Blockchain for Artists at SXSW 2023: Here’s Why You Should Vote on the ‘Democratize Music’ Panel
Blockchain-based music distribution became popular in 2021, but many artists who want to benefit from these innovations are not aware of these new platforms or are just beginning to learn about them. The Bitcoin Association wants to change that by educating and informing independent artists and creatives at one of the biggest events for this demographic, South By South West (SXSW) in Austin, Texas.
We need your help!
We have proposed a panel discussion on how peer-to-peer technology can #democratize #music at the prestigious SXSW 2023 conference in #Austin, #Texas…
To make the panel a reality, we need you to vote before August 21st!
More information:
— BSV Blockchain (@BSVBlockchain) 15 August 2022
The Bitcoin Association has created a proposal for a “Democratise Music” panel to take place on the Future of Music track at SXSW 2023. The proposal is currently live on SXSW’s panel selector, meaning you can vote for the panel if you have t already!
How artists make money
If a major label doesn’t sign an artist, they are at a significant disadvantage when it comes to monetizing their music. In a world where major streaming services require 250 streams for $1 in revenue, artists find it beneficial to be signed to a major label with a marketing department whose job it is to make sure their content reaches as many ears and eyes as possible—but many artists don’t have that luxury. They don’t have record money from companies that they can rely on to pay their bills. For most independent artists, their creations is their incomes. In a world where most consumers listen to music on streaming platforms, that leaves these independent artists with little or no income, even if their music gets millions of views on streaming services.
Many companies have set out to solve this problem, and some are using blockchain in the infrastructure layer of their solutions. A blockchain-based solution provides an artist with a transparent way to offer their music directly to consumers while removing the middlemen, such as streaming platforms and record labels, that often reduce the creator’s overall bottom line. There is value in blockchain-based solutions for both independent creators and artists signed by a major label, because it ultimately gives each group a new way to connect with and grow their audience, which can create new revenue streams.
The “Democratise Music” panel will further explore how artists can use blockchain-built solutions to leverage their creations in ways not currently possible on streaming platforms. So far, four speakers have been lined up for the panel: Marc Scarpa, founder of DeFiance Media; Shem Booth-Spain, co-founder and CEO of Blarecast Systems; Michal Scislowski, CEO of Soundoshi; and Luke Rohenaz, CEO and founder of Jamify. Each one represents a company that directly deals with or serves individuals who create various types of multimedia, ranging from music to television broadcasts.
However, this panel will only be added to the SXSW agenda if voted into the schedule by the community! That means if you support the education of creatives and musicians and want to see them flourish through technological advancements like blockchain, then you’ll want to vote for this proposed panel on the SXSW panel voter site before the August 21st deadline!
See: BSV Global Blockchain Convention panel, Music & Blockchain
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