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No one doubts that platforms can be powerful. At least I fully agree with that. But what is the benefit of a decentralized platform powered by blockchain? Spoti
by mmcnl 4y ago
No one doubts that platforms can be powerful. At least I fully agree with that. But what is the benefit of a decentralized platform powered by blockchain? Spotify is a very successful platform for artists. No blockchain involved.
- zeroclip 4y agoSpotify is a terrible platform for actually paying artists. Look around[1][2]. Ironically they are now testing NFT and blockchain technology, which might drive some more sales toward artists, but still through Spotify's high rent extraction.[3] Why use a decentralized platform? Because users are able to escape the walled garden, and have more power over the protocols that distribute and generate sales on their content. [1] https://edm.com/gear-tech/steve-aoki-made-more-money-from-nfts-in-1-year-decade-of-streaming-royalties https://edm.com/gear-tech/steve-aoki-made-more-money-from-nf... [2] https://www.latimes.com/entertainment-arts/music/story/2021-04-19/spotify-artists-royalty-rate-apple-music https://www.latimes.com/entertainment-arts/music/story/2021-... [3] https://cointelegraph.com/news/spotify-reportedly-tests-nft-galleries-on-musician-profiles https://cointelegraph.com/news/spotify-reportedly-tests-nft-...