Got invited to an interesting event today where Emanate representation @djlethalskillz presented. Its a very interesting project as its like Spotify however its powered by the EOS blockchain.
In DJ Lethal Skillz explaination, there is a smart contract which rewards the author of the music every six seconds of play time. So as you stream the music, the author / singer / songwriter gets paid every 6 seconds. Unlike Spotify .. where the artist gets paid at the end of the song.
From the dashboard, you are able to see how much this song has actually got paid to the artist
You can see that DJ Lethal Skillz already got paid a total of $4.81 for the song Ocean Ride. This would just continue to accumulate and the value of that is being paid in EMX token which is like the Stable coins of Emanate.
You are also able to stake Emanate by buying EMT tokens thru the EOS markets like NewDex . What you get a lil bonus from a growth pool.
So this is one of the more interesting projects on the blockchain which I’ve seen and it has great potential. When asked how is Copywrite protected for musicians, it seems that every genre has its own curators and when new artists signs up, they are manually checked and verified before being able to upload their music.
DJ Lethalskillz is one of the curators for HipHop and he would be one of the many curators out there.
Do check out this site, as I do think its pretty cool … give back artists what they deserved and not be cheated and scammed by production houses.