SoundWave: Music Royalties

SoundWave: Music Royalties

Project Description

In the NBA industry, basketball players make 50% of the revenue but in the music industry, musicians make only 12% of revenue. With music streaming, Spotify has 8 million artists but only 13,000 artists made at least $50k in 2020 at a rate of $3,700/1 million streams. Everyone in the world listens to music, but the global music industry size is tiny at $21B (Gaming $152B, Box Office $42B). Fans can't own a song to show support on streaming platforms and demand curve economics does not support the idea of “100 true fans” or “1,000 true fans”. Bridge the gap between technology and the real world by connecting artists to fans with blockchain technology. Market segmentation is small independent artists who do not get paid with a long tail distribution. https://www.figma.com/file/yb2zElA14FMFdgaGpga73i/SoundWave-Solana-Riptide

Additional Information

web3 decentralize the internet

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