Choon is a new music streaming service, and digital payments ecosystem developed to deliver new solutions for the music industry’s most fundamental problems, with industry veterans advising the project.
The platform is built to let artists earn cryptocurrency for each stream of their tracks. The platform offers a music streaming service and digital payments ecosystem powered by Ethereum’s blockchain. Using the blockchain technology allows solving some of the music industry’s most fundamental problems.
A New Way for Artists to be Paid for Their Work
The Internet has enabled a lot of innovative ideas for artists to expand their revenue and interaction with their fans. The blockchain is doing the same the internet did, but this turn, it is entirely removing the middleman and empowering artists to be their own agents.
Streaming is increasingly growing as a consumer product. Even if it is not that good for the artists, it enabled a versatile way for listeners to access their favorite artist’s content. With Choon, artists will be able to profit from the number of streams through the platform. Choon envisioned streaming has a monetization feature, and by implementing it, it is giving back the power to the artists enabling them to conduct all of their work, from producing on to distributing and marketing.
The mp3 changed music ownership as companies opened up a way new of sharing these files while the internet speeds were increasing. Soundcloud, Youtube and most recently Spotify, completely disrupted the way music is distributed and how artists can earn from their work. These companies have rendered downloads to as obsolete as streaming becomes more accessible at each the internet speeds increase.
Nowadays, listeners can access their preferred music easily. Music is becoming more accessible than ever. Today, anyone can easily collect music; this type of hobby is no longer just for outcasts and audiophiles. It is now something achievable to any listener.
Now, Choon is trying to monetize the artist’s content by making it available to stream and for each…