61. Bitcoin and Music: Direct Payments for Artists
In the music industry, Bitcoin enables artists to be paid directly by their fans, without going through streaming platforms or record labels that often take a large share of the revenue.
For example, musicians like Imogen Heap have used the blockchain to sell their music and receive immediate payments, cutting out the middleman.
Blockchain-based platforms like Audius offer a decentralized way of distributing music, allowing artists to retain ownership of their work while receiving rewards in cryptocurrency.