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Musicoin is a blockchain-based platform leveraging smart contracts to disrupt the traditional music industry. It offers a decentralized environment where musicians can upload their work and be compensated fairly and immediately with the platform's native cryptocurrency, MUSIC, for every play their music receives. Eliminating intermediaries, Musicoin ensures a higher revenue share for artists compared to conventional streaming services. For listeners, it provides an ad-free streaming experience based on a universal basic income model. As an open-source project built on a fork of Ethereum, it uses the Ethereum Virtual Machine (EVM) to facilitate secure and automated pay-per-play transactions between listeners and artists. Musicoin's aim is to create a transparent, efficient, and equitable ecosystem for music consumption and distribution, leveraging its place in the Enterprise Ethereum Alliance to simplify revenue generation and securely automate payouts via smart contracts. As of 17th December 2017, Musicoin has registered 1500 independent artists, indicating its growing adoption in the music community.
Musicoin is a blockchain-based platform leveraging smart contracts to disrupt the traditional music industry. It offers a decentralized environment where musicians can upload their work and be compensated fairly and immediately with the platform's native cryptocurrency, MUSIC, for every play their music receives. Eliminating intermediaries, Musicoin ensures a higher revenue share for artists compared to conventional streaming services. For listeners, it provides an ad-free streaming experience based on a universal basic income model. As an open-source project built on a fork of Ethereum, it uses the Ethereum Virtual Machine (EVM) to facilitate secure and automated pay-per-play transactions between listeners and artists. Musicoin's aim is to create a transparent, efficient, and equitable ecosystem for music consumption and distribution, leveraging its place in the Enterprise Ethereum Alliance to simplify revenue generation and securely automate payouts via smart contracts. As of 17th December 2017, Musicoin has registered 1500 independent artists, indicating its growing adoption in the music community.
Musicoin is a blockchain-based platform that supports music creation, distribution, and consumption in a decentralized manner. It uses smart contracts to connect musicians directly with their audience, enabling fair and immediate compensation using the native cryptocurrency, MUSIC. The platform eliminates industry intermediaries to ensure artists receive a larger share of revenues compared to traditional streaming services.
Musicoin provides artists with direct compensation for each song play through its pay-per-play model, using the MUSIC cryptocurrency. This system offers artists higher revenue shares by eliminating the need for intermediaries like traditional streaming services. Additionally, it facilitates immediate payouts via smart contracts, enhancing financial transparency and security.
Musicoin offers a free streaming service that operates on a universal basic income model. Listeners can stream music without paying or being interrupted by ads, as the platform focuses on decentralized and community-driven principles. This approach allows music fans to enjoy content seamlessly while supporting their favorite artists through the MUSIC cryptocurrency.
Unlike traditional streaming services that rely on intermediaries and often provide smaller revenue shares to artists, Musicoin uses blockchain technology to ensure direct and fair compensation. Its use of smart contracts automates payouts, minimizing delays and increasing transparency. Musicoin also offers an ad-free listening experience and supports a community-driven ecosystem.
The Ethereum Virtual Machine (EVM) serves as the backbone for Musicoin's blockchain. Being a fork of Ethereum, Musicoin uses the EVM to execute smart contracts that facilitate secure and automated revenue sharing between artists and other content creators. This setup enables efficient and cryptographically secure transactions on the platform.
Artists facing issues on Musicoin can start by reviewing their smart contract settings to ensure proper configuration for revenue distribution. If problems persist, they should consult the platform's support resources or community forums for assistance. Engaging with enterprise alliances like the Enterprise Ethereum Alliance might also provide further support and networking opportunities.
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