3 ms·
Spotify is a terrible platform for actually paying artists. Look around[1][2]. Ironically they are now testing NFT and blockchain technology, which might drive
by zeroclip 4y ago
Spotify 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-...