Musicoin ! Music streaming on the Blockchain

j-clef (67)in Steem Alliance • last year

Musicoin music streaming is a blockchain-based platform that has become a pioneering platform for independent musicians, allowing unprecedented financial freedoms by providing an entirely new model for streaming music royalties. The idea is to incentivise independent musicians to produce and distribute music by creating a platform that provides an equitable economy for all parties. Musicoin promises to revolutionize the music industry by eliminating many of the friction points for artists and fans alike, giving the independent music community the resources and benefits of the streaming services enjoyed by major labels.

Musicoin consists of two main components: the Musicoin Music Player and the Musicoin cryptocurrency. The Musicoin Music Player gives users an easy-to-use platform to listen to music, while the Musicoin cryptocurrency allows users to purchase, sell and trade music without any intermediary or transaction fees.

The cornerstone of the Musicoin platform is its innovative and equitable system of music streaming royalties. Instead of using traditional payment methods, Musicoin uses a revenue model known as pay-per-play (PPP). With PPP, musicians earn royalties based on the number of plays their songs receive. The revenue from each play is divided equally among the song’s creators, from producers and writers to engineers and artists. This ensures a fair resources distribution and provides significantly higher revenue to independent artists compared to traditional music streaming models. In addition, the platform eliminates middlemen and royalties, ensuring the highest possible return on the music.

Musicoin also promises fairness and transparency when it comes to distribution of revenue. Since the payments are made using a blockchain system, all payments are recorded and publicly visible, so every artist receives the money they are due. This transparency also allows artists to track payments, ensuring that they are paid promptly and accurately each time a song is played.

From the artist perspective, Musicoin offers numerous advantages. With the platform, they can release their music without the need to be signed to a major label, giving them more control over how, when and where their music is released and allowing them to keep a greater share of their profits. Musicoin also makes sure that tracks are properly monitored, giving proper credit to all creators. Through the platform’s peer-to-peer network, artists can also gain instant recognition from fans, allowing them to promote their music and build a following.

On the other hand, Musicoin also promises a great listening experience for music fans. Thanks to Musicoin’s blockchain technology, it is now easier for users to discover music, explore new albums and recognize new talent. The platform is also faster and easier to use than many traditional streaming services, saving users time when it comes to finding the music they love.

Overall, Musicoin is an innovative platform that has the potential to revolutionize the music industry. By eliminating the need for third-party payment structures and promoting equitable music streaming royalties, Musicoin gives musicians more control over their music, while also granting fans a better listening experience. It is an exciting new development that looks set to shape the future of music consumption.

All images are screenshot from https://musicoin.org/

Sources

“What is Musicoin and How Does it Work?” Musicoin, Musicoin, https://musicoin.org/

“Musicoin: How Does the Platform Work?” DexLab, DexLab, 28 Feb. 2020, https://dexlab.io/pulse/musicoin-how-does-the-platform-work#:~:text=Musicoin%20is%20a%20blockchain,and%20engineers%2C%20equally.

“Musicoin ($MUSIC) Review: What Is Musicoin and What Are the Benefits?” Coinfundr, Coinfundr, 1 Apr. 2020, https://coinfundr.com/musicoin-music-review.