RATE Group | Tune.fm Starts Hedera Crypto Payments For Music
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Tune.fm Starts Hedera Crypto Payments For Music

08 Nov Tune.fm Starts Hedera Crypto Payments For Music

Posted at 05:13h in Cryptocurrency News by

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Tune.fm has become the first music streaming platform with an integrated cryptocurrency to run on Hedera Hashgraph‘s public distributed ledger technology (DLT).

Musicians have often struggled to get paid what they are owed for their work. This system will use a Hedera-based crypto token called Jam that enables fast micropayments for every second of music streamed between fans and artists. Tune.fm allows its listeners to use Jam to pay for songs from Music World Entertainment’s (MWE) music catalog, which was founded by Mathew Knowles, father of Beyonce Knowles. He also is a Tune.fm advisory board member.

“I see cryptocurrency and streaming paired together as the wave of the future,” said Mathew Knowles in a press release. “Tune.fm has put together an incredible platform with a unique user experience, and Music World Entertainment Corp. is excited to share its content on the Tune.fm platform.”

“The existing industry business model…

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