Cryptocurrency was originally thought to be some programmer’s pipe dream to destroy the modern financial system. Years later, that initial mission is still not complete but crypto strength is at an all-time high. It’s no longer just a digital currency. Blockchain, the technology behind it, is opening up doors for people all over the world in new ways. Even Ed Sheeran is starting to profit from it. Are you next?
CRYPTOCURRENCY TO HELP PEOPLE LIKE ED SHEERAN
One of the most pressing issues for musicians in the modern world is making a living from music alone while simultaneously controlling the rights and usage of the art. Sure, YouTube and Spotify make it a little easier for fans to discover their new favorite artist but the royalty payments on those platforms is comically low. The fact is, the current revenue system for musicians is old, disorganized and ready to go. So will cryptocurrency change all that for “the next Ed Sheeran?
ED SHEERAN WILL USE ARTIST CRYPTOCURRENCY?
Artist tokens are the next big thing. What is an artist token? It’s pretty self-explanatory. Artists can get their own tokens that fans can then buy. As the artist grows bigger (or smaller) the value of their artist token changes with it. Hence, people can buy or sell that token for profit. It’s like buying stock in an artist like Ed Sheeran but imagine doing that before he even got famous. You could help support the artist in their early stages and then even make some money off their success. Sounds too good to be true right? Actually, the technology for this is already here.
ED SHEERAN CRYPTOCURRENCY IS HERE NOW
The idea of “tokenizing talent” is not necessarily a new one but there are only a few platforms out there who are perfecting the art with blockchain technology. YouToken, for example, found a unique way to connect creators with investors that get rid of the middlemen, streamlines the investment process and creates a community for everyone to grow and support each other. This is the true future of music and perhaps even small business altogether. So don’t put down that guitar just yet because the future is getting brighter.