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letra de top 5 music-based crypto projects in the world - john

the world of cryptocurrency can be a confusing one. there’s a ton of terminology and unfamiliar names, but once you digest the basics and ask enough questions, you start to get it. the more you learn about it, the more interesting it becomes

today, it’s easier than ever to buy crypto with a credit card. you can use various online platforms to purchase and convert cryptocurrency (to fiat)

with cryptocurrency on the rise in recent years, we’re seeing more artists buy into projеcts that support crypto-based music platforms, such as soundcloud and bandcamp (which lets creators choosе whether they want to receive payments in fiat-equivalent currency via paypal or in bitcoin)

artists seem willing to adopt these new systems if it means having greater control over their work and getting paid faster. soundcloud even offers discounted rates for all its pro accounts if paid for with crypto tokens like bitcoin and ethereum

let’s take a look at a few recent music-based crypto projects:

musicoin

musicoin is a new kind of music platform that enables artists to monetize their work and listeners to experience it in a whole new way. as the first decentralized, autonomous, peer-to-peer music platform in the world, musicoin allows listeners to pay artists instantly and directly for streaming and downloading their songs. it’s an exciting development in digital rights management that could bring about a paradigm shift in how we think about music distribution

audius
audius is a new music-sharing platform built on the blockchain, using its native cryptocurrency token to pry power away from record labels and other middlemen

the first thing to understand about audius is that it’s a next-generation decentralized music-sharing platform. this means that there are no third parties involved in the process of uploading or listening to music

as with decentralized applications in general, audius aims to give control of data back to its users. musicians can create profiles, upload their original songs, and get paid when others like their music enough to purchase tokens as tips for performing. you don’t even need an account with audius to access this free-to-listen library. it’s open to anyone who wants it

audius isn’t just trying to be another spotify or soundcloud clone—it’s taking advantage of the decentralized nature of ethereum and ipfs technologies. where these platforms are centralized databases, audius has its own private blockchain where information can be stored securely and fully audited by partic-p-nts in the network

the company doesn’t have access to your private information either

all your personally identifiable information (name, address, etc.) is encrypted before being stored on the blockchain. the company also keeps no logs of ipfs request history (the time you listened or uploaded a song), meaning they can’t identify you even if they wanted to look at these logs

peertracks

peertracks is a music-focused cryptocurrency platform that aims to rewire the way artists are paid and how their fans listen to and buy their music. utilizing blockchain technology, peertracks enables artists to sell their music and merchandise directly to fans with no middleman taking a cut of the profits

artists keep 90 percent of the revenue from their streams and downloads, keeping more money in their pockets. fans can use peertracks tokens (or “peercoin,” as they’re also called) for payments on the site or trade them for other cryptocurrencies like bitcoin or ethereum

in addition to paying musicians royalties directly, peertracks also helps musicians earn extra income by enabling users to tip each other (and themselves) in peercoins when they like a track or share it on social media

and unlike many companies that have tried similar tipping plans in the past, peertracks is powered by blockchain technology, so tips are fully secure—no one can take payment away from you just because they think you’re your favorite band’s biggest fan!

listen to the best music artists in the world by investing in cryptocurrency

the world of cryptocurrency is essentially a wild west—in fact, it’s known more for its volatile price swings and extreme risks than it is for the artists behind the music. but modern crypto-based music projects are working hard to break that association and show that cryptocurrencies are an excellent way to support your favorite artists

- john

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