Tag Archives: dj mix

What is Musicoin?

Musicoin is a digital currency designed for the compensation and consumption of music. Every time a listener plays a song anywhere in the global Musicoin ecosystem, the song’s creators are paid in near real-time. The listening however, does not cost listeners anything. This article will explain how this is possible and speculate on Musicoin’s possible ramifications for music artists, fans and business people around the world.

Musicoin began as a way to address the problems associated with the current global music industry. Three corporations, Sony Music Entertainment, Warner Music Group and Universal Music Group own over 80% of the global market. Because of their power, they tend to dictate who the winners and losers are – and will be – in the global music ecosystem. New and even established musicians can suffer because of this situation. For example, many artists have complained about low royalty payments they received from streaming websites such as Spotify and Pandora. Furthermore, music copyrights and licensing are so complicated that it is difficult for the average artist to keep track of what monies they might be entitled to.

The Musicoin PPP Contract
The Musicoin PPP Contract enables quick payments to artists and can be easily split with band members and other important people in the music ecosystem.

The Musicoin solution to this problem is achieved primarily with the use of blockchain technology and smart contracts. Computers around the world communicate with each other to create a digital currency called Musicoins, and then keeps track of all their transactions. This currency creation and ledger system is sequential and often referred to as a “blockchain” because the computers are processing “blocks” of transactions one after the other. Within those transactions are orders to distribute payments to one or several entities. Those payment orders are called “smart contracts” because they logically execute payment orders based on how they are programmed.

So in plain English, once a musician uploaded their song into the Musicoin system, every time their song got played they were paid 1 Musicoin. And if the musician had band members he or she needed to split the profits with, the Musicoin would get split accordingly. This all happened in seconds via the Musicoin blockchain.

An elaborated view of the Musicoin PPP pay-per-play system.
An elaborated view of the Musicoin PPP pay-per-play system.

So how much is a Musicoin worth? It depends. Like other digital currencies, Musicoins are traded on the open market and its value fluctuates by the minute. At times, Musicoins have been worth over 4 cents (in United States Dollars). At over 4 cents per play, Musicoin was paying artists a much higher per-stream rate than any mainstream music websites.

But with any success comes challenges. It was quickly realized that if the price of Musicoins kept climbing, no one would play music. People would hoard Musicoins hoping they would be more valuable. In fact, some were already doing that when they were worth 3 cents. So, Musicoin’s primary founder, Isaac Mao, started developing innovative strategies for the future.

Isaac had gained notoriety in China for being one of its first web-bloggers, and an advocate of internet freedom. In the early 21st century he had developed a theory called “Sharism” that emphasized the importance and necessity of sharing information in the information age. Though Sharism was already an idea that underlined Musicoin’s early incarnation of February 2017, it would now influence the Musicoin system more so than before in response to the new challenges. A controversial new implementation to the blockchain was proposed: UBI or “Universal Basic Income.”

UBI was initially controversial as it sounded like a Socialist program implemented on the blockchain. Many proponents of digital currencies are very Libertarian in outlook, and anything that resembles a welfare system, or a “Universal Basic Income” for everyone raised a lot of eyebrows. However, a closer look at UBI revealed it was far more ingenious than out-dated monetary policies.

UBI solved the problem of Musicoin hoarding first by changing the reward to the artist. One play of their song was no longer 1 Musicoin, but an amount of Musicoin equal to roughly 2 cents USD (however, that amount can fluctuate so that it would always be more than what other music streaming services pay). In this way, music plays would emit a stable reward, and people holding onto Musicoins will likely see their investment grow as the system gains wider adoption.

Musicoin's UBI schematic demonstrates how the flow of Musicoins will be set to solve ongoing problems with the global music industry.
Musicoin’s UBI schematic demonstrates how the flow of Musicoins will be set to solve ongoing problems with the global music industry.

Next, all plays on the Musicoin system became free for the listener. The musicians are paid from a fund allocated by the computers processing the Musicoin transactions as described earlier in this article. When the computers process Musicoin transactions and make new Musicoins it is referred to as “mining”. So now, the miners of Musicoin pay the artists while the public listens for free. Far from being a social program, the UBI system arguably makes the Musicoin miners direct competitors with Universal, Sony and Warner. And who are those miners? They could be anyone with a computer and a modern graphics card. Virtually any gamer could easily mine Musicoin. So, normal people all over the world mining Musicoin are helping build a system that rewards artists and listeners in a whole new fashion. If you want to learn more about Musicoin mining, here is a good video: https://www.youtube.com/watch?v=X5-6PXfH7gw

I speak a little bit about the wider implications of UBI in this video:

The UBI system is only the beginning though. Slated for late 2018, Musicoin will introduce a new wrinkle: Proof of Sharing (though it may be renamed to “Proof of Play” as seen in this video). In this system, users actively sharing content will help mine Musicoins. For the nuts and bolts about how the Musicoin system works, read their “White Paper” which is a document outlining Musicoin’s platform design and specifications. Musicoin’s long-term vision can be found in its Roadmap document.

There are other digital currencies aimed at addressing the problems of the global music industry, but Musicoin differs from them in significant ways. Most notably is that Musicoin runs its own blockchain system, whereas other solutions ride on top of other digital currency solutions that process many different types of transactions besides just music. This makes Musicoin potentially faster and able to scale easier to a larger population of users.  The other important fact is that Musicoin was the first functioning music streaming service powered by blockchain technology that could be used by artist and listener alike. Being such, it has been the first to successfully deal with real world problems and fashion solutions. In essence, Musicoin is battle tested in real-world applications.

Here are some early Musicoin milestones that have helped shape its evolution and adoption:

  1. Musicoin becomes the first functioning music streaming service powered by blockchain technology that can publicly accommodate musicians and listeners.
  2. Musicoin joins the Enterprise Ethereum Alliance, an organization made up of Fortune 500 companies, entrepreneurs, start-ups, and academics dedicated to smart contract technology.
  3. The Musicoin Alliance forms, as providers of goods and services join in an effort to promote the adoption of Musicoin.
  4. The Hard Data and Musicoin Pilot Program successfully put Musicoin in the hands of active users for music-related goods and services, namely article writing, photography, and the ability to purchase t-shirts and printed magazine subscriptions with Musicoin.
  5. The world’s first DJ mix powered with blockchain technology, “Rock the Blockchain” is released on Musicoin.org.

The future of Musicoin is rapidly coming to fruition. In the future we could see the Musicoin system embedded in commercial products such as speakers and headphones. Internet radio stations could stream Musicoin so that artists are paid for each listener. Web applications would easily allow the implementation of Musicoin links and streams. Soon, you may be able to buy tickets to events with Musicoin, band t-shirts, and a whole raft of goods and services normally associated with the music world. The overall effect of the Musicoin system could be artists making a decent living from fans the world over enjoying their music, and this is the world that Musicoin is helping to make.

The Musicoin view of the future and important milestones towards which it is headed.
The Musicoin view of the future and important milestones towards which it is headed.

Post script: a couple things worth mentioning is that Musicoin has an exlusive URL-shortener for Musicoin.org links, http://jam.dj and a new website administering dj mix policy for the Musicoin system has been launched, http://musicoin.dj

Also, fair disclosure in case its not obvious, The Hard Data is a big fan of Musicoin. We use it to pay our contributors, and accept it for t-shirts and magazine subscriptions. Musicoin helps fund content creation on theharddata.com. So, we are really biased when it comes to the topic of Musicoin. That said, we don’t think you will find a better music-focused digital currency and urge you to look for yourself if you don’t believe us.

На платформе Musicoin размещен первый в мире блокчейн DJ-микс

Каждый раз, когда микс “Rock the Blockchain” (автор диджей Deadly Buda) проигрывается на платформе Musicoin.org, 15 отдельных музыкальных треков в жанре электронной танцевальной музыки, а также их авторы, в течение нескольких секунд автоматически получают оплату.

Этот микс был завершен в 2:00 13 августа 2017 года, когда Deadly Buda выполнил интеграцию 19 “смарт-контрактов” на блокчейне Musicoin и приложил их к своему диджейскому миксу. “В целом, это кардинальная перемена для любого музыкального жанра, в котором участвует диджей: EDM, Disco, House и Hip-Hop,” – сказал DJ Deadly Buda.

Микс “Rock the Blockchain” можно послушать тут.
Hi-voltage-dude.jpg
Обложка микса “Rock the Blockchain”. Микс содержит 15 EDM-треков различных жанров: Hard Electronic, Dubstep, Hardstyle, Hard Bass, Jungle, Drum and Bass, Hardcore Techno, Shamancore, Tekno, и Ambient, авторами которых являются музыканты Counterstrike, Satroniq & DJ Delirium, Teknoaidi, Subterranean, Cap, M27, Harhor и Deadly Buda.

С тех пор, как формат диджейских миксов обрел популярность в 1970-е, он до сих пор пребывает в полулегальном состоянии. Поскольку записанный микс является непрерывным сочетанием нескольких отдельных песен или «треков», он требует многочисленных разрешений, документов и лицензий, чтобы стать юридически совместимым. К тому времени, когда необходимые документы готовы, аудитория обычно рассматривает музыку в миксе устаревшей, поскольку в моду уже вошло новое звучание. Следовательно, большинство диджеев на протяжении десятилетий не удосуживались получать разрешения и выпускали миксы «незаконно» на кассетах, компакт-дисках, а теперь на платформах Soundcloud и Youtube. Как правило, основные авторы в этих миксах не получают денег за свою музыку и часто даже не упоминаются в титрах. По этой причине диджеи часто не предоставляют плейлисты, чтобы избежать контроля, ограничений по времени, отсутствия надлежащей маркировки на танцевальных записях или, в худшем случае, хотят все внимание привлечь только к своей персоне.

Как ни странно, танцевальные продюсеры делают свою музыку специально, чтобы на ее основе можно было делать миксы, и призывают популярных диджеев использовать свои песни. Диджейские миксы, зачастую технически незаконные, являются основным каналом рекламы для небольших сцен танцевальной музыки или талантливых исполнителей. Итак, в течение последних нескольких десятилетий музыкальная индустрия вообще не применяла свои авторские права на диджейские миксы, хотя и могла это всегда сделать . Следовательно, диджеи, опасаясь потенциального обвинения, редко могут публиковать свои миксы для большой аудитории или получать гораздо больший доход, чем стоимость записей или Mp3, использованных в миксе. Кумулятивный эффект этой полулегальности заключается в том, что диджейские миксы по-прежнему считаются «андеграундом», хотя аудитория слушателей танцевальной музыки очень хорошо их принимает.

“Чем больше я узнавал о технологии блокчейна, тем отчетливее я понимал, что проблемы с законностью диджейских миксов близки к тому, чтобы уйти в прошлое,” – утверждает DJ Deadly Buda, – все разрешения, документы и платежи могут быть выполнены мгновенно.”

*Musicoin это сфокусированная на музыке криптовалюта с возможностью смарт-контрактов.*
Musicoin это сфокусированная на музыке криптовалюта с возможностью смарт-контрактов.

Технология блокчейна – это, в общем виде, распределенная база данных, поддерживаемая несколькими компьютерами. Самый популярный в мире блокчейн – Биткоин, он вдохновил другие блокчейны нацелиться на конкретные сферы мировой экономики. Musicoin, как следует из названия, ориентирован на музыку, музыкантов и поклонников. Когда пользователь воспроизводит песню на musicoin.org, исполнитель песни получает один Musicoin (стоит около 0,01-0,02 доллара США), и это происходит за считанные секунды.

Система блокчейна Musicoin позволяет музыканту загружать песню и прикладывать так называемый «смарт-контракт», который может распределять платежи нескольким сторонам, если это необходимо. Например, смарт-контракт можно запрограммировать так, чтобы каждый раз, когда играется песня, барабанщик, певец, гитарист и басист в группе получали раздельную оплату.

«Когда я понял, что каждая песня в системе Musicoin имеет свой собственный платежный адрес, я вспомнил множество знакомых музыкантов, делающих отличную музыку, которая подходит для загрузки. Затем я попросил разрешения использовать их музыку в моем миксе, – сказал Deadly Buda. – После встречи с некоторыми из музыкантов было решено использовать следующую формулу: 40% дохода от микширования поступает диджею, а 60% равномерно распределяются между песнями в миксе. Диджей проводит много времени, просеивая кучу музыки, чтобы найти драгоценные камни, которые затем он или она играет для публики, поэтому я хотел одновременно учесть эти трудозатраты и расходы, в то же время оставив достаточно места для каждой песни, чтобы она могла заработать деньги ».

deadly-buda-2-dj.jpg
DJ Deadly Buda выпустил первый в мире диджейский микс с использованием блокчейна.

Новая парадигма создания и оплаты диджейских миксов теперь официально существует благодаря DJ Deadly Buda и Musicoin, “но предстоит еще много работы, – говорит Deadly Buda. – В самом ближайшем будущем, вероятно, появится только одно поле для ввода данных, которое сможет использовать музыкант и которое даст всем участникам системы право на микширование их музыки, поскольку она будет оплачиваться через смарт-контракт. Как только это произойдет, систему уже невозможно будет остановить, она принесет огромную пользу как существующей музыкальной индустрии, так и новым музыкантам.”

Здесь вы можете зарегистрироваться на платформе Musicoin.

Musicoin hosted weltweit ersten Blockchain-fähigen DJ Mix

Jedesmal wenn Dj Deadly Buda’s “Rock the Blockchain” Dj Mix auf Musicoin.org abgespielt wird, werden fünfzehn einzelne elektronische Dance Music Songs und deren Künstler sekundenschnell automatisch bezahlt.
Diese Möglichkeit der direkten Bezahlung wurde in der Nacht zum 13.August 2017 Wirklichkeit, nachdem Deadly Buda die Integration von 19 sogenannten “Smart” Veträgen auf Musicoin.org vollendet und diese Musikstücke in seinen DJ Mix integriet hatte. “Es ist wirklich ein “Game Changer” für jede DJ-basierende Musikrichtung wie z.B. EDM, Disko, House oder Hip-Hop” meint Dj Deadly Buda.

Hier kannst Du den “Rock the Blockchain” Mix anhören
Hier kannst Du den “Rock the Blockchain” Mix anhören

Der Mix beinhaltet 15 EDM Songs verschiedener Genre wie Hard Electronic, Dubstep, Hardstyle, Hard Bass, Jungle, Drum and Bass, Hardcore Techno, Shamancore, Tekno und Ambient von Künstlern wie z.B. Counterstrike, Satroniq & Dj Delirium, Teknoaidi, Subterranean, Cap, M27, Harhor und Deadly Buda.

Seitdem das “DJ Mix” Formart als solches in den siebziger Jahren populär wurde, existierte es im halb legalen Bereich. Da ein DJ–Mix eine kontinuierliche Verschmelzung und Aneinanderreihung von verschiedenen einzelnen Liedern oder besser ”Songs” ist, erforderte es unglaublich viele einzelne Genehmigungen, Schriftverkehr und Lizensierungen um die Lieder legal benutzen zu dürfen. Wie man sich unschwer vorstellen kann, dauerte all das unglaublich lange und als dann endlich alle Genehmigungen eingeholt waren, wurden die im Mix benutzen Lieder in den Augen der Hörer bereits als “veraltet” angesehen und neue Sounds waren bereits in Mode.

Daraus resultierend haben die meisten DJ’s im Laufe der Jahrzehnte darauf verzichtet Lizenzen und Genehmigungen einzuholen und haben ihre Mixe illegal auf Kassetten, Cd’s und jetzt auch auf Soundcloud und Youtube veröffentlicht.

Die Künstler und Urheberrechts Inhaber der in den Mixen verwendeten Musikstücke sehen keineTantiemen und werden meistens auch nicht in den Mixen genannt. Die DJ’s veröffentlichen meist auch keine “Playlisten” der benutzten Lieder um Kontrollen zu vermeiden oder aufrgund Zeitmangels, fehlender Beschreibungen auf den Platten /Cd’s oder im schlimmsen Falle, um die ganze Aufmerksamkeit für sich alleine zu ernten.

Ironischerweise gestalten Dance Music Produzenten ihre Musik speziell so, dass sie leicht von DJ’s in Mixe integriert und von populären Künstlern in deren Liedern verwendet werden können.
DJ Mixe, auch wenn technisch gesehen illegal, sind der haupt PR/Werbe und Kommunikationskanal für kleinere Dance Musik Szenen oder unbekannten Künstlern und neuen Talenten. Auch wenn die Musik Industrie in den letzten Jahrzehnten die Urheberrechtsverletzungen der DJ Mixe nicht verfolgt und geahndet hat, behalten sie sich jedoch das Recht vor, dies zu tun.
Aufgrund dessen fürchten sich die DJ’s nach wie vor vor Strafverfolgung und können nur sehr selten ihre Mixe im grösseren Rahmen veröffentlichen oder kommerziel besser ausschöpfen um ihre Investitonen für Platten oder MP3 Käufe die sie in ihren mixen verwenden, zu erwirtschaften.
Der kumulative Effekt dieser quasi Legalität ist das DJ Mixe immernoch als “Untergrund” angesehen werden und das obwohl eben diese Mixe die bevorzugte Art ihres Publikums ist diese Musik zu hören.

“Je mehr ich über Blockchain Technologie verstand umso mehr habe ich realisiert, das die rechtlichen Probleme mit DJ Mixen bald ein Ding der Vergangenheit sein werden” sagt DJ Deadly Buda, “die ganzen zeitintensiven Genehmigungen, Papierkram und Bezahlungen würden in sekundenbruchteilen erledigt werden können”
Musicoin ist eine Musik orientierte Crypto-Währung mit Smart-Vertrag Fähigkeit
Blockchain ist vereinfacht gesagt ein dezentralisiertes Soll/Haben System das von mehreren Computern gewährleistet wird. Das populärste Blockchain System der Welt ist momentan “Bitcoin” und dieses hat andere Blockchains dazu inspiriert verschiedene Gebiete der Weltwirtschaft in Angriff zu nehmen.

Musicoin, wie der Name schon sagt, ist ein Bitcoin für Musik, Musiker und Fans zugeich. Wenn ein Benutzer ein Song auf Musicoin.org abspielt, erhält der Künstler oder Rechte Inhaber in Bruchteilen von Sekunden ein Entgelt i.H. eines Musicoin der z. Zt ca $0.01 -$0.02 USD wert ist.

Das Musicoin Blockchain System erlaubt dem Künstler oder Rechteinhaber einen hochladbaren Song mit einem SmartVertrag zu versehen, welcher – falls gewünscht – die Verteilung der Zahlungen auch an mehrere Parteien vornehmen kann. Der SmartVertrag kann zum Beispiel so programmiert werden, das jedesmal wenn der Song abgespielt wird, der Drummer, der Sänger, der Gittarist und der Bassist in einer Band alle einen Anteil der Zahlungen erhalten.

“Nachdem ich realisierte, das jeder Song im Musicoin System seine eigene individuelle Zahlungsadresse hat, habe ich so viele Leute die grossartige Musik produzieren wie möglich dazu veranlasst ihre Musik bei Musicoin hochzuladen. Dann bat ich sie um Erlaubnis ihre Musik in meinem Mix zu verwenden” sagt DJ Deadly Buda.
Nachdem er mit einigen Künstlern gesprochen hatte, kamen sie zu folgendem Verteilungsschlüssel: 40% der Mix Einnahmen gehen an den DJ und 60% wird in gleichen Teilen unter allen verwendeten Songs aufgeteilt.
“Ein DJ bereitet sich sehr zeit intensiv auf einen mix vor, angefangen mit dem durchsichten viel schlechter Musik um dann die Perlen zu finden, die er oder sie dann für die Öffentlichkeit spielt. Aus diesem Grund wollte ich die Zeit und finanzielle Aufwendungen honorieren um im gleichen Atemzug einen fairen verteilbaren Betrag für die verwendeten Songs zu gewährleisten, sodass die Künstler auch eine Möglichkeit haben ein wenig Geld zu verdienen”

DJ Deadly Buda veröffentlicht ersten Blockchain fähigen DJ Mix der Welt

Ein neues Musterbeispiel wie DJ Mixe hergestellt und bezahlt werden können ist jetzt dank DJ Deady Buda und Musicoin offiziell möglich,
aber es gibt immernoch viel Arbeit in diesem Bereich sagt DJ Deadly Buda.
“In naher Zukunft wird es wohl nur noch ein anklickbares Kästchen geben das ein Künstler benutzen kann um anderen auf dem System die Erlaubnis zu erteilen seine Musik zu mixen solange er über seinen Smartvertrag entlohnt wird. Sobald dies der Fall ist, wird das System unaufhaltbar sein und wird sowohl für die etablierte Musikindustrie als auch für neue Künstler von grossem Nutzen sein.

Hier kannst du dich bei Musicoin registrieren
Hier kannst du dich bei Musicoin registrieren

World’s First Blockchained DJ Mix Released by Deadly Buda on Musicoin

When DJ Deadly Buda’s “Rock the Blockchain” DJ mix is played on Musicoin.org, fifteen separate electronic dance music tracks and their artists get paid automatically, within seconds.

The system that makes this possible was made public at about 2:00 AM, on August 13, 2017, when Deadly Buda finalized the integration of 19 “smart contracts” on the Musicoin blockchain and attached them to his DJ mix on Musicoin.org. “This will completely change the dance music landscape,” said DJ Deadly Buda, “it’s a

Click here to visit Deadly Buda's Musicoin profile.
Click here to visit Deadly Buda’s Musicoin profile.

development on par with the introduction of the 12” single or the crossfader. It will change the way we do things creatively and the listener will be the winner.”

The DJ mix contains 15 EDM tracks of various genres, hard electronic, dubstep, hardstyle, hard bass, jungle, drum and bass, hardcore techno, shamancore,  tekno, and ambient, by artists Counterstrike, Satroniq & DJ Delirium, Teknoaidi, Subterranean, Cap, M27, Harhor, and Deadly Buda.

The DJ mix format was popularized in the 1970’s and since then has existed in a quasi-legal state. A recorded DJ mix is a continuous blend of several separate songs or “tracks”. To be traditionally legally compliant, this requires numerous permissions, paperwork, and licenses. By the time the paperwork is done, the audience generally considers the music in the mix old, and has moved on to the latest sound in fashion. Consequently, most DJs over the decades haven’t bothered to get the permissions, and have released the mixes “illegally” on cassettes, CDs, and now, SoundCloud and YouTube. Generally, the artists in these mixes aren’t receiving any compensation for their music and oftentimes aren’t even credited as part of the mix.  Many DJs don’t supply playlists due to avoiding scrutiny, time constraints, lack of proper labeling on dance records, or at worst, just wanting all the attention for themselves.

Rock the Blockchain's flyer graphic is from the 1993 Turbo-Zen party in Pittsburgh, PA, High Voltage! The graphics would later be mentioned by Dan Mross in the movie "The Rise and Rise of Bitcoin" for its slogan, Technology Must Be Used to Liberate the Indvidual."
Rock the Blockchain’s flyer graphic is from the 1993 Turbo-Zen party in Pittsburgh, PA, High Voltage! The graphics would later be mentioned by Daniel Mross in the movie “The Rise and Rise of Bitcoin” for its slogan, “Technology Must Be Used to Liberate the Indvidual.”

Ironically, dance music producers make their music specifically so that it can be mixed by DJs, and clamor for popular DJs to use their songs. DJ mixes, though often technically illegal, are the main channel of publicity for smaller dance music scenes or up-and-coming talent. So for the last few decades, the music industry has generally not enforced their copyrights against DJ mixes while retaining their right to do so. Consequently, the DJs, still fearing potential incrimination, can rarely publicize their mixes on a grand scale or derive much more income than money they spent purchasing the records or Mp3s used in the mix. The cumulative effect of this quasi-legality has been that DJ mixes are still considered “underground” even though it is the audience’s preferred manner of listening to dance music.

“The more I understood blockchain technology, the more I realized that the legal problems with the DJ mix were about to be a thing of the past,” stated DJ Deadly Buda. “All the permissions, paperwork, and payments could be done in an instant.”

Blockchain technology is basically a decentralized ledger system maintained by multiple computers. The most popular blockchain in the world is Bitcoin, and it has inspired other blockchains to target specific areas of the world economy. Musicoin, as the name suggests, is geared towards music, musicians, and fans.  When a user plays a song on musicoin.org the artist of the song gets paid one Musicoin (currently worth about $0.01-0.04 USD)—usually in a matter of seconds. This is significantly higher than average artists get paid per play on Spotify or iTunes.

You can sign up to Musicoin here.
You can sign up to Musicoin here.

Furthermore, the Musicoin blockchain system allows an artist to upload a song and attach what is called a “smart contract” that can distribute payments to multiple parties if needed. For example, the smart contract could be programmed so that every time the song is played, the drummer, singer, guitarist, and bassist in a band all split the payment.

“When I realized every song on the Musicoin system had its own payment address, I got as many people I knew that made great music to upload. Then, I asked their permission if I could use their music in my mix,” revealed Deadly Buda. After conferring with some of the artists, realizing they were helping to establish a new paradigm, the following formula was decided: 40% of the mix revenue goes to the DJ, and the remaining 60% is split evenly between each of the songs in the mix. “A DJ spends a lot of time sifting through a lot of bad music to find the gems he or she plays for the public, so I wanted to honor that time and money expenditure while at the same time leaving a fair amount of room for each song to make money as well.”

A new paradigm for how DJ mixes can be made and monetized is now officially live thanks to DJ Deadly Buda and Musicoin, but there is still work to be done says Deadly Buda, “In the very near future, there will probably be just a checkbox an artist can use that gives anyone on the system the right to mix their music so long as they get paid via a smart contract. As soon as that happens, the system will be unstoppable and will benefit the established music industry and new artists alike.”

You can sign up to Musicoin here.