We are pleased to announce our next partner in the Merged Folding platform, and thats Block Label! Block Label is a project for artists from anywhere in the world to easily get their music on digital platforms and services (e.g., Spotify, iTunes/Apple Music, Tidal). Using blockchain technology, Block Label distributes its profit to artists by the amount of tracks they’ve contributed. In other words, artists own a share of total profits generated by Block Label.
Block Label utilizes the blockchain to give artists ownership of profits by using the Counterparty protocol. Artists receive a “Block Label Token” (a token that represents a share of profits) for each track they upload/add to the catalogue. This token works as a tool for the artist to receive their payment over the Bitcoin network. Fans who have “Fan Tokens” will also receive a share of profits.
For more information please visit the Block Label FAQ page. The FANTOKEN page will be setup on Thursday for my next full day of FLDC work, so look for it then. Here is the distribution schedule for FANTOKEN:
- Counterparty Token : FANTOKEN
- FANTOKENs distributed per day: 100
- Start Date: November 1st
- End Date: TBD
Thanks and as always you can email me firstname.lastname@example.org with any questions or concerns.