The Hip Hop legend Snoop Dogg has simply made a daring assertion about the way forward for the music business, merging it with the ability of blockchain. Tune.FM, a decentralized software (dApp) on Hedera’s (HBAR) community, is sure to host Snoop Dogg’s upcoming releases solely on their platform.
By doing so, the Lengthy Seashore native musician & entertainer goals to show that blockchain based mostly music streaming companies can garner as much as 100 occasions extra income for the artists. “I don’t f*** with Spotify anymore, I’m solely on Tune.FM,” – bluntly said Snoop in an interview for Billboard.
Beginning his on-chain marketing campaign with the one “SPACESHIP PARTY”, Snoop will function the brand new face of Tune.FM, which is striving to redefine the music business economics with on the spot payouts based mostly per-second, as a substitute of the standard hurdles music artists must undergo, usually taking on over three months to clear a royalty cost.
Tune.FM Native JAM Token Blazes Up 222%
The information of Snoop Doggy Dogg becoming a member of the Tune.FM crew had a large impression on the Web3 music platform’s native crypto, Tune.FM (JAM). Stay on Hedera Hashgraph (HBAR), the coin rapidly rose to a brand new month-to-month excessive, whipping up 222% features within the early hours of February 28, 2025.
With a market capitalization of under $2 million, this utility altcoin is taken into account a hidden gem by some crypto aficionados, though Tune.FM (JAM) backtracked an eye-watering 99.8% from its all-time peak in August, 2021. Furthermore, the music platform’s native crypto forex is listed on simply a few standard exchanges, MEXC & WhiteBit.
Utilized for distributing streaming royalties between artists, JAM token additionally supplies the gateway to an all-round Web3 market the place followers of musicians can put money into the creativity course of themselves, enabling them to rack up a share of future streaming royalties.
Lastly, Tune.FM (JAM) seeks to erase the difficulty of pay-per-placement within the music business, enabling lesser identified impartial artists to be found by the artificial intelligence (AI) discovery system on-chain.
On The Flipside
- The brand new streaming mannequin permits customers to be paid per second, enabling faster cashouts compared to 2-3 month ready occasions in conventional streaming companies.
- Nevertheless, the value fluctuations of Web3 platform native cash are usually not priced in, whereas the 15.99B circulating provide of JAM tokens extremely differs from the max provide of 92.2B.
Why This Issues
Blockchain expertise has loads to supply for the music business, together with a brand new technique to work together with followers, minimize out the intermediary and increase the financial system normal.
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