Yes3 Network Podcast producer and host Brandi Veil spoke with Tune.fm CEO and Founder Andrew Antar. They were in Miami for the Bitcoin Mining Disrupt Conference, on setting new standards for the music industry through web3 music platform and space music advocacy.
Andrew has been passionate about music and the arts his entire life, starting violin lessons at 4 years old. As he grew older, Antar felt there was more to his passion than just music.
Antar often sensed something fundamentally wrong with the music industry. On The Coin Republic via the Yes3 Network and Podcast, Antar shares his story. The story is about empowering artists and how his partnership with Space Blue is setting new industry standards.
Tune.FM Empowering Artists
“It’s a predatory industry,” said Antar, referring to the traditional music industry. He noted that the industry was exploiting artists and that they were not getting their fair share.
“I always felt that there was something wrong about the economics of the music industry and realized that it was fundamentally a technology problem, which can be solved.”
Tune.fm was created to offer musical artists an alternative to traditional streaming and distribution giants. “We want to put the power back into the hands of the artists.”
This platform is intended to serve as a brand new economic model leveraging the power of web3 and tokenization.
Tune.FM Pays Artists 100 Times More than Spotify
Antar said, “We are basically a web3 music streaming platform that pays artists 100 times more than Spotify.” Spotify is one of the world’s biggest music platforms. Spotify’s revenue model is based on subscriptions and advertisements.
On Tune.fm, artists get paid every time their music is played, literally. Tune.fm’s JAM token is publicly traded on 20 exchanges worldwide and is becoming the currency of music according to Antar.
“Artists are paid a rate of 1 penny per minute on our platform. So for a typical 4 minute song would be 4 cents.”
This is likely to be widely welcomed by artists across the world. Check this out: that’s $10,000 for 250,000 streams. Artists can also monetize their creativity in ways not available elsewhere.
“We have also built a marketplace for monetizing superfan experiences, like backstage passes, VIP packages, meet-and-greets, and many other types of physical and digital experiences,”
Antar said.
Antar says, It’s Only on Tune and the Moon
In partnership with Space Blue, Tune.fm has obtained the opportunity to exclusively make available the records of musical geniuses and legendary artists including Jimmy Hendrix, Marvin Gaye, Bob Marley to name some. Summer of Love Volumes I and II featuring a rare compilation of 26 songs debuts exclusively on Tune.fm later this month.
Space Blue launched a space capsule containing never-heard-before tracks of music superstars via a SpaceX rocket for which Tune.fm has exclusive streaming rights.
With Tune.fm featured in Rolling Stone and on NASDAQ TV, Antar said that it was good to see that “it’s nice that we are getting a lot more eyeballs.”
Antar said that the interface of the platform is such that artists can simply upload their music and get going within minutes. The platform has been built to cater to non-crypto users and natives alike. It also offers subscribers 1000 free JAM tokens just for signing up to stream music. Fans can also get paid for streaming sponsored music as well.
Tune.fm vs Alternatives
“Spotify is not really a marketplace, it’s a one-sided consumer facing platform. They have deals with the big three labels and the rights holders. They don’t really deal directly with artists” Antar said, explaining the difference between Spotify and Tune.fm.
Andrew Antar’s journey from a young musician to the founder and CEO of Tune.fm shows the potential of innovation in the music industry.
Tune.fm offers a new economic model for artists and redefines how music is discovered, played, valued and monetized. With partnerships like Space Blue, Tune.fm is setting new standards in the industry. Learn more at Tune.fm.
