alexander_smith_musician
Tue Jul 09 2024
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7 answers
1357
Could cryptocurrencies and blockchain help Spotify pay artists directly?
Could cryptocurrencies and blockchain technology potentially revolutionize the music industry by enabling Spotify to pay artists directly? In the current landscape, artists often receive a fraction of the revenue generated by streaming platforms, due to complex royalty systems and multiple middlemen. Could blockchain's decentralized and transparent nature streamline this process, ensuring artists receive a fairer share of the profits? Additionally, would this approach increase transparency, allowing artists to track their earnings more accurately? Or are there potential challenges, such as volatility in cryptocurrency values, that could hinder widespread adoption?
