The Music of Innovation
Shakespeare argued that music nourishes love, but does it feed the artists? Viberate, an online haven for musicians, is planning to bring not just the notes but also the dollars into harmony. By pairing musicians with event organizers and creating a fresh payment platform, they’re on a mission to revolutionize the live music scene.
From Love to Tokens: The Vibe Currency
This isn’t just about jamming out. Viberate is rolling out a digital currency dubbed Vibe tokens, which can be utilized on their platform for various music-related activities. Following their crowdsale launch on September 5, 2017, Viberate plans to sell a hefty supply of 200 million tokens. And did we mention they’ve already racked up a cool $580,000 in funding? It appears money does sing!
Why Go ICO?
In a chat with Vasja Veber, COO and Co-founder of Viberate, we explored the rationale behind their decision to pursue an Initial Coin Offering (ICO). Unlike other services that collect cash but fizzle, Viberate wants to future-proof its marketplace. With eyes set on expanding features to host profiles for venues and event organizers, they’ll be paving the way for a genuine music marketplace. After all, a gig isn’t just a moment; it’s a long-term relationship that needs some cash commitment!
Blockchain: The Future Maestro?
So, how does blockchain add value? It’s all about creating a universal payment system, offering escrow services for peace of mind and enabling quick, secure gig bookings. Veber compares this transformation to what Airbnb did for travel – taking something strenuous and making it a breeze. Talk about a musical revolution!
Making Waves with Live Music
Viberate’s focus on the live music segment makes sense considering that it’s where artists’ wallets are filled these days. While royalties swirl in confusion, live performances have emerged as the leading form of income for many musicians. By ranking artists based on social media popularity and genres, Viberate helps shine a spotlight on what truly matters—a solid performance!
The Crypto Concert: Is the Industry Ready?
It’s clear that cryptocurrencies are gaining traction, yet the big names in the music industry may be hesitant to embrace the change. Veber’s vision targets the unsigned talent—the garage bands and indie musicians that need the most support. This demographic is tech-savvy and open-minded about digital currencies, making them the perfect candidates for Vibe tokens. Veber sees potential in these underdogs becoming the champions of this music revolution.
The Road Ahead: A New Currency of Success
Viberate aims to not only offer a conversion service for musicians but also wants to establish Vibe tokens as the currency of choice within the music scene. With hopes of a superstar endorsing this currency, they aim to swap traditional payment methods for something a bit more modern. As Veber puts it, “We can make it a go-to currency (so you better hold after you buy Vibes in September).”
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