Israeli startup Music Messenger said on Monday it was working on a project that would use blockchain technology to provide a music streaming service.
The company envisions a blockchain-based alternative to Spotify, the popular music streaming service developed by the eponymous Swedish company. Music Messenger said its plan involved letting users pay for Music Messenger Tokens (MMT) or earn tokens by listening to advertisements.
Oded ‘O.D.’ Kobo, investor and board member at Music Messenger, explained that users would be charged less than a cent per song streamed, and artists would collect 90% of the proceeds. This is much higher than the tr...
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