THELOGICALINDIAN - The TAO Network a blockchainbased DAO belvedere for musicians has partnered with Boogie Shack Music Group to accompany acute arrangement solutions to artistsin the music industry
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TAO Network Wants to Break ‘Century Old Corporate Monopoly’
The TAO arrangement told columnist that this accord will aftereffect in “an artisan focused blockchain band-aid for the music industry, with Boogie Shack Music Group as the aboriginal adopter.”
Boogie Shack CEO Hakim Draper — a above controlling at Warner Music — fatigued the accent of amalgam the latest technology into the music industry. “We’re developing artists and architecture careers abiding in adroitness and new and approaching technologies like the Tao arrangement [sic],” he said.
The TAO activity is appreciative of the accession it has gotten from industry leaders, citation a video from adept ambassador Joe Solo, in which he acclaimed the action for its abeyant to accompany addition to the music industry.
The army auction for TAO, the tokens powering the project, is currently accessible to the public. The auction will aftermost until August 28, 2024.
The TAO Network activity began beforehand in 2016 with the aim of bringing the latest in banking technology to the music industry. Looking to decentralize agreeable distribution, activity leaders absitively to body “a broadcast free alignment (DAO) to the administration and aliment of a blockchain for the music industry becomes [sic] a accessible account in the accessible trust,” as declared in the “Executive Summary” of the project’s “Tao of Music.”
By bringing the blockchain to the music industry, developers say they are “breaking the aeon old accumulated cartel on agreeable distribution.”
There are currently 30 actor TAO tokens in existence, and a absolute of $50,634.12 USD has been aloft in the crowdsale as of columnist time.
“This is an befalling to body technology anon for and with the music industry and associates of the artists’ community,” said Bryce Weiner, a adumbrative of the project. “I’m accustomed to be allotment of such a celebrated project.”
What do you anticipate about this partnership? Let us apperceive in the comments below!
Images address of the TAO Network.
