How Maestro Cryptocurrency Works
The New Ideas Maestro Cryptocurrency Brings to the Table
It’s without a doubt; the online streaming process has changed the entire music industry. Nowadays, you will rarely find a consumer purchasing the whole album. Most people prefer paying a monthly fixed charge then stream the song online.
More to that, the shift from the usual album sale to online streaming has led to a weaker system of governance since artists are receiving fewer compensations for their hard work.
That is where Maestro steps in. The blockchain system is set to change the system to a better one that allows a conducive environment that every artist will be able to generate income from their creations. From ambiguity in copyright systems to receive revenues from the creator. Maestro will change the entire music industry as we know it.
Also, in our current system, artists only receive their cut after agencies and labels share their 80% of the profits of the music. This strategy leaves the artists with almost 8% of the total profit. With that kind of structure, intermediaries end up having a major influence on the music business rather than the creator of the song itself.
That is because most of the agencies have full right to distributing and selling the music which for some reason only reaps fruits under their control. In the public view, the idea may seem like the artist is receiving an opportunity of a lifetime to get sponsored by big agencies. However, the truth of the matter is that the artists are losing a significant amount of his or her profit to the agency.
What does the Maestro cryptocurrency offer to new upcoming artists?
Most times new artists usually suffer from insufficient capital for their music. They often cannot obtain even a minimum wage to produce their music in a standard studio. In the long run, such artists typically resort to doing part-time jobs.
Even though strides have been made to reduce the cost of production, the profits of each music songs are still low. That is if the music was created on a small budget. When using Maestro cryptocurrency, each artist will be given an equal chance to have to go through crowdfunding.
Crowdfunding will give you the chance to raise money through numerous people. The platform wants to utilise this crowdfunding strategy all through the entire music industry.
Some of the set goals Maestro has in mind include;
• The cryptocurrency aims to implement the blockchain tech to maximise in the music industry.
• The platform aims at giving artists a conducive environment to produce their music.
• The Cryptocurrency aims at helping the music industry produce quality music.
• The platform will give the consumers the freedom of choice since they will have the liberty to invest in what they deem fit
• The platform provides consumers with the chance to actively cooperate with their artists while at the same time promoting their music.
• The platform will provide users with decentralised and secure services.
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