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Asia-Focus . Media . Industry Publication

April 15, 2024

With Blockchain, fans can purchase an album with existing cryptocurrencies such as Bitcoin and Ethereum and will be able to collect crypto rewards in the form of “Audio coins” when engaging in social media interactions." Image courtesy of Wonderfruit, Izzy Bizu.
[Photo: courtesy of Wonderfruit, Izzy Bizu. With Blockchain, fans can purchase an album with existing cryptocurrencies such as Bitcoin and Ethereum and will be able to collect crypto rewards in the form of “Audio coins” when engaging in social media interactions."]

How Blockchain Could Change The Way Artists Distribute Music

In theory, the artist receives a certain amount of money per play. Rights holders like music labels, producers, musicians, vocalists, etc., are all claiming their share of the revenue generated. Figuring out who to pay and how much to pay them, therefore, becomes a complicated task. Metadata, which accompanies tracks, contains info such as who the right holders are. However,…

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