There are some application to listen to music similar to Spotify, but decentralized?
Spotify, being a centralized platform, acts as an intermediary between creators and musicians, on the one hand, and listeners, on the other.
This means that he has great power, especially with regard to artists, and retains a substantial part of the income for himself.
A decentralized music streaming platform, on the other hand, would require no intermediaries and would directly connect artists to listeners, eliminating the two problems mentioned above.
Actually, some time ago, Spotify bought a blockchain startup, MediachainBut this was not an effort towards decentralization.
Mediachain is simply a blockchain-based peer-to-peer database for sharing information between different applications and organizations, used in particular in the music industry to ensure that artists receive a fair payment, thanks to the registration of its clauses. copyright in smart contracts.
It is worth mentioning that Spotify is one of the members of the Libra Association, which means that it is a very active company in the cryptocurrency sector. However, it remains a centralized platform.
A first alternative to Spotify is Emanate (formerly Choon), a music streaming platform that uses the blockchain to pay artists more fairly and in a timely manner.
Some artists, such as Tala, Darude, and Guy J, for example, may already raise more of their music streaming revenue.
Choon was based on Ethereum decentralized blockchain And it uses smart contracts that give artists 80% of total revenue. In addition, payments are made almost in real time, that is, daily, and allows crowdfunding campaigns to be run.
Another similar case is Musicoin, a blockchain-based music streaming platform that enables the transparent and secure transfer of music in peer-to-peer mode. It also has its own token, MUSIC, thanks to which you can allocate 100% of streaming revenue to artists.
There is also eMusic, a decentralized music distribution platform similar to the previous two, which also allows artists to reward fans with exclusive content, promotional incentives and cheaper prices than other similar services.
Audius, on the other hand, is exactly like a decentralized alternative to Spotify, in part because it's a project backed by some big names in the international music industry.
This list should also mention DLive, which despite not being a music streaming platform, but videos, is one of the most successful online streaming projects on blockchain to date.
After all, as well as YouTube It has also become a music streaming platform over time, it is not unreasonable to think that over time DLive could also use its success to establish itself in the music market.
There is still no decentralized music streaming platform that has established itself as a benchmark in this market, as is the case with Spotify among centralized platforms, so the future may bring many new developments in this specific area.
This means that there is ample space for new players, especially if they already have a solid commercial activity and a good amount of users.