AudioCoin, Musicoin, Opus, Aventus, Musiconomi and more… Music Ally has written about a variety of startups exploring the crossover between blockchain technology and the music industry, with several of these companies having launched their own ‘tokens’.
Now there’s a site for keeping track of AND trading those tokens. It’s called (sensibly enough) MyMusicTokens, and is billing itself as “a digital asset wallet and exchange focusing specifically on the music industry”. Currently it’s tracking 38 blockchain-related music projects, including 13 music tokens – besides those named above, Voise, Viberate, Soniq, CyberFM, Bitradio, SingularDTV, GetProtocol and SounDAC are the others in the latter list. Those 13 music tokens currently have a collective market cap of $22.2m, by the way.
MyMusicTokens has more ambitions of its own, too. “We will also provide a way for fans and artists to directly engage with each other, where fans can earn tokens for supporting their favourite artists, by completing tasks, promoting, bounties, etc,” claims its profile on investment site AngelList, where former Sony Music and RecordGram exec Erik Mendelson is listed as an advisor.
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