MusicCoin (MUSIC) - cryptocurrency review
MusicCoin (MUSIC) - cryptocurrency review

MusicCoin (MUSIC)

Rank: #72

Our Review
4
Real-world utility
1
Market Cap
2
Investability
decrptd review 2.3 / 10
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Music Coin

MusicCoin (MUSIC) is a decentralised system for the publication and consumption of music. Believing itself to be the next generation on from…

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MusicCoin (MUSIC) – cryptocurrency review


MusicCoin (MUSIC) is a decentralised system for the publication and consumption of music. Believing itself to be the next generation on from Napster and Torrent, MusicCoin has introduced what it calls a “Sharism Model”.

In the Sharism Model, each playback represents an exchange between the musician and the listener. The listener sends a payment to the musician, and in exchange is granted access to a specific work. MusicCoin are using blockchain technology because it facilitates fast, borderless transactions which they feel suit this industry well and represent a fair exchange between those who create and consume music.

As much as the concept appeals, it really is immensely difficult to see how MusicCoin will oust existing actors such as Apple Music, Spotify, and the many record labels and artists who negotiate with them. While MusicCoin surely has a place, it is likely that it will remain sidelined for the time being.

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