Viberate, the blockchain-based music analytics project, is strengthening its artist royalty infrastructure through Ethereum smart contracts, enhancing transparency and real-time earnings data for artists globally.
This advancement potentially streamlines payments, reduces middlemen, and impacts VIB token liquidity, particularly after Binance’s delisting announcement, signaling shifts in the crypto music landscape.
Viberate Leverages Ethereum for Music Royalties
Viberate, a music analytics and royalty infrastructure project, focuses on using blockchain technology to enhance artist revenue transparency. The platform employs Ethereum smart contracts to facilitate and automate royalty settlements, promoting a direct line to artists.
Co-founded by music industry expert Vasja Veber, Viberate seeks to empower artists by providing real-time insights into their earnings. The platform’s primary offerings integrate music data analytics with blockchain, reducing reliance on intermediaries in royalty distribution.
“Our mission is to empower artists with direct access to earnings data and reduce middlemen in royalty flows via smart contracts and analytics.” – Vasja Veber, Co-founder & CBDO, Viberate
Community Concerns Over Viberate Token Delisting
The delisting of Viberate’s token from Binance could impact liquidity, posing challenges for holders. Community sentiment expressed concern about token volatility, though Viberate’s core analytics ecosystem remains operational.
Despite the Binance delisting, Viberate continues to emphasize its commitment to blockchain-powered tracking of live music royalties. Artist-centric initiatives aim to ensure that stakeholders benefit from reduced intermediaries in the music industry.
Blockchain’s Role in Music Royalties Evolution
Blockchain initiatives in music, like Viberate, echo earlier projects utilizing smart contracts for transparency and direct payments. Past models have shown that blockchain can effectively streamline royalty distribution.
Expert insights suggest Viberate’s strategy of merging analytics with blockchain may strengthen artist roles. Historical trends indicate the potential for blockchain to address inefficiencies in traditional royalty systems.
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