3LAU is asking for a important rethink of the music business, one formed by the promise of blockchain expertise.
The trailblazing music entrepreneur and DJ took to X to share his forward-looking view on cryptocurrency’s influence.
“There hasn’t been a better time than right now,” he wrote,” to demonstrate crypto’s transformative potential for the music industry… to benefit all who play a role in it, with artists at center stage!”
The dialog round crypto’s function in music arrives at a fragile juncture. Bitcoin and different main cryptocurrencies are on a bull run, with Bitcoin not too long ago crossing the $91,000 mark and altcoins like Ethereum and Solana posting equally vital good points.
Talking with EDM.com in July 2023, 3LAU defined that blockchain tech can tackle deep-rooted inefficiencies within the music business. His focus is on fostering a system the place artists can retain larger possession and visibility into their earnings—a imaginative and prescient he has constantly pursued since launching Royal.io, a platform on the forefront of the tokenized music business.
“The music business has tons of areas of information asymmetry across it,” he stated. “It’s really impossible to think about solving that whole problem in one effort, but a starting point would be to show people one thing that’s going on in the background that they don’t know.”
No matter macro-economic circumstances, 3LAU has remained steadfast in his help of cryptocurrency and his newest feedback spotlight his continued conviction in blockchain’s means to convey extra fairness and transparency to music.
There hasn’t been a greater time than proper now…
to exhibit crypto’s transformative potential for the music business…
to profit all who play a job in it, with artists at heart stage!
— 3LAU (@3LAU) November 11, 2024
Comply with 3LAU:
X: x.com/3lau3
TikTok: tiktok.com/@3lau
Instagram: instagram.com/3lau
Fb: fb.com/dj3lau
Spotify: spoti.fi/3hgZvgI
