A blockchain-ready music distributor? But of course: it’s 2018 after all. The platform in question will be called Muso when it launches by early 2019, and it’s the work of a startup based in Malaysia called Thenexus.
“Low costs and no annual fees for bands, artists and producers. Over 300+ stores. Worldwide digital music distribution,” pitches its website. “Blockchain ready. Direct-to-fan music downloads. Track your progress and withdraw funds using our Mobile Wallet app available exclusively and free for all users.”
And so on. The company’s profile on investment site AngelList adds more on the D2C and blockchain aspects.
“Creators can also utilise our very extensive optional services to ready their music for distribution, promotion tools and have a page for each of them to engage with their fans, receive donations in the form of tokens, sell their music in digital and physical formats as well as sell their merchandise directly from our platform,” it suggests.
“Our users will also have access to an E-Wallet app to track their royalty earnings, see reports of their music traction and authorise payments to their connected bank and PayPal accounts or convert to tokens to pay for services within our community and platform.”
This is the kind of thing you’d usually expect a token-sale to be funding, but for now, Muso is taking donations via PayPal ahead of a soft-launch in the coming months.