Smart contracts revolutionize music industry payments by automating royalty splits among collaborators. They eliminate ambiguity and delays, ensuring transparency and fair compensation. Artists like RAC and Latashá already utilize these agreements for seamless transactions. This shift empowers indie musicians, allowing them to focus on art instead of chasing payments while enhancing accountability.
DAO-based music communities are revolutionizing fan engagement, empowering artists and fans to collaborate through decentralized governance. This model allows for shared decision-making and profit-sharing, enabling indie musicians to maintain control over their art while fostering deeper connections with supporters. Each participant plays a crucial role in shaping the community’s creative direction and financial success.