nankninkboy

PROBLEM Music Industry: Music industry is an industry fraught with substitutable intermediaries, piracy, and economic imbalance - a market ready for blockchain and its technological idealism. Musicians and fans are the real value creators in today’s music industry, but they are not properly rewarded for their value creation. Musicians are starving. Everyone listens to music, more people pay for music, but artists are still not making money. Fans (that’s us) are still pigeonholed as consumers, though we are the ones who actually make super-stars! We devote our time and effort to vote, make cover songs, go viral, and even write fictions for our favorite artists, but no one rewards our effort and devotion. Intermediaries (distributors and platforms) are making excessive profit for one time and unsophisticated tasks of 'transferring' the ready-made values. SOLUTION While other music blockchain projects generally focus on peer-to-peer transaction, we believe such meth...