Bitcoin-inspired artist cryptograffiti has announced the launch of an open-source project aimed at facilitating bitcoin revenue streams for DJs and music producers with an accompanying public demonstration including a live DJ set performed at the US Mint in San Francisco.
“The event titled ‘Strikes Twice’ was named after the new plugin’s ability to automatically split micropayments into separate addresses,” said an announcement shared with Bitcoin Magazine“When live stream viewers enjoy one of the tracks playing during the event, they can send bitcoin tips to a static QR code that breaks down the payment based on the track currently playing by a fixed percentage. that goes to both the DJ and the DJ. the producer of the track. “
Cryptograffiti, who is both a DJ and visual artist, was motivated to launch the project after seeing an increase in copyright removals on live streams during the COVID-19 pandemic. The project also has a non-replaceable token (NFT) component, with visuals presented during the demonstration and released as NFTs in an upcoming Bitcoin sidechain market.
“People are targeting banks, but enabling new revenue streams through Bitcoin will rebalance power in all types of industries,” said crypto graffiti. Bitcoin Magazine“The digital economy is broken for musicians watching the pockets of third-party platforms while having to take into account arbitrary rules enforced by bots. We need to look at different models that better support artists. “