We met up with Volareo at the Waller Ballroom, Austin, Texas for SXSW 2018. They talked about the world’s 1st blockchain music streaming speaker and announce BLKCHN Records.
Track used: Aminata - Love Injected (Seal De Green Remix) by DOS OR DIE RECORDS. Listen for free here: https://bit.ly/2uVGyxb
Musicoin is a digital currency that designed to support the creation, publication, and consumption of music as a cycle. The system uses a special algorithm to generate a currency called Musicoin (MC), as well as another algorithm to support automated contracts (“smart contracts”) which enable creators and consumers to exchange value in a frictionless environment. With a unique currency and a solid contract system, large scale transactions around music becomes possible. Universal Basic Income (UBI) has made it possible for listeners to listen for free and musicians to upload and share their music for free as its paid by Musicoin (MC) miners. Each play for your music is rewarded with one Musicoin, this can be exchanged for fiat money.