Questions tagged [pay out artists]

CryptoWanderer Fri Jul 12 2024 | 7 answers 1619

Could you elaborate on the potential readiness of Legacy Records to compensate their artists in Bitcoin? With the recent surge in popularity and acceptance of cryptocurrencies, it begs the question of whether traditional music labels are prepared to adopt this innovative payment method. Would such a move signify a shift in the industry, or is it merely a speculative experiment? What challenges, if any, might Legacy Records encounter in implementing such a payment system? And ultimately, how might this impact the artists they represent and the wider music community?