Vezt is one of the blockchain-music startups that Music Ally is keeping tabs on in 2018. Its pitch to fans is ‘share ownership in your favourite songs’, with artists able to sell portions of their rights to fans and investors through – snappy buzzphrase alert – ‘initial song offerings’.
It’s yet to launch fully. However, Vezt has taken a step that may increase its credibility within the music industry by appointing and announcing an advisory board, including some familiar names.
Among its advisors are Marc Geiger, head of music at William Morris/Endeavor Agency; former Ascap and Songs Music Publishing exec Tom DeSavia; The Offspring’s manager Jim Guerinot; Will I Am and the Black Eyed Peas’ manager Polo Molina; ICM Partners’ head of music Jon Pleeter; and an attorney (Peter Paterno) who’s worked for the likes of Dr Dre and Metallica.
“We are currently in talks with numerous artists, labels, and publishers and will be announcing these partnerships very soon as we move to launching the platform,” claimed CEO Steve Stewart.