From ownership to opportunity, Web3 is still on a mission to reshape music

As streaming platforms predominate euphony distribution, artists person progressively recovered themselves sidelined and earning fractions of pennies per play, each portion relying connected centralized platforms to scope fans. 

However, successful a country of the integer world, a caller question of creators, developers and platforms are exploring however Web3 tools tin connection an alternative. 

Decentralized euphony platforms 

Decentralized, Web3-native euphony platforms person emerged successful caller years to connection artists much power implicit their content, much nonstop entree to their audiences and amended monetization models. 

Many of these music-related usage cases are not conscionable theoretical and are already successful the assemblage astatine work. 

Instead of uploading songs to a level that owns the information and controls the algorithm, artists’ options are expanding to administer their euphony done decentralized platforms, similar Audius, oregon token-gate contented and adjacent connection collectible versions of tracks that fans tin ain and trade.

In an interrogation with Cointelegraph successful precocious 2024, Dave Stewart of Eurythmics, who co-founded the Web3 euphony level SongBits, told Cointelegraph: 

“Web3 allows america to guarantee implicit transparency successful however these funds are handled, giving fans and contributors bid of caput that their enactment is making a existent difference.”

Leading by example

Now, Cointelegraph is joining the experiment. To people the caller motorboat of its caller regular X amusement Chain Reaction, Cointelegraph has partnered with Audius to motorboat a remix contention to find the show’s authoritative taxable song. 

Related: AI tin constitute bully music, but humanity inactive holds the originative baton 

Artists from each corners of the web are invited to usage the remix diagnostic connected Cointelegraph’s basal way connected the Cointelegraph Audius profile and upload their archetypal taxable opus to Audius with the tag #CTChainReactionTheme.

The winner’s euphony volition beryllium featured regular arsenic the intro and outro to the show, and they’ll besides beryllium invited for a little impermanent appearance. For afloat contention info and prize package, sojourn the lawsuit page.

It’s a tiny contest, but it reflects a bigger shift: Decentralized creator ecosystems person real-world applications that enactment and tin thrive, not conscionable arsenic selling stunts, but arsenic a mode to prosecute much straight with Web3-native communities.

As music, contented and civilization go progressively intertwined with onchain infrastructure, the originative system whitethorn yet beryllium heading toward thing much equitable and much fun.

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