralised Revenue: Platforms like HIO Music ($10m revenue) pay artists 100% in crypto, fans earn via Diploâs $600k NFT haul.
Whoâs Already Rocking It? đ§
Blockchainâs music revolution isnât just theoryâthese platforms are making moves:
Royal: $50M in fan investments by 2025 (up from $10M in 2022). Fans buy royalty sharesâ3LAU,Nas and Diplo onboard! Expected to reach $75M as more artists tokenize, with a mobile app likely next.
Audius: Built on Ethereum and Solana - 10M users, $20M paid, targeting 15M users and $30M in payouts.
Sound.xyz: With 500k users and $10m in sales by 2025, up from $2m in 2023. Expect: $20m in sales as it hooks more big acts
HIO Music: 5M users, $10M revenue, expected to double.
SonyâsSoneium: Now holds 10% of Sonyâs catalogue, expanding NFT drops.
Cooprecs.fun: Coopâs Base-built app lets users invest in tracks like "stocks".
Each song launches with 1 billion coins.
Once 80% sells for 3.1 ETH, a Uniswap liquidity pool starts.
Artists earn 0.5% on every tradeâmore trading, more earnings.
Now live on Farcaster as a Frame, letting fans listen and collect from their feed. Check it out HERE.
Challenges & Roadblocks â ïž
Adoption: Only 31% of music pros used blockchain in 2022âby 2025, maybe 50%, but artists and fans still think itâs crypto gobbledegook.
Legal Muddle: Copyright laws are stuck in the â90sâNFT royalties are a legal grey zone, and a 2024 EU directiveâs still half-baked.
Tech Hiccups: Streaming billions of tracks? ToughâEthereumâs gas fees sting, Solanaâs scalabilityâs tested, and energy use might hit 0.1% of global power.
Future of Music on the Blockchain đź
Creator Power: Artists owning masters, setting prices, and building crewsâlabels could be knackered. By 2030, 20% of music revenue might flow through blockchain, up from 0.2% in 2023.
Fan Revolution: Tokenized tunes turn fans into investorsâthink gig tickets or VIP perks via NFTs, hitting $500m by 2028.
Sony & Coopâs Play: Soneium could scale to 20% of global rights, while Coop Protocolâs $1 model might spark a creator-first wave, eyeing 10m users by 2027.
Percs Partners đ€
Before we're heading to Our Take, we want to give a massive shout out to our partners at Percs, the masterminds behind free marketing tools for onchain creators and Farcaster Games!
Go check them out on Farcaster and X and get involved!
Our Take đ
This blockchain beatâs picking up pace. Will it rewrite the rulebook or fade out? Weâre all earsâstay tuned as it unfolds!
Whatâs your shout? Will blockchain save artists or baffle the punters? Drop us a lineâweâll riff on it next time!
Cheers for rocking with us, crew. The futureâs humming with blockchain vibesâletâs keep unlocking it together!
Want to Collab with Us?
And that's it for today! Thanks for reading â„ïž
đ The Future of Music Distribution is Here! đ
Say goodbye to outdated systems and hello to blockchain-powered music platforms:â
Decentralized Streaming: Enjoy music without corporate gatekeepers.â
Fan-Owned Music: Invest in your favorite tracks and share in the success.â
Global Accessibility: Artists reach audiences worldwide without barriers.â
Learn more about this musical revolution in our upcoming newsletter.
Don't miss outâsubscribe now!
https://paragraph.xyz/@trustmebroshow/can-blockchain-fix-the-broken-music-industry
hey, this is great write up!
Going to Solana meetup today?
Trust Me Bro Show
Commented 2 months ago
Thank you mate!
No meetup today mate đ„č
Trust Me Bro Show
Commented 2 months ago
đ¶ Unlocking the Future of Music! đ¶
Ever wondered how blockchain is transforming the music scene? Our latest newsletter dives deep into:â
Smart Contracts: Ensuring artists get fair and instant royalties.â
NFTs: Empowering fans to own exclusive music content.â
Decentralized Platforms: Connecting artists directly with their audience.â
Join us as we explore how technology is reshaping the sounds we love.
Subscribe now and stay ahead of the curve!
https://paragraph.xyz/@trustmebroshow/can-blockchain-fix-the-broken-music-industry
Trust Me Bro Show
Commented 3 months ago
Can Blockchain Fix the Broken Music Industry?
Everyone loves music, so we dove deep into how blockchain could fix the music business.
Our latest episode is out, and weâre breaking it all downâfrom fair pay for artists to fan-powered ownership.
Letâs turn the volume up on the future of music!
Check it out on @pods đđœ
https://pods.media/trust-me-bro/can-blockchain-fix-the-broken-music-industry
đ The Future of Music Distribution is Here! đ Say goodbye to outdated systems and hello to blockchain-powered music platforms:â Decentralized Streaming: Enjoy music without corporate gatekeepers.â Fan-Owned Music: Invest in your favorite tracks and share in the success.â Global Accessibility: Artists reach audiences worldwide without barriers.â Learn more about this musical revolution in our upcoming newsletter. Don't miss outâsubscribe now! https://paragraph.xyz/@trustmebroshow/can-blockchain-fix-the-broken-music-industry
hey, this is great write up! Going to Solana meetup today?
Thank you mate! No meetup today mate đ„č
đ¶ Unlocking the Future of Music! đ¶ Ever wondered how blockchain is transforming the music scene? Our latest newsletter dives deep into:â Smart Contracts: Ensuring artists get fair and instant royalties.â NFTs: Empowering fans to own exclusive music content.â Decentralized Platforms: Connecting artists directly with their audience.â Join us as we explore how technology is reshaping the sounds we love. Subscribe now and stay ahead of the curve! https://paragraph.xyz/@trustmebroshow/can-blockchain-fix-the-broken-music-industry
Can Blockchain Fix the Broken Music Industry? Everyone loves music, so we dove deep into how blockchain could fix the music business. Our latest episode is out, and weâre breaking it all downâfrom fair pay for artists to fan-powered ownership. Letâs turn the volume up on the future of music! Check it out on @pods đđœ https://pods.media/trust-me-bro/can-blockchain-fix-the-broken-music-industry
Watch on YouTube: https://youtu.be/e_jfTBwgKhE
Prefer reading? Dive into all the links and resources here: https://paragraph.xyz/@trustmebroshow/can-blockchain-fix-the-broken-music-industry
Shout out to our partners @percs đ€ Go check them out!