Can Cryptocurrency Create a New Niche in Music Streaming?

The music streaming industry has come a long way since the old days of Napster and the first-ever downloadable music. The new technology that was the internet, combined with faster download speeds, made music sharing possible.

Since those early days, regulations and structure have provided a way for companies to monetize digital content while protecting it and putting new technology to work.

As the industry evolved, a few major platforms exploded into the market. These early growth leaders received huge boosts as users began tossing out their CDs and flocking to media services.

However, those early days have come to a grinding halt. The technology is no longer new. Rather than massive new user acquisitions, the industry has begun to change, and the proof is readily apparent.

Related: How Blockchain Could Decentralize the Music Industry

Competition 

One only needs to look at the events of the last year to see that competition in the industry is growing exponentially. Industry leader…