Sensorium Galaxy, a not-yet-released virtual reality platform, has signed famous French DJ David Guetta. The platform hosts its own ERC-20 token, known as SENSO. "In a similar fashion to in-game currencies like Fortnite’s V-Bucks, SENSO is used for all value transactions within the Sensorium Galaxy," Sensorium Corporation's deputy CEO of IR, blockchain and technology, Alex Blagirev, told Cointelegraph. "While that is the first blockchain application in our alternate universe, we’re working on other applications of the distributed ledger technology," Blagirev noted. "One application we’re currently exploring is related to how users will save their profiles on the platform. Unlike with …

Russian pop singer Oleg Kenzov has completed the first digital rights transfer of a song he wrote using a blockchain platform backed by the government. According to VC.ru, the studio Soyuz reached a licensing agreement deal with music service FONMIX to distribute Kenzov’s song “Po Kaifu” to stores, restaurants, and gyms who wish to use it for marketing purposes. The historic blockchain rights transfer was held in the presence of top music industry players from major record companies and labels such as Warner Music Russia, Sony Music, Universal Music, Zhara Music label, among others. Music companies expect the technology to …

Responding to a tweet from Cameron Winklevoss, co-founder of the Gemini crypto exchange, rock star Gene Simmons said he plans to make Bitcoin (BTC) and Ethereum (ETH) more easily accessible. "It's easier to buy Bitcoin and Ether if you are already in the old system," Winklevoss said in a Sept. 15 tweet, summing up a rather long thread addressing racial bias, crypto and decentralized finance. "If you don't have a bank account, it's hard to get funds into crypto," he noted, adding: "We need to change this." Retweeting the post with a comment on Sept. 15, Simmons, the headline vocalist …

Cointelegraph's head of news, Dylan Love, is hosting three guests for a livestream on our YouTube channel about blockchain technology’s impact on the music industry. The event starts right now: check it out above, or head over to our YouTube page to watch it live. It’s increasingly difficult for musical artists to navigate promotion, distribution and getting paid after they record their music, but each of the guests on today’s show run blockchain companies that stand to change a little bit of everything for working musicians today. We are pleased to welcome: Daniel Dewar, the founder and CEO of Paperchain, …

Tommy Leas, professionally known as DJ PLS&TY in the electronic dance music industry, has launched the vinyl record of his “Very Special” EP record on the Ethereum-based art and culture exchange platform, Foundation. Foundation allows artists to sell limited-edition art, and it prices their work based on the demand it creates over time. The EP was originally released in April and the artist is now targeting crypto and blockchain enthusiasts, with a starting price of $50. With each record sold, the price of the vinyl is expected to increase due to rising demand. According to an Aug. 26 announcement, the …

What are you doing Friday afternoon? Cointelegraph is hosting the latest edition of its Cointelegraph Talks series this Friday, August 28, at 3 PM Eastern / 12 PM Pacific on our YouTube channel. We’ll have three entrepreneurs active at the intersection of music and crypto joining us to discuss blockchain’s implications for the music business. Daniel Dewar is founder of media fintech company Paperchain. Jesse Grushack is co-founder of Ujo Music, an Ethereum-based platform for connecting artists with their fans. And Roneil Rumburg co-founded Audius as an artist-centric music streaming platform. All three will be on hand to present their …

A survey conducted by pioneering digital music store eMusic revealed that most of their service’s users were open to paying with crypto if it allowed artists to earn more. The survey — shared exclusively with Cointelegraph — revealed that 65% of eMusic customers would use cryptocurrency if it was for the aforementioned reasons. It is worth noting that a mere 8% of the respondents had used Bitcoin (BTC) or any other crypto in the past. Per the announcement, 800 eMusic users answered questions about cryptocurrencies and their use in the music industry. Survey data revealed that 40% of music listeners …

Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain technology has been widely recognized, even among the harshest critics of Bitcoin (BTC) itself, the possible use cases for blockchain technology are often thought of as limited only to the financial industry. While the distributed ledger system created alongside Bitcoin has a powerful use case in the realm of currency and assets, in which value can now be digitally transferred without any middlemen or risk of duplication because …

Luxembourg-based startup ANote Music will launch a blockchain-based platform that allows its users to invest in music royalties on July 28. In an announcement on June 4, CEO and co-founder at ANote Music Marzio Schena said that the platform aims to “bridge the gap between the music industry and capital markets.” The platform reportedly helps artists, record labels, publishers, and songwriters become financially independent by allowing them to access funding through royalty sales. After investing, users receive a share of rights and can trade them with others on the platform at prices determined by supply and demand. Schena explained: “Our …

Joseph Kahn, a music video director who has worked for the world’s leading pop stars for over two decades, has announced that trading crypto assets is his new favorite hobby. After claiming to have spent the past month trading cryptocurrency, Kahn purports a profit of roughly $450 On June 1, Kahn took to Twitter announcing that he has spent the last month trading crypto assets. A screenshot shows Kahn’s portfolio to be valued at $7,949, with the hobbyist trader claiming to have gained 6% since investing $7,500 one month ago. Kahn claims to have mostly “cashed out” at present, with …

Pioneering digital music store eMusic has launched its eMU token to help musicians earn more royalties. According to an announcement published by eMusic on May 26, the firm launched its token with the aim of creating a sustainable music ecosystem. The eMU crypto asset is a payment method designed to allow artists on the platform to keep more of the royalties they earn. The firm’s president Tamir Koch said streaming had not worked out well for artists: “Streaming has dramatically increased revenues and adoption, but the model has proven itself to be fundamentally flawed. [...] Hard-up artists receive a fraction …

Scottish Coldplay bass artist, Guy Berryman, has joined the crypto space, funding a Bitcoin (BTC) exchange application called Zumo. “Covid-19 has fast forwarded the move to a cashless society and for safe and easy ways to invest in new forms of currency that are more resilient to crises such as this one," Zumo CEO and founder Nick Jones told the Edinburgh News. The app is a basic avenue into Bitcoin Zumo touts basic Bitcoin functionalities, allowing users to buy, sell, transact and store BTC, the May 21 Edinburgh News article detailed. In addition to Berryman, the app boasts funding from …