CDS Press Release The Broken Music Industry: How Stage is Forging a New Era [RAW]
Press Release

The Broken Music Industry: How Stage is Forging a New Era [RAW]

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The Broken Music Industry: How Stage is Forging a New Era [RAW]

Stage is Forging a New Era: Exploring Cutting-Edge Solutions for Music Industry Transformation

The music industry, despite its glamour and allure, has long been plagued by systemic issues that stifle creativity and limit opportunities for both artists and fans. Stage, a revolutionary platform set to launch its $STAGE crypto token on June 24th, 2024, is poised to address these challenges head-on, creating a more equitable and engaging ecosystem for all stakeholders.

The Current State of the Music Industry

The Current State of the Music Industry
The Broken Music Industry: How Stage is Forging a New Era [RAW] 1

The traditional music industry is dominated by a few major players who control the narrative and the revenue. Most artists struggle to gain recognition and fair compensation due to the industry’s cut-throat nature and archaic structures. Here are some key issues:

  • Unfair Contracts: Many artists sign contracts that heavily favor record labels, leaving them with meager royalties and little control over their work.
  • Limited Revenue Streams: Streaming platforms like Spotify, while providing exposure, often result in minimal earnings for the vast majority of artists. In fact, 99.5% of Spotify artists earn less than $10,000 annually.
  • Lack of Fan Engagement: Traditional talent shows and streaming platforms fail to leverage the collective power of fans, who remain passive spectators rather than active participants.

The Stage Solution

The Stage Solution
The Broken Music Industry: How Stage is Forging a New Era [RAW] 2

Stage aims to disrupt this broken system by introducing a platform where artists and fans can interact directly and benefit mutually. Here’s how Stage addresses the industry’s challenges:

  1. Empowering Artists: Stage allows artists to upload their video performances and compete in round-based competitions. They receive 60% of the proceeds from fan votes and 10% royalties on Real World Asset (RWA) Badges, providing a sustainable income stream.
  2. Engaging Fans: Fans are no longer passive spectators. By paying to vote, they earn RWAs packed with exclusive prizes and experiences, such as private meet-and-greets, backstage passes, and VIP events.
  3. Leveraging Technology: Stage integrates blockchain technology to ensure transparency and fairness. Every vote is securely recorded, and artists receive direct compensation for their work.

The Role of AI in Music

Stage is not just about human talent; it also embraces AI music competitions, allowing for the creation and tokenization of AI-generated music samples, melodies, beats, and vocals. This innovation opens new avenues for creativity and engagement.

Support from the Community

Stage has already garnered significant support, with over 200+ artists and 43,000+ users on its iOS app even before the official launch. Backed by top venture capital firms and KOLs, Stage is well-positioned to make a significant impact in the music industry.

A Vision for the Future

Stage’s mission extends beyond music. The platform aims to become the ultimate SocialFi hub, nurturing talents across various fields such as acting, comedy, dance, and more. By democratizing talent discovery and leveraging fan-driven engagement, Stage is set to revolutionize the entertainment industry as a whole.

Join the Revolution

As Stage prepares for its token launch on June 24th, 2024, the excitement is palpable. This is not just an opportunity to invest in a cryptocurrency but to be part of a movement that will reshape the music industry.

Stay Informed and Get Involved:

The future of music is here, and it’s on Stage. Be part of the change. 🚀🎵

The Broken Music Industry: How Stage is Forging a New Era [RAW]
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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