Cointelegraph: Blockchain Power to Build Next Generation of Live Music Stars Through Viberate

in #viberate7 years ago

Viberate, a decentralized music talent marketplace's token - VIB will be unlocked and start trading on LiveCoin exchange this Friday - October 6th. There has been great demand for the token around the web as many potential investors were left out of the ICO, which ended in only 4 minutes and 42 seconds. Next change to get the VIB will be this Friday. Below is the Cointelegraph's story on Viberate.

Hoping to solve a problem with an elitist music industry, Viberate  believes that Blockchain technology can once again act as a disruptive  technology and produce a marketplace for live music acts and organizers  to thrive on. Being massively centralized to begin with, the live music industry  holds tiers of elite organizers and top-level acts that rake in most of  the claim and fortune. Yet Viberate aims to break down that hegemony and  allow live acts to put themselves up to be found, and for organizers to  search the marketplace. 

An IMDB for live music

The platform that Viberate has created is proposing to put the entire  live music ecosystem under one roof and can be compared to IMDB, but  for music. The Viberate network will operate on the Blockchain and allow  live actors to create a profile that is accessible to contributors, but  more importantly, accessible to event organizers on the hunt for good  acts. Profiles, of which there are already almost 400,000 - from artists,  venues and events -  have been ranked, built, and curated by members of  the network, which provide a fair assessment of the live gigs and allow  them to be actively improved upon on the platform. By utilizing the Blockchain,  anyone can contribute, and for Viberate, they claim this will  exponentially grow the network and expand the music industry in a  disruptive way. Viberate hopes that the direct decentralized nature of Blockchain technology will be the hammer that breaks the centralized castle of the music industry. Those making the changes on the network, or marketplace, can already  contribute from across the world and as such, they are incentivized with  the token - the Vibe - and thus real-time trends are making themselves  felt. Viberate will be listing their Vibe token on the first exchange on  Oct. 6, on LiveCoin. As it stands, Viberate is still only offering  “Vibe points” which will later be converted into Vibe tokens as the  platform grows. Using Blockchain technology to crowdsource the curating process of  the information in musician, venue and event profiles allows the  Viberate platform to keep the database up to date and relevant. 

Building a roadmap for a music marketplace

Because of the size of the music industry, and the different players  involved, Viberate is taking a cautious and measured approach to  revolutionizing this ecosystem. Their ICO began as a success, selling out in under five minutes,  raising the $10 mln hard cap. This was followed by them launching venue  profiles to go along with the 130,000 artist profiles. With this marketplace set up now in two key areas, Viberate is hoping to entice contributors with their rewards of Vibe - the Blockchain token. Adding new profiles, curating existing ones and promoting Viberate on social media  and forums will soon be rewarded with Vibes. From the content  perspective, booking agencies can expect their profile roll-out near the  end of 2017, according to Viberate. 

Source: Cointelegraph, 3.10.2017

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.028
BTC 57286.76
ETH 2998.80
USDT 1.00
SBD 2.26