Each week we select the most interesting ICO projects in one business area. This week we are looking at blockchain technology innovations in the Music industry.  It’s known that 70% to 80% of the artist’s revenue goes to intermediaries, and artists can’t earn enough from existing streaming services. Various blockchain projects have tried to find a solution to this problem. Here are the 4 most interesting past and upcoming ICO’s, you can’t miss. Stay tuned!

Viberate

Upcoming ICO: 5/09/2017 – 04/10/2017

Viberate is a decentralized music marketplace. One may say that Viberate is Booking.com meets IMDB. Viberate offers music content for listening, but most important it is a platform that brings musicians and clients together. This means that one can book artists and buy concert tickets using Viberate. The platform enables artists to charge fees in Vibes, as well as sell concert tickets. To date Viberate features over 50, 000 venues, 210, 000 events and over 120,000 profiles of musicians. These profiles are a sort of musician’s ID with updated social media stats, concert dates, recent content and contacts for agents and managers. Viberate has a strong bounty program: participants will earn Vibes by creating content -  adding profiles, editing the content in existing ones, writing articles, promoting the service etc. The minimum goal of the ICO is $1,000,000. The hard cap is $12,000,000. And it’s quite likely that the tokens would be sold off within a couple of hours.

Musiconomi

Ongoing ICO: 31/08/2017 – 28/09/2017

Musiconomi is a new music ecosystem based on blockchain. It is a streaming platform aimed at creating a fair music economy for artists, users and industry experts. It will enable musicians to release their works, create simplified licenses, and get paid directly and immediately for each play. Musiconomi has a bounty program for users: the project rewards participants after they share tracks with Musicoins.  The MCI token will grant users the access to different features and tools within the platform. For example, participants will have access to various playlists, radio streaming, virtual merchandise and ticket storefronts. Musiconomi is the second startup to pass through Cofound.it’s crowdsale incubation program. Musiconomi is an additional project to Musicoin Project running a beta platform with more than 4,200 users. Musiconomi will be based on Musicoin Blockchain and use smart contracts to automate the collection and disbursement of payments to musicians each time a song is played. The minimum expected threshold should be at least $6 million USD and a maximum cap of $18 million USD.

Voise

Past ICO: 06/05/2017 – 06/06/2017

Voise is a decentralized Ethereum based blockchain music platform. It provides music streaming and downloading solution. Voise’s main goal is to give artists control over distribution and revenue from content they create and release online. In other words Voise is monetizing independent artists. The business model of the project distributes 100% of the revenue to the artists. The platform will provide promotion opportunities for young artists such as free samples. The projects token is called Voisiums (VSM). The ICO lasted for one month and the platform sold a total of 825,578 VSM tokens (approx. 3 $ million). It means that the project raised the desired minimum of 2 $ million for launch. Voise is planning to develop the alpha version of the platform in the beginning of next year. It’s likely that the project will take off and become one of the most interesting and fair blockchain technology solutions for music content distribution.

OPUS

Past ICO: 23/07/2017 – 23/08/2017

Opus is an open source decentralized music platform with demo built using IPFS and Ethereum. Opus already has the core features of the platform in public Beta. The music tracks are stored on IPFS and the keys are stored on the Ethereum. The project will ensure that labels won’t hide money from the artists, since all the transactions will be transparent. Opus will provide 97% of the revenue to musicians. The development of the Opus platform will be set according to the results of the participants’ voting. Another important feature of the platform is that it stores music files decentrally. There is no way the Government can limit the music served through Opus. The platform has a bounty program: new artists can promote their songs by allocating a certain number of sales to people who share tracks. Artists can share a percentage of their earnings to users who create related content and socially distribute tracks.