🔥Current Challenges
Benefits of decentralizing the music industry through Blocknotes
Challenge - Currently, tags and descriptive information cannot be permanently attached when creating instrumentals and audio files. When an instrumental is downloaded, the owner is left with no more than an audio file.
How we help - Mint your work as a digital collectible. Through the Blocknotes minting application, creators are free to customize their digital collectible parameters. The information stays on the collectible throughout transactions and cannot be altered unless the creator chooses to have mutable metadata.
Challenge - It is nearly impossible for small creators to connect and collaborate safely. There is no way to pay someone for their work and get a guaranteed result. Currently, collaboration is done through social media with no secure intermediary for payment.
How we help - Take advantage of a secured escrow. The Blocknotes escrow service provides an intermediary for creators to collaborate safely. Nobody is paid until the job is done.
Challenge - Creators have very few options when it comes to collecting profit for their work. The main way artists profit from their work is through streaming or leasing instrumentals. Unfortunately, creators make very little money from this. Platforms like ‘Spotify’ and ‘Apple Music’ pay a fraction of a penny per stream. Artists that are not well known find it difficult to make any profit at all.
How we help - Sell your work. By selling audio files as digital collectibles, the creator can keep all profit and make royalties when their work is traded in the future.
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