The traditional music industry has long been dominated by record labels, distributors, and streaming platforms that often prioritize profits over artists’ creative and financial well-being. Splinge™ is moving toward an artist-centric model, empowering musicians with greater control, transparency, and fair compensation.
Why the Music Industry Needs an Artist-Centric Approach
- Fairer Revenue Distribution
- Many artists earn only a fraction of streaming revenue, with platforms and intermediaries taking significant cuts.
- An artist-centric model ensures creators receive a larger share of earnings.
- Direct-to-Fan Engagement
- Cutting out middlemen allows artists to build deeper connections with their audience through NFTs, fan tokens, and exclusive content.
- Ownership & Creative Control
- Traditional deals often require artists to surrender rights to their music. A new model prioritizes ownership and artistic freedom.
- Transparency in Royalties
- Blockchain and smart contracts can provide real-time, verifiable royalty payments, eliminating opaque accounting practices.
How to Build an Artist-Centric Music Industry
1. Decentralized Music Platforms
- Fans can directly support artists through tokenized ownership or tipping.
2. Fan-Powered Royalties
- Fan-centric royalties ensure payments go to the artists fans actually listen to, rather than being pooled by popularity.
3. Web3 & NFTs for Musicians
- Artists can release music as NFTs, offering exclusive access, royalties on resales, and unique fan experiences.
4. Independent Distribution Tools
- Direct-to-consumer sales allow musicians to maximize earnings.
5. Smart Contracts for Fair Deals
- Blockchain-based agreements automate royalty splits, ensuring producers, songwriters, and performers are paid fairly.