While we take a break from trying to find new words to describe the 368th startup promising to revolutionise ticket sales with the blockchain, here’s another spin on using the technology for musical purposes.
Maple Media, based in Sunnyvale, California, is preparing to launch a platform to stream live DJ sets. It promises that DJs will “have the freedom to broadcast live streams from anywhere to connect with their fans and monetise through an untapped revenue source that grows their following and builds anticipation for their upcoming in-person shows”.
It sounds a lot like startup Chew, which was acquired by music-creation firm BandLab in September 2017. Maple Media’s twist? Enter the blockchain, stage right.
According to a roadmap on its website, it will develop a minimum viable product and raise seed funding in the third quarter of this year; have an alpha release before Christmas; and then go for a VC funding round and utility token offering early in 2019. A full launch is targeted for Q2 2019, with a ‘peer-to-peer blockchain client’ slated for later that year.
The website (and some of its marketing copy) is still a work in progress, but a link to business-crowdfunding site Fundable hints that this will be the platform where Maple Media hopes to raise its seed funding.