Crypto in the music industry? That wasn’t on the 2024 bingo card. But apparently it’s happening as several startups look to take on the establishment and disrupt the system in its entirety. At least that seems to be the case as platforms like Tune.FM take on the traditional music industry.
What’s the angle? Well, “decentralisation” seems to be the most common theme when it comes to crypto, but what does that mean? According to Tune.FM, it means taking music from the monopolistic companies that rule the industry to help artists distribute music directly to their fans and listeners.
That seems to be exactly what the teams are doing with the recently announced partnership with Space Blue. Both groups seem to think that this new alliance will redefine how music is created, distributed, and consumed.
The collaboration melds the innovative force of Tune.FM’s decentralised music streaming platform with the pioneering efforts of Space Blue, renowned for its ambitious space tech-art ventures. The result will enhance how consumers listen to music and how artists connect with audiences.
Why It’s Relevant
Tune.FM is the brainchild of brothers and lifelong musicians, Andrew and Brian Antar. With their combined expertise in music, technology, and business, they have created a decentralised music streaming platform that offers artists an alternative way to monetise their fan base.
By utilising Web3 technology, they empower artists to earn royalties directly from their listeners and create digital music collectibles for fans to unlock exclusive experiences.
Space Blue, the other partner in this venture, is a global space tech-art community that has made waves with its Lunaprise museum and plans for long-term space missions.
Earlier this year, the Lunar Lander Odysseus landed on the moon carrying the Lunaprise time capsule curated by Space Blue. Now, the two are working together on something that’s a little closer to home.
