🎙️ Music Industry
2.1 The Convergence of the Music Industry and Blockchain
The traditional music industry has long been operated under a centralized business model dominated by major record labels and streaming platforms. Despite being at the core of the music ecosystem, artists and fandoms have been marginalized in revenue distribution, with their participation limited to predefined roles dictated by platforms.
Key Issues in the Music Industry:
Monopolistic label-driven structure → Reduced earnings for artists and creators.
Opaque revenue distribution → Insufficient financial returns for creators and fans.
Lack of direct engagement between fans and artists → Traditional platforms restrict direct communication and interaction.
To address these structural inefficiencies, blockchain and Web3 technologies are essential.
Blockchain’s Role in Solving Industry Challenges:
Transparent revenue distribution through smart contracts
New monetization models utilizing NFTs and Social Tokens
Decentralized governance structures that distribute platform control to fans
These changes represent more than just a technological innovation—they serve as a catalyst for transforming the entire paradigm of the music industry.
Eternal Moon aims to bridge the gap between artists and fans using Web3 technology, ensuring fair and transparent revenue distribution while building a decentralized music ecosystem.
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