Today's music industry greatly undervalues the value contributed by talented musicians. Popular streaming platforms pay a meager $0.003 per stream of which the artist only gets 10-15% in a typical record deal. Out of the 8 million artists on Spotify, only 7,800 earn a living wage from streaming. Fortunately, the emergence of NFTs and blockchain technology has allowed for a new model in the music industry that properly rewards creators for their work - and Arpeggi is at the forefront. Arpeggi is on a mission to (1) empower musicians to capture 100% value of the work they create through easy creation tools for fully on-chain music NFTs, and (2) build a new production ecosystem that uses blockchain technology to boost collaboration and solve industry issues of royalty flows and copyright disputes. Arpeggi is undergoing rapid growth and we could use your help defining the future of music and pushing the limits of what is possible with blockchain technology.
