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Ghostlinkz
@ghostlinkz.eth
We need a protocol similar to Farcaster that can serve as home for all the new music being produced worldwide. Imagine all the cool music clients that devs could build. Seems like the only way to truly break free from the monopolistic control exercised by Spotify, YouTube, Apple, and major record labels.
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Brad Barrish
@bradbarrish
This feels like a solution searching for a problem. I feel like this has been solved. What am I missing. The way to break free is to stop renting music. Buy it in digital or physical form. It’s yours. You can rip it, share it, burn it or whatever.
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Ghostlinkz
@ghostlinkz.eth
As long as digital music remains confined within closed ecosystems, the industry will continue to be fragmented, placing smaller artists at a perpetual disadvantage. Simply purchasing digital music does not address this issue. The ppl demand a unified streaming platform.
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Brad Barrish
@bradbarrish
What do you mean by “closed ecosystems” though? The industry isn’t fragmented. It’s consolidated. Artists want to get paid. Fans want to be able to listen to the world’s recorded music without having to think about what app to open to hear it. What does a solution look like to you?
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Rolf Hoefer
@rolfhoefer
Audius has a pretty clear problem statement: "The music industry generates $43 billion in revenue but only 12% goes to content artists. Furthermore, artists have minimal control over how their music is distributed and little visibility into who is streaming it." Followed by a clear solution statement:
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Rolf Hoefer
@rolfhoefer
"To address these problems faced by artists, we introduce Audius, a fully decentralized music streaming protocol built with public blockchain infrastructure and other decentralized technologies. Audius allows artists to distribute to and get paid directly from fans" https://whitepaper.audius.co/AudiusWhitepaper.pdf
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Brad Barrish
@bradbarrish
While yes, that’s true, the part they leave out is that much of the reason so little goes to artists is because all superstar artists and even smaller ones sign label deals. And when they do, their music is not owned by them. So it’s somewhat disingenuous.
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