Viberate, a blockchain platform, is focusing on revolutionizing the live music industry by connecting artists, fans, and venues on a global scale.
This initiative matters as it could transform how the live music industry operates, potentially affecting booking processes and artists’ payment methods.
Viberate’s Music Database Hosts 460,000 Artists
Viberate’s blockchain platform centers on enhancing the global music industry. It aims to streamline connections between artists, fans, venues, and booking agents. The platform features a comprehensive database with over 460,000 artists.
The co-founder, Vasja Veber, described Viberate’s model similar to an “Airbnb for music” aimed at reshaping booking services. There’s a focus on creating smart contracts for secure artist payments using VIB tokens.
“We are the only blockchain project targeting the entire live music industry.” — Vasja Veber, Co-founder, Viberate
Blockchain Tech Revamps Ticketing Transparency
Viberate’s initiative could incentivize fan engagement by allowing them to stake VIB tokens. This move is set to enhance transparency in ticketing processes, potentially changing industry norms.
Insights suggest that Viberate might lead to a shift in artist and fan interactions through blockchain. Historical trends indicate blockchain-based platforms often result in improved transparency and security within their respective industries. More information can be found here.
Smart Contracts in Music: A Paradigm Shift
Blockchain’s influence on sectors like music is reminiscent of similar technological disruptions in fintech. Such transformations have often resulted in greater efficiencies and cost reductions.
Kanalcoin experts argue that Viberate’s use of smart contracts could yield significant changes. Historical successes in blockchain adoption support these claims, providing optimism for scalable solutions in live music.
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