CeloTune addresses a fundamental issue in the music industry: the inefficient distribution of revenue and the high barriers for global access to paid music content. Traditional streaming platforms often offer artists a minuscule fraction of the revenue generated from their work, with payments often delayed and dependent on intermediaries. Additionally, these platforms typically require subscriptions or high per-song fees, limiting access for listeners, especially in emerging markets.
By leveraging the Celo blockchain, CeloTune introduces a decentralized music streaming and purchasing platform that enables direct micropayments from listeners to artists. This model ensures a more equitable distribution of revenue, with artists receiving a larger share of income directly and instantly. It eliminates the need for costly intermediaries and allows artists to set their own terms for their work.
Moreover, CeloTune taps into Celo's strengths of low transaction costs and high accessibility, especially on mobile devices. This makes it feasible for users to make small, pay-per-listen payments for music, democratizing access to content. This pay-per-use model, unlike traditional subscription models, offers flexibility and affordability to users, particularly in regions with lower purchasing power.
Connecting to MiniPay & Valora and testing them in the web app environment
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