RATE Group | Ripple Exec’s Payment Platform, xSongs Gives 100% of Revenue to Artists
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Ripple Exec’s Payment Platform, xSongs Gives 100% of Revenue to Artists

03 Jan Ripple Exec’s Payment Platform, xSongs Gives 100% of Revenue to Artists

Posted at 01:35h in Cryptocurrency News by

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xSongs Craig DeWitt

Photo Credit: YouTube

Ripple Director of Product, Craig DeWitt, is working on a new music-selling platform called xSongs. The platform will require artists to sell their music using the XRP cryptocurrency.

DeWitt is ‘personally funding’ the project and says he’s not interested in monetizing. The personal project has been DeWitt’s focus for a few months now, and he believes it will help change the way digital content creators are paid.

The blockchain-based platform called xSongs distributes music to buyers. Artists can upload music to the platform, where it is checked for copyright.

The platform is currently in beta, which means XRP owners can purchase music. Artists set their own prices for their music, resulting in drastically different rates. The average song on xSongs seems to cost about 4 XRP or $0.78 at the time of writing.

Of course, this isn’t the first blockchain-based model with grandiose ambitions (and, for that matter, lackluster results). As for the catch: artists…

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