Bolero’s “Song Share” model proves the potential of Web3 music
Bolero, a French start-up, believes that its new “Song Share” model provides evidence that Web3 music has a promising future. The model allows fans to have micro-ownership of an artist’s music, enabling them to earn a percentage of the song’s royalties. The launch of “Song Shares” featured notable artists such as French rapper Rilès and techno DJ Agoria.
Key Points:
- Bolero’s “Song Share” model offers fans micro-ownership of an artist’s music.
- Fans can earn a percentage of the song’s royalties.
- The launch of “Song Shares” included artists like Rilès and Agoria.
- The model opens up opportunities for investing in already released songs.
- Over 30 artists, primarily from the hip hop and techno scenes, have joined Bolero’s venture.
Bolero’s CEO, William Bailey, is confident in the future success of the “Song Share” model. He believes it can drive adoption, introduce new economic opportunities for artists, and cater to music consumers and fans. Bailey hints at upcoming significant announcements and expects them to make a significant impact beyond Web3.
Hot Take:
Bolero’s “Song Share” model has the potential to revolutionize the music industry by allowing fans to have a stake in an artist’s success. By giving fans the opportunity to earn royalties, it creates a stronger connection between artists and their audience. This innovative approach could pave the way for increased artist-fan engagement and a more sustainable music ecosystem.
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