Music business is cashing in on cryptocurrency, but is it 'the next revolution'?

[CyberMiles]

Cryptocurrency can buy you a dance at a Las Vegas gentlemen's club or tickets to see the Dallas Mavericks in their 2018-2019 season. But if you're more into music than cabarets and sports, a record label in Texas recently started accepting crypto for music and band merchandise.

This is just one in a larger movement toward decentralization driven by blockchain and cryptoeconomics. One of cryptocurrency's selling points is that it's not "centralized" or stored in one database, but rather many databases. There are now efforts to apply that same thinking to music publishing and licensing, music curation and even journalism.

How crypto could work in the music world

Any discussion about crypto revolves around two separate but complimentary concepts: the token, coin or currency; and blockchain, the technology that supports it. Both are enticing to musicians because they remove the need for third-party organizations such as labels, and are said to give artists greater control of their intellectual property.

https://www.guidelive.com/music/2018/07/15/music-business-feedbands-cashing-cryptocurrency-dash-next-revolution

[mummybtc]

This is a positive news, nobody knows how great the impact of crypo would be in coming years, one thing I know is the Crypto has come to stay one just need to position oneself in the right projects because mostof these projects in the space are unsustainable but those that do will be big.

One thing I don't know about this move is if they are selling the crypto collected immediately on the market or they are holding it, which is what we all hope for.

[benpoliang2m]

This is a very positive news. In reality, many companies and some organizations are using or preparing to use cryptocurrencies. This fully demonstrates that cryptocurrencies will increasingly participate in people's lives and work, so I believe in encryption. Money will be better tomorrow