Viberate, a blockchain platform, aims to change the live music industry by connecting artists, fans, and venues globally.
Viberate's Database and Its Significance
Viberate focuses on enhancing the global music industry by facilitating interactions between artists, fans, venues, and booking agents. The platform features a comprehensive database with over 460,000 artists.
Co-founder Vasja Veber described Viberate's model as 'Airbnb for music', aimed at reshaping booking services.
Ticket Transparency and Fan Engagement
Viberate's initiative could incentivize fan engagement by allowing them to stake VIB tokens. This move aims to enhance transparency in ticketing processes, potentially changing industry norms. Insights suggest that Viberate might lead to a shift in artist and fan interactions through blockchain.
Smart Contracts and Their Impact on Music
Blockchain's influence on sectors like music is reminiscent of similar technological disruptions in fintech. Kanalcoin experts argue that Viberate's use of smart contracts could yield significant changes. Historical successes in blockchain adoption support these claims, providing optimism for scalable solutions in live music.
Viberate represents a significant step in the evolution of the live music industry, facilitating more transparent and secure interactions among participants.
