The New Music Industry A Decentralized Ledger Protocol for Media Streaming & Consumption Mining
The New Music Industry is more than concept. It is the culmination of three decades of music industry experience in both physical and digital music distribution. It operates today as a web2.5 economy that transacts on both USD and $XRU using five components that collectively create the blueprint for an artist controlled industry. By combining profitable fiat generating businesses with Consumption Mining, a new music economy has been created where listeners and consumers generate the energy used to build value in a digital currency through physical product purchases and the act of listening to free music. Consumption Mining ensures the daily circulation and exchange of Cherut, while the fiat profits from related components are divested into $XRU daily. Tying direct participation to the opportunity of obtaining tangible merchandise paves the path for user adoption and support of the protocol. The New Music Industry is blockchain music technology built on top of apparel manufacturing and other services that combine to bridge the gap between web2 and web3.
