How DeFi can add value to artists and musicians

The music industry is notorious for artists who fall short. In an all-too-familiar tale, a musician creates a culture-shaping song, only for distributors and middlemen to benefit from his talent, leaving the original creator with little, if any, royalties. Taylor Swift, indie bands, rappers from the east coast to the west: it seems like every artist is destined to fall into the same trap of the same interest groups. While streaming services were intended to democratize the industry and allow talent to explode without a gatekeeper, artists still see few royalties from the value they create — essentially functioning as “content creators” for technology platforms in exchange for distribution privileges.

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