Recently, it has been announced that the music distribution giant, SoundCloud, has just 50 days to increase its funding before it collapses. (http://www.businessinsider.com/soundcloud-only-enough-funding-last-50-days-reports-2017-7)
In the wake of this news, there seems to be a great opportunity for digital currency-based, independent artist-oriented music distribution platforms.
Musicoin is an ethereum-based music distribution application which allows users to pay and tip artist directly via $MUSIC. The platform is remarkably similar in appearance and functionality to Steemit.
In particular, Musicoin is championing their Pay-Per-Play (PPP) payment model by which users pay artists micro-amounts each time they listen to an artist's song. These smart contract enforced payments can be structured such that each contributor to the musical piece receive a set amount of every payment. I.e. the lead singer may take 40%, while the producer, drummer, and guitarist, each receive 20%.
Pioneering music distribution in the digital currency space with a market cap of ~4 million dollars , this non-profit backed coin and its incredibly active team has only just begun their journey.
Feel free to to check out their website and construct your own opinions (Musicoin.org)