Musicians are getting ripped off, but decentralized fundraising could help (feat. Miles of FanSociety)

Miles of FanSociety joins The Agenda podcast to break down why musicians typically get such a small cut of the money generated by their music, and how blockchain-based fundraising tools may offer a lifeline and help artists build sustainable careers without needing record labels.

The Agenda is brought to you by Cointelegraph and hosted/produced by Ray Salmond and Jonathan DeYoung. Follow Cointelegraph on Twitter at @Cointelegraph, Jonathan at @maddopemadic and Ray at @HorusHughes. Jonathan is also on Instagram at @maddopemadic, and he makes the music for the podcast — hear more at madic.art.

If you want to help build FanSociety, reach out to Miles on Telegram at @MilesAwayNoww.

Check out Cointelegraph at cointelegraph.com.

If you like what you heard, rate us and leave a review!

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.

Chapters

• 0:00 Introduction to The Agenda podcast and this week’s episode
• 2:04 What is FanSociety?
• 2:53 Why not price the tokens higher and make them more rare?
• 5:56 How artists can use FanSociety for music fundraising
• 8:18 Why did you start FanSociety?
• 15:21 Will FanSociety compete against other blockchain music projects?
• 17:10 The problem with record labels
• 19:43 The importance of decentralization
• 21:34 How will artists use FanSociety?
• 24:59 Why are memecoins hotter than music NFTs?
• 31:06 The tokenomics of FanSociety and Fan Pins
• 36:58 When will FanSociety launch