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'Musicians On The Blockchain Series' #4: The Blockchain Reshaping The Music Industry & The New Opportunities To Earn From Your $Music by djlethalskillz

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· @djlethalskillz · (edited)
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'Musicians On The Blockchain Series' #4: The Blockchain Reshaping The Music Industry & The New Opportunities To Earn From Your $Music
<center><img src="https://i.imgsafe.org/ec/ecb154e12b.png" /></center>

<center>
###### Disclaimer The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official parties mentioned in here.

----------


<center>
### **THE MUSIC INDUSTRY**

<center>The Music industry has always been challenging for musicians to be fairly paid back for their content creation in the pool of $15 billion Music industry.

<center><img src="https://i.imgsafe.org/34/34ef22620b.png" /></center> 
###### Global Music Market and trends (Source IFPI CY2012; includes Japan)

<center> In were the '**Middle Men**' or Record Labels, Music Distributors, Online Music Sale platforms and Publishers receive the biggest share of the Artists’ **Royalty Payments** and to be honest it's those big labels who controls the types of music and artists that gets the exposure and become popular.

<center>
### **THE BLOCKCHAIN**
<center><img src="https://i.imgsafe.org/ed/ed6588e201.gif" /></center>

<center>One of the great thing about the **blockchain** is that because it is a **decentralized** system that exists between all the permitted parties there is **no need to pay the 'Middlemen'** at the same time it **saves us plenty of time** and **conflict** that we musicians face in the current traditional systems used; but now all of this is changing quickly as the Blockchain is proving to be **faster**, **cheaper**, **and more secure** in which is why Banks and Governments among other institutions and industries are being attracted to the Blockchain and turning to it.

----------
<center>
### **What is Musicoin? Why $Musicoin For Musicians?**

----------
<center><img src="https://i.imgsafe.org/72/72c06408e7.png" />
</center>

<center> **Musicoin 'The World’s First Smart Cryptocurrency For Music**'
----------

----------

<center>The **[Musicoin project](https://medium.com/@musicoin/roadmap-of-musicoin-blockchain-4a65620fefce)** was launched in early February 2017, Musicoin is traded under the symbol **'MUSIC'** on the crypto currency exchanges like Bittrex and such.

<center><img src="https://i.imgsafe.org/ee/ee089ba5e1.png" />
</center>
###### Source CoinMarketCap.com taken on January the 5'th of 2018
***

<center>
### **Licensing, Publishing and Releasing Your Music On The Blockchain**

<center> Now we the Blockchain decentralized technology musicians can get a **full grip** and **control over all the stages of releasing our Music** from Licensing to Publishing and to instantly earning back from our content creation within minutes,  at the same time eliminating the current 'Middle Men' and their ridiculous charges fee's that usually eats up most of the artists well deserved profits from our own content creation.

<center>
#### **Blockchain 'Smart Contracts'**

<center><img src="https://i.imgsafe.org/ee/ee8e233903.png" />
###### Smart Contracts Infographics, Source image blockgeeks.com
</br>
Using the **'[Smart Contracts](https://btcmanager.com/blockchain-startup-musicoin-aims-to-disintermediate-the-music-industry/)'** recorded on the Musicoin Blockchain, that set out the exact costs and terms of each contract or song the Musician is now able to **Copyright**, **License**, **Manage Royalty Payments** and the **Distribution** of their own music on the blockchain.

***
<center>
#### **PAY PER PLAY OR 'PPP' & THE NEW 'TIPPING' CONCEPT TO MAXIMIZE EARNINGS ON MUSIC**

<center>The beauty and magic of the Musicoin **'PAY PER PLAY'** or **'PPP'** is that it provides the Artists with **Instant Earnings** from the music as soon as a **Listener Hits Play on a Song** in addition all the earnings can be automatically divided if there is more then one musician involved in the content creation accordingly to how the you setup the "**Royalty Payment**" in the initial setup of the **Smart Contract**

<center><img src="https://i.imgsafe.org/ee/ee751e52fb.png" />
###### PAY PER PLAY & Royalty Payment Split Example across several Musicians, Infographics

<center>In addition to the **instant revenue** the Artists or Music creators can also get **Tipped** on the **Musicoin** platform by the '**Listeners**' who can '**Tip**' their favorite song or artists; this feature by itself makes a huge difference then any other music platform out there in the common systems used.

<center><img src="https://i.imgsafe.org/e0/e066f17529.png" /></center>
###### Musicoin **'TIP'** Infographics

<center>With the '**Tipping'** feature Artists can receive from **1 to 1000 Musicoins at once** which is the equivalent of **1 to 1000 streams at once** / That equals anything from **$0.061091 USD** to **61.09 USD PER 'TIP' !!** *(Rough Estimate)*

<center><img src="https://i.imgsafe.org/ef/ef3549b0ee.png" /></center>
###### Source CoinMarketCap.com taken on January the 5'th of 2018

----------
<center>
#### **Musicoin Profits Comparison Chart**

<center><img src="https://i.imgsafe.org/e0/e07face61b.png" /></center>
###### Musicoin Profit Comparison Chart rough estimate as value went up since this current analysis

<center>It's so obvious that **Musicoin** awards and pays much more money to music creators than its closest competitors *for now* which is **Spotify**. 


----------
<center>
### **Is Hosting Your Music on Musicoin and The Blockchain Safe?**
***

<center>
**Blockchain Musicoin Content Rights Protection**

<center><img src="https://i.imgsafe.org/35/3516f3c2e1.png" /></center><center>
###### Your Original Content is Protected by the Blockchain & the Smart Contracts technology. Image source [Musicoin official Instagram Page](https://www.instagram.com/musicoinofficial/)

<center>More beauty and benefits of @Musicoin is that your 'original' music is automatically copyrighted when uploaded to their **[Musicoin](musicoin.org)** blockchain combined with the use "**Smart Contracts"** technology.

<center><img src="https://i.imgsafe.org/ef/ef8ee1301a.png" /></center><center>
###### Image Source BlockchainTechnologies.com

<center>That happens by definition when anything that is uploaded to a blockchain can not disappear, your "**Smart Contracts**" lives forever on the Blockchain with it's own specific address assigned to you. Therefore your content created uploaded to Musicoin Blockchain with the 'Smart Contracts' is the absolute proof that you're the original creator.

----------


<center>
#### **The Beauty & Ease of The Musicoin User Interface Or 'UI'**

<center><img src="https://media.giphy.com/media/xULW8I6GLOv2q3Qjqo/giphy.gif" /></center> <center>

<center>I simply love the simplicity and beauty of the Musicoin interface from uploading the music and the artwork to how your artwork becomes printed on a vinyl that comes out and starts spinning when you or a listener hits play on a song.


<center>Other then the cool interactive interface what really triggered me and got me more hooked into Musicoin was the **ease** of **licensing**, **publishing** and **releasing** my first song on the Blockchain which i did within a few minutes only!

<center>As shown in the step by step animated guideline below:

<center><img src="https://steemitimages.com/0x0/https://res.cloudinary.com/hpiynhbhq/image/upload/v1512755819/eda3iq8r2zc8fc5ymbbs.gif">

----------

<center>
### **My Personal Earnings Case Study With The Blockchain 'Musicoin' VS. The Standard Centralized Platforms**

<center><img src="https://i.imgsafe.org/35/355b169eb5.png" /></center>
###### Live Screenshot from my [Artist Musicoin Page](https://musicoin.org/nav/artist/0x601dd2de59a5295dcfffc99ddc188ee3488bc8d0)

<center>Within less then 2 months only of hosting and promoting my music on **Musicoin** I have earned **8.5k Musicoins** which is the equivalent to **$516.26 USD** with the current Musicoin Crypto value in the market *[Coinmarketcap](https://coinmarketcap.com/currencies/musicoin/)* at the moment of me writing this post.

Also I accumulated the amount**4.4k from 'Tips'** all of that said while exploring and supporting back lots of new musicians and great music from across the world in all it's musical colors.

<iframe width="560" height="315" src="https://www.youtube.com/embed/D1WGYAnHNbU" frameborder="0" gesture="media" allow="encrypted-media" allowfullscreen></iframe>

###### Sharing with you some Musicoin Love ;) 


----------

<center>Since i released my [first official music album](https://djlethalskillz.bandcamp.com/album/new-world-disorder-dj-lethal-skillz-debut-album-2008-21-full-tracks) digitally back in 2008, I used to use a great service provider for digital music distribution like **Reverbnation** as from one place you can automatically place your music on the most known centralized musical outlets the likes of Amazon Music, Apple Music, Deezer, Google Play, iTunes, Spotify, Tidal and such...

----------

<center>
### **Here's A Quick Example On Revenue Comparison Between The Blockchain & Current Centralized Platforms**

<center><img src="https://i.imgsafe.org/35/35b7c54ae6.png" /></center>

<center>At Reverbnation for example the annual **fee's** so they distribute your music only with the basic package is **$280** which is by looking at the charts of my personal sales from **Reverbnation** **'Sales revenue'** **Vs.** **'Centralized Digital Distribution'** The cost of having my music out there is ridiculous .... So Startup musicians has a very hard time to get their music to a wider audience unless they have the resources to pre-invest their own money other then the costs occured for the work, recording, mixing and mastering your work to be ready for release....

----------

<center><img src="https://i.imgsafe.org/33/334517f744.jpeg" /></center>

<center>You can register as a **[Musician](musicoin.org)** or a **[Listener](musicoin.org)**. 

<center>By being a **Listener** you can support the Musicians and the music you like simply by just **Pressing Play** on a song!

As soon as the song is played the artists gets paid instantly **1 $Musicoin** by the **Musicoin Blockchain** / **Miners** and in addition you can also **TIP** your favorite artist to show them more love and support.

<center><img src="https://i.imgsafe.org/33/33960b2a20.png" /></center>

###### Musicoin Musicians, Miners, Listeners Infographics


----------

<center>
### **Data Insight & Reporting Tools**
<center>To sound fair 'Reverbnation' do provide some features that the musicians platforms on the Blockchain haven't endorsed yet, like  **Customizable Reporting tools and data Insights** on your Music, Followers and earns ...

<center><img src="https://i.imgsafe.org/f0/f08d53d33b.png" /></center><center>
###### Image capture of the reporting tools from my personal Reverbnation account

<center>What i like and use the most is the **reporting tools**, as it provides a wide range of looking at your **data insights** varying from **Band Equity**, **Fan Stats**, **Play Stats**, **Traffic Stats** to **Earnings** and such.


<center><img src="https://i.imgsafe.org/f0/f0aadde162.png" /></center><center>
###### Extract from my personal Reverbnation artist reporting tools. Image  Source reverbnation.com/djlethalskillz

<center>This kind of data and information can be really helpful for musicians to monitor their music performance and amend any necessary changes if needed to help expand the fans and follower base reach and maximize on the revenue from your content creation.


<center>**This is something I'm really looking forward to see on the Blockchain Musicians Ecosystem and $Musicoin platform.**

----------
<center><img src="https://i.imgsafe.org/36/3679c50b46.png" /></center><center>

<center>**Musicoin** is **Free to use!!**
I Highly encourage you to **[Register today](musicoin.org)** **Upload** your music and **Share** it on the Blockchain ecosystem and your social medias and start **Earning Now**.

<center><img src="https://i.imgsafe.org/36/3687160b83.png" /></center><center>


----------
<center>**if you would like to know more about Musicians on the Blockchain, Musicoin and other similar topics you might be interested in my other blogs.** 

<center>-[How To Embed & Stream Your Musicoin Player on Twitter, Giving Musicians More Exposure & Instant Payouts](https://steemit.com/utopian-io/@djlethalskillz/how-to-embed-and-stream-your-musicoin-player-on-twitter-giving-musicians-more-exposure-and-instant-payouts)
-[The Musicians Quick Start Guide Compiled Series & More | #Each1Teach1 By DJ Lethal Skillz](https://steemit.com/teammalaysia/@djlethalskillz/the-musicians-quick-start-guide-compiled-series-and-more-or-each1teach1-by-dj-lethal-skillz)
-[First Free Community Workshop for Malaysian Indie Artists](https://steemit.com/teammalaysia/@djlethalskillz/first-free-community-workshop-for-malays-2017-12-22-10-50-14)
-[Ending 2017 with a Bang | My Journey as a Musician on the Blockchain | Waking up on being 'Artist Of The Week' on Musicoin](https://steemit.com/teammalaysia/@djlethalskillz/ending-2017-with-a-bang-or-my-journey-as-a-musician-on-the-blockchain-or-waking-up-on-being-artist-of-the-week-on-musicoin)
-[The Blockchain Musicians Guide: How To Transfer Your 'Musicoin' To Your 'Bittrex Wallet'](https://steemit.com/utopian-io/@djlethalskillz/the-blockchain-musicians-guide-how-to-transfer-your-musicoin-to-your-bittrex-wallet)
***

[<center><img src="https://steemitimages.com/0x0/https://media.giphy.com/media/26u4oKdS6IEAzXl7y/giphy.gif" /></center>](https://steemit.com/@djlethalskillz)


----------
<center>**Hope this guide helps you with your Musician Journey On the Blockchain, If you have any questions or need more information please do comment below and let me know.**

**Thank your for taking the time to read and for your support in advance, Wishing You All a Happy and Blessed 2018!**
*Kudos!*
<center>**Each1Teach1**
[*DJ Lethal Skillz*](https://steemit.com/@djlethalskillz)


----------
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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@geral ·
Wao interesting i think is going to be a popular one
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@djlethalskillz ·
It is and will indeed ;)
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@ankavatar ·
I read the whole thing uncomfortably.
πŸ‘  
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@djlethalskillz ·
$0.06
Thank you for reading through and the feedback, may i ask why u said 'uncomfortably' i'm open to feedback and suggestions as it will help me develop further would love to hear your opinion. Kudos once again on the feedback! ;)
πŸ‘  
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@michaelizer ·
Nice work, good luck with your project.
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@djlethalskillz ·
Thank u !
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@askeb ·
Any tips on how to promote your content on the Musicoin platform itself? I find it difficult until some playlist/curation feature is incorporated.
πŸ‘  
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@djlethalskillz ·
Great idea Having a playlist/curation feature would be nice, the only way to promote yourself on the **Musicoin** platform itself is by engaging with other fellow musicians on the platform, comment on their music and tip the ones you like and they will do the same most of the time another way to promote yourself on Musicoin you can join their new **[$Music forum called "Let's Rock"](https://forum.musicoin.org/)** and engage with the community there. I do both personally and on top of that i share my Musicoin player from Musicoin itself into my twitter, facebook and such to increase my reach and attract more listeners to my music. Hope this help thank you for your feedback, Kudos!
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@voyceatlas ·
### I'm all they way in this. So much that when someone was actually streaming my SoundCloud at the end of a show, I went to the sound booth, stopped my own music and switched it to @musicoin. πŸ˜‚πŸ˜Ž
πŸ‘  
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@djlethalskillz ·
$0.13
lol! Musicoin Over Dozin i see ... haha  ure a Champ and on the right path! Kudos n Salute

<img class="irc_mi" src="https://s-media-cache-ak0.pinimg.com/originals/e7/c1/78/e7c1783e786f99cdcb139a4c4063870b.gif" alt="Image result for champ animated gif" onload="typeof google==='object'&amp;&amp;google.aft&amp;&amp;google.aft(this)" width="304" height="304" style="margin-top: 45px;">
πŸ‘  
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@gleb-jeglov ·
Nice post! I follow you =)
πŸ‘Ž  
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@djlethalskillz ·
You got flagged because you are spamming the community with this ...!

<img src="https://i.imgsafe.org/f3/f3b382a9c9.png" alt="flagged.png" title="flagged.png" class="img-responsive">
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@voyceatlas ·
Lol why do they not understand it doesn't work??? Silly humans.
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@theessential ·
This is super interesting- especially for a Musician/ Crypto trader haha

I do not have the time I used to to play shows and travel- now I am a nurse and i have a family..It would be nice to still earn some money playing music and support the crypto community at the same time!!
Thanks
πŸ‘  
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@djlethalskillz ·
Thank you for the feedback my fellow Musician/Crypto trader haha 

I hear u on the time management part, but with the blockchain u dont need to travel and do shows just setup a small home studio record ur music or produce it and publish it and ear straight on the blockchain ecosystem so may opportunities out there, You can sign it as a listener on Musicoin and support other artists or publish ur older music on the blockchain... Get'em all! haha

Kudos
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@theessential ·
$0.02
Awesome man, thanks for the response.  I will definitely look into it!
πŸ‘  
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@themixedhippie · (edited)
I signed up last week and uploaded a track  (https://www.musicoin.org/nav/track/0xb5479933074979c3e64209803253493267cf6b42) but I'm having a hard time havin my account verified. I haven't uploaded much content to the sites they have listed. I have used DistroKid in the past and went that route. Any suggestions on moves to make to speed this process up or to get in contact with support? @djlethalskillz

Oh and amazing article! Put together very well.  Keep helping!
πŸ‘  
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@djlethalskillz ·
@themixedhippie Peace mah man! very nice track i just heard it on Musicoin, i followed and Tipped u also cause i really liked the track beautiful chill vibes!

As u said the fastest way to get verified is to have content to backup the claim that you are who you claim you as a human will be checking it it is not an automated process in order to block scammers and fake accounts and keep the ecosystem as clean as possible. Best i advise you is to upload few of ur older works on soundcloud mainly, youtube if any videos and twitter link all with Musicoin that will make the magic happen quicker! Let me know if u need any further assistance, Kudos!
πŸ‘  
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@themixedhippie ·
I think I'll upload some songs to YouTube today! Thanks for the info and the tip/feedback!
πŸ‘  
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@joannewong ·
$0.03
@djlethalskillz, the explanation on musicoin is very detailed and very informative. Finally, ​I understand how does Musicoin works because of this post.
πŸ‘  
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@djlethalskillz ·
Peace @joannewong thank you for your reading through and the feedback, glad it helped u somehow! Kudos and Happy New Year see u soon over a Burger #teammalaysia :P
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@termitemusic ·
$0.03
wow big up for this bruv!!!! ( and thankyou for the boost on tha cypher jam man!!! much appreciated!!! )
πŸ‘  
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@djlethalskillz ·
Kudos bruv! Much Respect to yall keepin HipHop in the community alive, Keep on! Salute
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@termitemusic ·
right back at ya!!!!!!
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@roused ·
$0.06
Tip of the hat for an excellent presentation
πŸ‘  
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@djlethalskillz ·
@roused thank u for reading through and your feedback ;) Kudos!
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@redsfallin ·
This looks really amazing, just I would not know the first thing about going about setting this up I am still learning how to do many things from steemit, to LMMS as that is the only software I have to make music with.. 

Plus, I have never had formal training in any type of producing so it is kinda slow going.. 

Thanks for this I will definitely keep this in mind when one is ready!
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@djlethalskillz ·
@redsfallin Peace my fellow steemian and musician! Thank u for coming through theres so much information in the community and initiatives that can guide and assist u in any goals u set if u need any assistance please do not hesitate to reach out. U should check this new guide i made it should help u getting started when u ready, Good luck with your Journey on the Blockchain!
πŸ‘  
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@cryptochindian · (edited)
$0.05
Wow what amazing visuals! Keep up the good work.

P.s. Think i have heard you playing at Zouk before!
πŸ‘  
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@djlethalskillz ·
Peace mah manm thank u for the feedback! yes i used to be a resident DJ at Zouk with Nesh and Vandal  Salute!
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@ax10m ·
Great overview! Thanks for that.
πŸ‘  
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@djlethalskillz ·
Pleasure mah man! Kudos
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@freedomexists ·
$0.07
Great post as always, loaded with useful information, upvoted.
πŸ‘  
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@djlethalskillz ·
@freedomexists Mah man! means a lot coming from you, thank u for reading through the feedback and support! we sitting on  $Musicoin $0.088494 USD (40.43%) all the way up ;)

 Catch u on the whaleshares soon, Salute!
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@levitation ·
<p>This post has received a 32.26 % upvote, thanks to: @djlethalskillz.</p>
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