By doing so, they have helped regular people become known celebrities, many of whom now hold more influence than TV networks and print media outlets. The same can be said for music streaming services like Spotify (NYSE:SPOT) and iTunes, which now allow musicians to skip record label deals and simply upload their songs directly to platforms through services like DistroKid and others.
While these are amazing feats, to say the least, the model still needs to be improved. According to Jack Cheng, co-founder of GazeTV — a blockchain-based social entertainment platform: