Ujo ethereum coin
Username or Email Address. But he also launched his own webstore selling the album using the Ether cryptocurrency. This was billed as the first full-length album to be distributed using the Ethereum blockchain platform. It quickly became apparent that he was right. It relies on fans having Chrome plugin MetaMask installed, as well as having some Ether currency to hand — the getting of which involves a Google search at least.
More than 1, artists have already registered their interest with the company. Those who wholly own their rights will be able to release their music; fill in metadata fields including songwriters, performers and producers; and set the splits so that royalties can be paid out automatically. We hope to see the first AI artist license their samples, and then be used in the latest vlog of a YouTube star that is yet to arrive.
EGO is interesting for another reason: RAC is signed to independent label Ninja Tune, with publishers and collecting societies also involved for him and his collaborators. One key aspect is the fact that anyone buying the album gets an EGO token — an official blockchain record of their purchase. Spotify, for example, is working with some artists to offer presales and merchandise discounts to their keenest streamers, while services like Bandcamp and Patreon work on the basis that a purchaser becomes a member of a core community for an artist.
In a way, it sort-of self-regulates piracy: Most of what Ujo Music is doing sits outside the traditional music-industry structures: A lot of them make money from being opaque. They need to be shown that by being more open and more transparent, they can actually make more money. But how do you just become a musician, without having to go on tour days a year, or living on ramen in an apartment with three other people?
Spallone says that there are parallels between the blockchain space today and the philosophy of the filesharing community that brought such disruption to the music industry in the late s onwards. But with one crucial difference. But it should work! Ujo Music on blockchain: Leave a Reply All fields required. Related posts Read More. Jaak hails its first blockchain music-rights pilot with rightsholders. Our latest Music Ally report explores the outlook for blockchain music startups inafter several months of bad news around blockchain firms, initial coin offerings ICOs and cryptocurrencies.
Will the wobbles in the Blockchain-music startup Vezt reveals advisory board. Contact Music Ally Ltd. We use our own and third party cookies. If you continue browsing we consider you accept the use of cookies.
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