Muse, PeerTracks, and the decentralization of the music industry.
Wouldn't it be financially feasible if the music industry was decentralized? This would undoubtedly benefit the artists, who would receive their fair share of distributing their work to the masses. What MUSE, cryptocurrency, plans to accomplish is just that! With the PeerTracks platform, musicians could directly sell their content to the fans, and obtain real-value compensation for their work! Music bootleggers beware! MUSE is coming with good news: A future decentralization of the music industry to the mainstream!
And when these artists leave their record labels, who's going to handle their promotion? Funding? Etc, etc, etc... I'd love to know what the teams actual background is in this industry they're attempting to disrupt.
I am expecting that @cob will participate on conversations like this...
https://steemit.com/@cob
I love the idea, but the reality is PRS and other collection societies need to work with this so as they have the tech to log all plays in effect you need to have the peertracks and muse meta data as well as the old data to hang togther, Its been awhile since I last took a look at peertracks and please we are getting a bit more info here.
As an anwer to another post here about promotion they old labels have stoped funding new acts and only want dead certs for money or X Factor rejects, take a look at bandcamp as this platform is starting to come of age and Juno Records we are starting to see real bands and DJs and people are connecting to them.
I'm keeping a sharp eye out for any and all developments in the 'let's save the music biz with open source crypto stuff' space. I think it is a super worthy cause and I hope someone finds the right recipe. Don't overlook Bittunes--which has been live for a while, but still small. I have almost as much BTC in my Bittunes 'profit' account as I have in my 'spending' wallet. It is a potentially viable system. Also Adam B. Levine is 'tokenizing' music streaming using a token + new music player. I've often thought that maybe a new bloclchain enabled audio codec might be a piece of this puzzle. It's early days but I like that so many folks seem to want this to happen and are tackling the problem from many angles.
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It is not my task to answer this question, because I am here just to start a MUSE-related discussion, and have no direct association with them nor PeerTracks. But... I do see great potential of this decentralized music system. I am sure that after official launch, PeerTracks would solve any present alike concerns and issues. Let's just hope that MUSE idea could be as revolutionary as ideas, themes, and messages presented by the English rock band Muse. ; )
"as revolutionary as ideas, themes, and messages presented by the English rock band Muse"