3LAU is looking for a important rethink of the music business, one formed by the promise of blockchain know-how.
The trailblazing music entrepreneur and DJ took to X to share his forward-looking view on cryptocurrency’s affect.
“There hasn’t been a greater time than proper now,” he wrote,” to show crypto’s transformative potential for the music business… to profit all who play a task in it, with artists at middle stage!”
The dialog round crypto’s position in music arrives at a fragile juncture. Bitcoin and different main cryptocurrencies are on a bull run, with Bitcoin not too long ago crossing the $91,000 mark and altcoins like Ethereum and Solana posting equally important beneficial properties.
Talking with EDM.com in July 2023, 3LAU defined that blockchain tech can deal with deep-rooted inefficiencies within the music business. His focus is on fostering a system the place artists can retain higher possession and visibility into their earnings—a imaginative and prescient he has constantly pursued since launching Royal.io, a platform on the forefront of the tokenized music business.
“The music enterprise has tons of areas of knowledge asymmetry throughout it,” he stated. “It is actually not possible to consider fixing that entire downside in a single effort, however a place to begin can be to point out folks one factor that’s occurring within the background that they don’t know.”
No matter macro-economic situations, 3LAU has remained steadfast in his assist of cryptocurrency and his newest feedback spotlight his continued conviction in blockchain’s potential to deliver extra fairness and transparency to music.
There hasn’t been a greater time than proper now…to show crypto’s transformative potential for the music business…to profit all who play a task in it, with artists at middle stage!
— 3LAU (@3LAU) November 11, 2024
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