A next-generation music streaming platform which uses blockchain technology to reward artists "more fairly" is now available to the public.
Created by artists, music and tech industry professionals, Choon has launched its beta platform with 1,000 tracks from 500 acts, with several thousand more on a waiting list.
Tailored to independent artists not signed up to music legacy sysems, the platform pays acts for their streams in its own cryptocurrency, NOTES, on a daily basis.
Choon's co-founder, DJ and producer Gareth Emery, said: “Thanks to advancements in technology, we’re now living in a digital era which allows us to completely re-design an entire new music industry from the ground up – one that is fit for purpose in the modern world. The legacy systems we currently work with are completely antiquated and have no place in modern society.
“The massive demand we have seen for the Choon platform has shown how many artists are looking for an alternative path. What’s more, the quality of songs we have on the platform already is incredibly high. We’re working flat out to bring as many new independent artists onto the platform as possible and grow it from there."
Artists can upload their music, share it with others and be paid the streaming revenue from Choon’s “Streaming for Mining” model.
“Artists deserve to be fairly paid for their music, and thanks to the disruptive power of blockchain technology, we finally have a solution to enable this to happen," said Emery. "We’re incredibly excited to help the next generation of independent artists get noticed, properly reward them for their work, and provide the boost they need to enter music full-time."