You're a co-founder of the decentralized music marketplace Viberate. What inspired you to get involved in the cryptocurrency space?
I got intrigued by the main idea behind Viberate, which is, to put it really simple, democratizing the global music business. It levels the playing field for all parties involved. If this catches on it will bring big changes to music industry, especially in the field of artist bookings, negotiating label deals and the management of copyrights.
When you are looking for investors in traditional business environment, you can get blocked easily by couple of influential people or companies not showing any interest for a groundbreaking project. We’ve made a detailed business proposal that was thoroughly scrutinized online by everybody interested and crypto currency allowed us to get investment for this project from many major and micro investors. We raised $1M in seed capital and then went on to execute one of the most successful ICOs in the music industry to date, raising $10.7M in under five minutes. In a little over four months we managed to hit every deadline set in our roadmap, so the project is going as planned.
Aside from over 160,000 artist profiles we are now tracking stats and featuring information for 60,000 venues, couple hundred thousand events and around 2,000 booking agencies. It is an open sourced database, so users add around 2,000 new profiles to Viberate every day and in exchange we are giving VIB tokens to the contributors. We won't stop until we change the music industry for good.
What impact do you think new technologies (like cryptocurrency) will have on the future of electronic music?
They might totally change music business. Right now, there are already at least five companies developing new solutions for the protection and management of music copyrights. The current system of copyrights is obviously not working, as it didn’t offer a working solution for this since the rise of Internet. The system of blockchain and cryptocurrencies allows you to monitor use of every single track used in digital world.
On Viberate we are also introducing smart contract for artists bookings that will bring more transparency to the market and give power to all parties involved, not only the dominant one. These are only two issues we can solve with new technologies and they are already solid fundament for big changes in the music industry, though there are many more. We have many more ideas but I can’t talk about them just yet.
amazing facts
Join the revolution
www.viberate.com 
