OneRepublic is the first American band to accept cryptocurrency as a form of payment. The Colorado Springs group performed at Haydn Hall in Vienna and used a bitcoin-paid app for the concert. Frontman Ryan Tedder said he intends to be paid in bitcoin for a private concert to be held in December.
However, they are not the only crypto-friendly band. Katotsuka Shojo was born in Japan, a girl band inspired by virtual coins. The group was founded by the entertainment company Cinderella Academy. The band’s aim would be to educate on the complexity of the global financial landscape, made up of cryptocurrencies. The first hit presented by Katotsuka Shojola is titled ‘The Moon and Virtual Currencies and Me’ and talks about online fraud …
Also in Italy, the singer Achille Lauro has announced that he wants to create an NFT and has never hidden his interest in virtual currencies, a world that he has defined as “a great opportunity for artists”, seeing the possibility of exploring innovative forms of business.
The ecosystem that revolves around music is huge: record labels, publishers, distributors, authors, artists and royalties related to merchandising. Applying blockchain and bitcoin technology to the multi-billion dollar music business is possible. A new economic system for music could develop that can manage the stream of revenue from streaming in real time and empower individual artists.
