Cryptocurrency Gives Artists More Power In The Music Industry

Cryptocurrency Gives Artists More Power In The Music Industry

Bitcoin isn’t just for geeks and hackers anymore. Rapper Ghostface Killah of the Wu-Tang Clan will launch two cryptocurrencies with the startup Cream Capital next week, inspired by bitcoin’s underlying blockchain technology. In September, DJ Khaled also promoted an initial coin offering (ICO), a high-tech fundraising trend, calling digital currency a “game changer” on Instagram . The music industry is going gaga for blockchain technology. Here’s why: It gives artists more control over their careers than was ever possible before. At its core, blockchain technology is an immutable way to transmit digital packages directly, peer-to-peer in the same way […]

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