5 ways crypto upgrades the music industry:
1. Distribution
Right now it takes 3 months to get paid after your song is streamed on Spotify. It should be instant.
2. Permanence
Your music shouldn’t disappear when a platform shuts down. Your playlists + mixtapes shouldn’t disappear either.
3. Splits and rights
There should be one source of truth for all song ownership, with smart contract splits for all contributors.
4. Ticketing
Transparent ticketing. Verified fan-first purchasing. Kill scalping with smart contract resales.
5. Know your fans
Artists should know who streams their music, buys their merch, buys tickets.
6. Bonus: capital formation
Artists should be able to raise money without predatory record label and publishing deals. Patronage from fans, or shared incentives via token ownership.