On January 9th 2001 iTunes was introduced to the world and changed the music industry forever. With the introduction of VibraVid we could be on the cusp of a new way for users to interact with the music industry. Instead of a record label taking 60%-80% of the royalties on a song or video, an artist can upload their content directly to the VibraVid platform and earn a larger percentage. Having a background of 15 years in the music industry as well as numerous connections within the industry I fully understand the benefits of owning and collecting a larger share of your royalties.

With Cryptocurrency, this changes, no more having to wait 7-10 days for a paper check to hit your mailbox or having to wait for a label to do their quarterly earnings paperwork before you're paid. With Crypto, you have the ability to receive your earnings instantly upon stream or purchase using smart contracts. The mechanicals within the smart contract could distribute to the hosting platform, artist, producers, etc. potentially breaking down 6-10 different ways within 1 smart contract. If a song is purchased for 1 BEATZCOIN, that BEATZCOIN becomes divisible, here is a breakdown of how I have an understanding.

John Doe - Crypto Life (Single) - Purchase Price 1 BTZC

From a consumer perspective, they pay 1 BTZC for the song and it is then added to their music library. That's it...

From an artists standpoint, the smart contract would make that 1 BTZC divisible between royalty holders and the hosting platform.

(If VibraVid takes 5% of this fee for hosting the song, that leaves 95% to be distributed between John Doe & His Producer.)

This eliminates the need for independent artists to use services like TuneCore that charge a setup fee of $9.99 for a single or $29.99 to host an album for sale. Aside from the platforms they distribute to which also take their own percentage of sales and streams such as Apple Music, Spotify, Google Play Music etc.

Vibravid also has a partnership with the new Facebook competitor, Blockchain Social Media Site Friendster.io. This partnership will include VibraVid being fully integrated into the Friendster platform. Friendster will feature Artists & Videos who are highlighted within the VibraVid platform. Stay tuned for future updates about this partnership as things unfold.

VibraVid has also added Bizarre from D12 as an advisor, positioning themselves to become THE MUSIC & VIDEO PLATFORM for the next generation of music using blockchain technology.