Altcoin: Musicoin project revolutionized the world of music industry --- Full Review

Musicoin seeks to decentralize the music world, which is mainly controlled by three large companies.

Universal Music Group, Sony Music, Warner Music Group, and most of the world's musicians and artists are directly or indirectly associated with the three companies. How so ...

First we must know that the world of music is divided into two categories:

1- artist who has a contract with one of the small or large production companies and the latter linked directly or indirectly with one of the three large companies that we talked about previously, which means that despite the multiple names of companies, but it is linked hierarchically and centrally.

2- The independent artist who finances his productions by himself, including the distribution process, which draws his expenses from his own money or by his supporters.

Each category has its own advantages and disadvantages. The independent artist has the absolute freedom to innovate but at the same time he has no contracts that will preserve his intellectual property from theft or exploitation. As for the artist who has contracts with the production companies, he is comfortable in terms of the distribution of his work, which is carried out on a large scale but at the same time be a slave to him, the company with which he signed contracts often monopoly limit creativity.

The musicoin project team developed the idea to combine the pros of both brands and revolutionize the music world, combining finance and signature of intelligent contracts for the music world.

The project will contribute to the reconstruction of the music industry in such a way that artists can freely distribute and distribute their creations directly to any medium (production companies), while receiving direct payments from musicoin listeners and also signing clever contracts on the muscular music of the musicoin.

"The project as a whole is ambitious and launching Musicoin is the first building block for a complete system that will contribute to the rebuilding of the music industry," says Dan Phifer, one of the founders. "As an organization, many innovations will be supported, such as tools that facilitate the dissemination of artworks on the Blockchain network and applications that help listeners discover A new music that meets their wishes ... to the limits of what can be applied through this project and our imagination only those who can draw it. " (Says Dan Phifer).

It should be noted that many of the sites discussed the project, including the site nasdaq.

Source:
https://musicoin.org