Viberate has announced the launch of decentralized operations, offering daily rewards in VIB tokens aimed at transforming the live music industry through blockchain.
Decentralized Operations by Viberate
Viberate has introduced decentralized operations, offering daily rewards in VIB tokens to contributors. This initiative aims to transform the live music industry by leveraging blockchain technology. The rollout involves Matej Gregorcic and Vasja Veber, who focus on improving industry transparency while empowering artists through technology. Matej Gregorcic, CEO of Viberate, stated: "Our mission is to map and transform the live music industry through blockchain transparency and artist empowerment."
Music Community Embraces VIB Token
Viberate's decentralized approach is drawing attention from the music community. Its focus on rewarding contributors with VIB tokens suggests potential growth in user engagement. Financial outcomes include a daily distribution of 5,000 VIB tokens worth $1.2 million over 2,000 days, underscoring the potential for increasing blockchain adoption in the music sector.
Blockchain Integration in Music Since 2017
In 2017, the Viberate ICO paved the way for blockchain-powered music transparency. Their new strategy formalizes reward systems, continuing the pattern of blockchain integration in music. Similar approaches by platforms like Soundcoin and Musicoin indicate that decentralized reward systems can significantly impact artist compensation and fan engagement.
Thus, Viberate's initiatives in the area of decentralized operations and VIB token rewards demonstrate the potential of blockchain to transform the music industry by providing greater transparency and opportunities for artists.
