Tag Archives: Musicoin Alliance

Что такое Musicoin?

Musicoin – это цифровая валюта, созданная для получения вознаграждения за прослушивание музыки. Каждый раз, когда слушатель проигрывает песню в глобальной экосистеме Musicoin, создатель песни получает заработок практически в реальном времени. В то же время это ничего не стоит слушателю. Статья, которую вы читаете, призвана объяснить, как такое возможно и содержит размышления о возможном развитии системы для артистов, фанатов и предпринимателей со всего мира. Musicoin начался как способ высветить проблемы современной глобальной музыкальной индустрии. Всего три корпорации владеют 80% музыкального рынка: Sony Music Entertainment, Warner Music Group и Universal Music Group. Из-за своего влияния они имеют тенденцию диктовать, кто будет побеждать, а кто проиграет в мировой экосистеме. Новички и даже состоявшиеся музыканты могут пострадать от сложившейся ситуации. К примеру, множество артистов жалуются на низкие выплаты роялти, которые они получают от стриминговых веб-сервисов вроде Spotify и Pandora. Более того, авторские права и лицензии настолько сложны, что средний артист едва может отследить те суммы, которые он может получить.

Musicoin-ppp
PPP контракт (Pay Per Play) системы Musicoin позволяет осуществлять мгновенные платежи артисту, и эти платежи могут быть легко разделены между всеми участниками группы и другими важными для музыкальной экосистемы людьми.

Такое решение проблемы в системе Musicoin возможно благодаря использованию технологии блокчейн и смарт-контрактов. Компьютеры всего мира связываются друг с другом для создания цифровой валюты Musicoins (далее MC) и отслеживания каждой транзакции. Создание валюты и системы реестра последовательно и называется “блокчейн”, так как все компьютеры вместе генерируют “блоки” транзакций один за другим. Внутри этих транзакций записаны ордера на проведение одного или нескольких платежей. Эти платёжные ордера называются смарт-контракты или умные контракты, так как они логически исполняют выплату согласно программному коду, который в них заложен.

Если говорить простым языком, как только музыкант загружает песню в систему Musicoin, за каждое прослушивание он получает 1 MC. И если это группа музыкантов, с которыми надо поделиться наградой, система разделяет 1 MC соответственно контракту. Всё это происходит за считанные секунды с помощью блокчейна Musicoin.

Musicoin PPP 2
Схематическое изображение PPP системы Musicoin.

Так сколько же стоит MC? Есть зависимость. Как и у других цифровых валют, MC торгуется на открытых рынках и его стоимость постоянно меняется. Временами 1 MC стоил больше 4-х центов (в долларах США). На этом уровне Musicoin выплачивал артисту за прослушивание гораздо больше, чем любой другой мейнстримовый веб-сайт. Но с любым успехом приходят и трудности. Стало ясно, что если цена MC будет продолжать расти, то никто попросту не будет слушать музыку. Люди будут копить MC в надежде на будущий рост. В действительности так и происходило при цене в 3 цента. После этого основатель Musicoin Исаак Мао (Isaac Mao) начал разрабатывать инновационную стратегию для будущего.

Исаак приобрёл известность в Китае как один из первых сетевых блоггеров и защитник свободы в Интернете. В начале 21-го века он придумал теорию и назвал её “Sharism” (суть заключается в девизе «чем больше вы делитесь, тем больше получаете»), подчеркнув важность и необходимость делиться информацией в информационную эпоху.

И хотя Sharism изначально был основной идеей первого воплощения Musicoin в феврале 2017-го, теперь он будет ещё больше, чем прежде, влиять на систему Musicoin в ответ на возникающие проблемы. Так было предложено новое, хоть и довольно спорное дополнение к блокчейну: UBI или “Универсальный Базовый Доход” (“Universal Basic Income”).

Изначально спорность UBI заключалась в том, что всё выглядело как социалистическая программа, прикрученная к блокчейну. Многие сторонники криптовалют по сути либертарианцы, а потому всё, что создаёт систему всеобщего благосостояния, например UBI, вызывало немало удивления. Тем не менее если присмотреться, оказывается, что это гораздо более изобретательно, чем устаревшие монетарные политики.

Во-первых, UBI решило проблему удержания людьми монет MC путём изменения способа вознаграждения для артистов. Отныне одно проигрывание стоит не 1 MC, а то количество MC, которое по стоимости равно 2-м центам USD (хотя данное количество может меняться, это всё равно больше, чем предлагают другие стриминг сервисы). Таким образом, прослушивание музыки будет приносить стабильный доход, а сторонники MC будут наблюдать увеличение капитала вместе с расширением и ростом всей системы.

Musicoin UBI
Эта схема UBI показывает как поток MC решит возникающие проблемы с глобальной музыкальной индустрией.

Во-вторых, любое прослушивание в системе Musicoin становится безплатным для слушателя. Музыканты получают вознаграждение из фонда, выделенного компьютерными вычислениями, как это было описано выше. Компьютеры проводят транзакции и одновременно создают новые монеты, это называется “майнингом”. Теперь майнеры платят артистам, тогда как для слушателя всё остаётся безплатным. Больше, чем просто социальная программа, система UBI делает майнеров Musicoin прямыми конкурентами Universal, Sony и Warner. Но кто все эти майнеры? Майнером может быть любой, у кого есть компьютер и современная видеокарта. Фактически любой геймер легко может “копать” MC. Так, обычные люди со всего мира майнят MC и таким образом помогают строить систему, которая поощряет артистов и слушателей совершенно новым способом. Если вы хотите узнать больше про майнинг MC – посмотрите это хорошее видео (здесь и далее на англ.).

Немного больше про майнинг рассказано в этом видео.

Тем не менее система UBI – это лишь начало. На конец 2018-го намечен новый поворот: Proof of Sharing (Доказательство распространения. Хотя оно возможно будет переименовано в Proof of Play – Доказательство прослушивания, об этом можно посмотреть здесь). В этой системе те пользователи, которые активно делятся контентом, помогают майнить MC. Если хотите узнать, как всё устроено в деталях, можете прочитать их “Белую бумагу” – в этом документе полностью обрисовано устройство платформы и все её параметры. Будущее платформы в долгосрочной перспективе описано в “Дорожной карте”.

Существуют и другие цифровые валюты, нацеленные на решение проблем глобальной музыкальной индустрии, но Musicoin значительно отличается от них. В первую очередь Musicoin работает на собственном блокчейне, тогда как остальные используют разработки других криптовалют, которые проводят массу прочих транзакций помимо собственно музыки. Потенциально это делает Musicoin более быстрым и способным к охвату многочисленных пользователей в будущем. Другой важный факт – это первая стриминговая система на технологии блокчейн, используемая одинаковым образом как артистом, так и слушателем. Будучи таковой, она первой успешно справится как с реальными мировыми проблемами, так и с модными тенденциями. По сути, Musicoin уже проверен в бою и протестирован в приложении к реальному миру.

Вот несколько ранних этапов развития Musicoin, которые помогли сформировать его эволюцию и адаптацию:

  1. Musicoin стал первым стриминговым сервисом на блокчейне, который смог публично привлечь музыкантов и слушателей.
  2. Musicoin присоединяется к Enterprise Ethereum Alliance – организации, состоящей из почти 500 компаний.
  3. Формируется The Musicoin Alliance: к нему присоединяются поставщики товаров и сервисов для помощи в промоушене и утверждении Musicoin.
  4. The Hard Data и Musicoin Pilot Program успешно раздают MC среди активных пользователей за музыкально-ориентированные продукты и сервисы: авторские статьи, фотографии, возможность приобретать футболки и подписки на журнал с помощью MC.
  5. Первый в мире блокчейн DJ-микс “Rock the Blockchain” был выпущен на Musioin.org.

Будущее Musicoin стремительно реализуется. В будущем мы сможем увидеть систему Muscoin, встроенную в коммерческие продукты, такие как колонки или наушники. Интернет-радиостанции начнут транслировать Musicoin, так что артист получит вознаграждение за каждого слушателя. Веб-приложения будут легко использовать ссылки и трансляции на Musicoin. Вскоре вы будете иметь возможность купить билеты на мероприятия с Musicoin, футболки групп и весь спектр товаров и услуг, которые обычно считаются частью музыкального мира. В целом система повлияет таким образом, что артисты смогут вести достойную жизнь вместе со своими фанатами по всему миру, наслаждаясь своим творчеством. Становлению этого по-настоящему способствует Musicoin.

Взгляд Musicoin на будущее и важные этапы развития. С 1-го квартала 2017 до 3-го квартала 2019.

Постскриптум: пара вещей, о которых стоит упомянуть – у Musicoin есть эксклюзивный “укорачиватель” ссылок для Musicoin.org, http://jam.dj; также запущен новый веб-сайт, администрирующий политику dj-миксов: http://musicoin.dj.

Справедливости ради надо признаться (если это ещё не стало очевидным) – The Hard Data являются большими фанатами Musicoin. Мы пользуемся им для оплаты труда авторов и принимаем для продажи футболок и подписок на журнал. Musicoin помогает нам финансировать создание контента на theharddata.com. Так что мы действительно заинтересованы, когда речь заходит о Musicoin. В общем, вряд ли вы найдёте лучшую музыкально-ориентированную цифровую валюту. Призываем вас убедится в этом самим, если вы нам не верите.

Перевод: Harhor

Ред. : Cikada

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.

The Hard Data and Musicoin Pilot Program Report

The Hard Data is an electronic dance music magazine, both print and online, that focuses on several small sub-genres of EDM music. The Musicoin Foundation oversees the maintenance and promotion of a music-focused cryptocurrency called Musicoin. In August of 2017, the two entities endeavored on a pilot program to find out how Musicoin might positively effect a small music scene, and at the same time see if that scene would embrace Musicoin. The program lasted until August 31, 2017. This report was written on the evening of August 30, 2017.

The 31-day program consisted of the following aspects:

  1. The Hard Data would pay writers, photographers, web developers, social media sharers, and artists with Musicoin for the month, in an effort to familiarize the creative base of The Hard Data with the cryptocurrency.
  2. The Hard Data would encourage user sign-ups for Musicoin.
  3. The Hard Data would accept Musicoin for magazine subscriptions and t-shirt sales.

Results

During the pilot program, theharddata.com doubled its readership. Over 2,500 unique users visited thehardddata.com in August, only a little over 1,200 users had visited the site in June and July, respectively.

theharddata.com also greatly increased its flow of content.
23 unique articles were published on theharddata.com during the program, four posts were on its Steemit.com page, three posts were translated to Russian for Golos.io, and a press release and a unique Facebook photo album were uploaded to The Hard Data’s Facebook page. As of this writing, there are still a few articles and photos expected under the program that still need turned in and published after the August 31 deadline. However, the bulk of expected content (35 articles) was on schedule.

The type of content expanded.
During the program, several articles were translated by the community from English into the following languages: Russian, German, and Spanish. This was a new development for theharddata.com, and seemed instigated by the offer of Musicoin for the work.

Adoption of Musicoin by The Hard Data’s creative community was good, especially considering the vast majority of the community was only barely familiar with Bitcoin.
A total of 15 creative contributors were paid with Musicoin during the program, of those, and only four had ever owned a cryptocurrency previously.

During the program, the price of Musicoin tripled.
On August 1, Musiccoin was priced at about .015 USD, and rose to  .048 USD by August 29. This of course intrigued the new adopters. However, many have not taken the required steps they would need to actually sell the Musicoin on Bittrex or Cryptopia because the process is still confusing to them.

During the beginning of the Pilot Program, the biggest hurdle was simply talking to potential users to get them to sign-up for an account and get in the system. About a week-and-a-half was spent focusing on this before the bulk of content could be created in the program.

Users were also paid to share content via social media.
This part of the program was less successful than the content creation in that not as many users signed-up for this task. This was perhaps because The Hard Data was primarily focused on content creation, and spent more time reaching out to those potential users. That said, by the time this article is read by the majority of the public, over 1,050 links back to content generated during the Pilot Program will have been shared on social media. So, the word got out none-the-less, but it would have been nice to have a larger number of users aggressively sharing the content.

67 New Users signed-up via The Hard Data’s sign-up link during the Pilot Program.
12 of these would release music on the platform. Two of these users also contributed to content on theharddata.com. So, of 67 sign-ups, 24 (36%) were active creators in some way to the music ecosystem facilitated by Musicoin.

0 subscriptions or t-shirts were purchased with Musicoin during the Pilot Program.
This was disappointing. However, there was no real online-shopping cart for users to make a purchase. Essentially, the purchase would have had to be made via Musicoin’s commenting interface built into musicoin.org, and would have required theharddata.com to comment back and then contact via email to complete the transaction. So, this aspect of the Pilot Program I believe is only a failure because of the technical handicaps and time constraints.

An unexpected result of the Pilot Program was that the first blockchain-enabled DJ mix was created, which garnered outside press on at least three well-known cryptocurrency websites and brought attention to Musicoin.

Pending Results

There are still a few loose-ends to tie-up to relevant to the Pilot Program. These pending results of the Pilot Program won’t have much directly measurable results with the public though, and as such were considered a secondary priority. Nonetheless, they are expected to be completed shortly.

These aspects currently in process are: a modified version of this report will appear in the print version of The Hard Data magazine. There are several jobs for the print issue that still must be finalized by its publication on September 21. Initially, the print magazine was scheduled for the last week of August. However, Insomniac Eventsthe USA’s largest EDM show produceragreed to buy an ad in the upcoming issue, and the artwork will not be ready until the first week of September. I decided it would be best to delay the printing a week or two to facilitate the nation’s largest event company in the magazine’s space.

3.5 hours are still pending on web development tasks. The proposed tasks were integrating Musicoin with theharddata.com via API more directly, and streamlining various aspects of the site.

Conclusion

Obviously, I have a biased conclusion being the publisher of The Hard Data. However, I think the numbers support my view that the Pilot Program achieved important goals.

  1. It introduced users unfamiliar with cryptocurrency to accept the currency in exchange for services.
  2. Because content creators were paid, it doubled the readership of the site, and generated more, better, and wider-ranging content, expanding the music ecosystem with which the magazine and Musicoin was involved with.
  3. Musicoin tripled in price. Though the Pilot Program was not solely responsible for the uptick in price, it was an active and visible participant aggressively spreading the word of Musicoin’s adoption to crypto and non-crypto users, which was recognized by the crypto community.

Ultimately, I believe the Pilot Program demonstrates that Musicoin can have a profound impact on a small music scene and these techniques can be extrapolated to larger music ecosystems. It can be reasonably concluded that the only things delaying Musicoin’s greater adoption can mostly be solved by mere manpower. The Hard Data/Musicoin Pilot Program has established that non-crypto users will accept and adopt the usage of Musicoin in exchange for services and listening to music.

Musicoin Snags Top Hard EDM Artists

Musicoin just increased its lead in the music-blockchain race, as several well-known artists on the harder side of the electronic dance music world made their music available on musicoin.org. Most notably, famed South African drum and bass producers, Counterstrike, made available three of their high-energy, metal-infused epics of rolling percussion.

Click the photo to visit Counterstrike's Musicoin profile.
Click the photo to visit Counterstrike’s Musicoin profile.
Click here to visit Satroniq's Musicoin profile.
Click here to visit Satroniq’s Musicoin profile.

Not far behind in the upload race was Satroniq, aka Satronica, one of America’s top hardcore techno DJs, whose hard EDM label, Kontaminated Recordings, submitted their hardstyle infused “Egyptian Cougar” track by Satroniq and DJ Delirium.

Musicoin.org’s hard bass catalog got a nice upgrade courtesy of Pittsburgh, PA’s rising young talent, Subterranean. His four tracks of glitchy trap and dubstep are just the sounds that have been crushing the EDM festivals this summer, and anyone on the lookout for fresh ear-candy should take note.

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

Hardcore techno luminaries Deadly Buda and Cap also verified their profiles on the Musicoin system. Included in Deadly Buda’s upload pack was an alternative version of “King of Style”, his track that famously samples the world’s first hip-hop documentary Style Wars, and released by the world’s first hardcore techno record label, Industrial Strength Records.  In addition, his “Congress of the Kickdrum” (the official anthem for America’s annual meetup for the harder styles, American Gabberfest) successfully utilizes Musicoin’s royalty pay-out function, automatically issuing payments to the vocalist and scratch-DJ featured on the track, The Gabber Cowboy and DJ Mindcontroller.

Click the photo to visit Cap's Musicoin profile.
Click the photo to visit Cap’s Musicoin profile.

A spot for the Industrial Hardcore genre was blasted into existence on Musicoin by none other than Cap, best known for his work with the Arizona Hardcore Junkies, Industrial Strength Records, Important Corestyle, Hard Kryptic Records, Dark Like Hell Records, Six Feet Underground Records, and No Sleep Till Bedtime. Now throttling the Musicoin catalog is his classic “The Plan” as well as the anthem for Phoenix’s annual festival of the harder styles, Hard Asylum.

The recent sign-ups on musicoin.org came hot on the heels of the August 1st announcement of the Musicoin Alliance, which brought together The Hard Data magazine, Hear For You mixing & mastering studio, Jumpsuit Records, Knock Knock Recording Studio, mobile app maker MiQ, direct music distributor Noisehive, & OPUS Foundation’s decentralized music platform.

Musicoin’s brisk development pace shows no signs of slowing, either. Besides a plethora of new artist sign-ups, the platform is gearing up to implement the next significant stop on its development roadmap, “Universal Basic Income”. Touted as a new concept in cryptoeconomics, the system promises to guarantee a fair and steady source of revenue for musicians while make streaming content on the platform free for listeners. Universal Basic Income implementation is slated to commence in Quarter Three of 2017.

You can sign-up for Musicoin here.

The Musicoin Alliance

The Musicoin Project announces the Musicoin Alliance.

Musicoin Alliance Logo

The primary goal of the Musicoin Alliance (also known as the $MUSIC Alliance) is to push forward decentralized technology for the music industry regardless of platform. The seven strategic partners include The Hard Data magazine, producer & audio engineer Hank Kalleen, The Polish Ambassador’s Jumpsuit Records, San Francisco’s Knock Knock Recording Studio, mobile music app maker MiQ, direct license music distributor Noisehive, & decentralized music platform OPUS Foundation, with more to come.

The Hard Data Logo

The Hard Data – America’s leading online and print magazine dedicated to hard electronic dance music, now uses Musicoin for contributor payments and accepts Musicoin for its printed magazine subscriptions. “Musicon has the potential to create a music ecosystem that producers have only dreamed of, and if realized, might trigger a new, worldwide, creative Renaissance,” said Joel Bevacqua, The Hard Data’s editor and head writer.

Hank Keller Logo

Hank Kalleen Audio Production – Gold record producing audio engineer based in Hollywood, California. Hank has worked with Paul Oakenfold, Ceelo, Eve, The Knocks, Miguel, Frenship, and more. Hank now takes Musicoin for music production services and said “This project is doing something brand new and different for the music industry. I’m excited to start taking Musicoin for production services to see where this rabbit hole goes.”

Knock Knock Studios logoKnock Knock Recording Studio – An analog 24 track to 2” tape studio in San Francisco, California, specializing in hip-hop and smooth analog sounds is now open for booking recording time with Musicoin. “Now with the ability to use what you’ve earned on Musicoin to record a brand new record, it changes the game. Musicoin now closes the loop on what we see as a new Musicoin economy. We’re glad to be a part of that,” said Ari Sandoval, Knock Knock Audio Engineer.

Jumpsuit Recordings Logo

Jumpsuit Records – Record label and music curation project of The Polish Ambassador and his cohort of scientists, spirit animals and vibe consultants, is releasing their entire 450 song catalog on Musicoin. Jumpsuit aims to offer a steady supply of nutritious auditory vitamins in digital music format.  “What Musicoin is doing is very cool. Jumpsuit Records plans on uploading a track a day, so we can wrap our minds around how it all works.” said The Polish Ambassador, Jumpsuit Records.

Noisehive Logo
Noisehive – An independent, worldwide music distributor out of Melbourne, Australia offering premium digital distribution to all major platforms including Amazon Music, Apple Music, Beatport, Deezer, Google Play, iTunes, Pandora, Spotify, and Tidal. Noisehive will add Musicoin as a standard release channel for independent artists doing direct licensing. “Noisehive is very interested to work together to help with the growth of Musicoin, and bring our roster of independent artists to play,” said Ashley Gay, Founder at Noisehive.

MiQ LogoMiQ – will leverage the Musicoin library and offer free plays in a new mobile streaming app. “Musicoin and its creator Isaac Mao have truly brought something valuable to the world. Thanks to blockchain and cryptocurrency  technology  we  have  arrived  at  the  new  Internet  age  –  now  any  form  of  content  shared  on  the Internet  can  be  recognized  as  having  a  tangible  monetary  value;  while  intrinsically  connecting  everyone  in  that social network. MiQ’s highly dedicated and international team sees joining with Musicoin as a great opportunity to play a contributing role in shaping the next generation of music Apps.” Said Johnny Quattro, Founder CEO of MiQ Group.

Opus Foundation Logo
OPUS Foundation – The streaming music platform being built on Ethereum & IPFS has grand plans for a completely decentralized music streaming service. Musicoin will work with OPUS to test lower transaction costs and different scaling methods than Ethereum can offer. “There are still some things to overcome before going mainstream, including scaling gas costs associated with millions of track purchases per day on Ethereum. We’re open to every possibility of potential for partnership with Musicoin to help solve these issues.” said Mateusz Mach, COO at OPUS Foundation.

Musicoin Alliance strengthens the long-term effort to build a worldwide Musicoin economy. Musicoin has grown a community of thousands of musicians, fans, and miners with the music streaming platform at Musicoin.org. The Musicoin Alliance builds even more avenues for them to connect and share.

Musicoin (MUSIC) is a smart cryptocurrency & music licensing platform built upon the Musicoin blockchain. Artists, industry associates, and music listeners worldwide are encouraged to visit Musicoin’s official website at www.musicoin.org

For all media, interview and other inquiries, please contact:

Dylan Tarre, Chief Evangelist, Musicoin Project
E: press@musicoin.org