Over the past couple decades, music has evolved as rapidly as technology itself, opening the gateway to a new world that musicians must navigate in order to sink or swim, often (and unfortunately) regardless of the outstanding quality of their art.
In this world, widely adopted platforms like Spotify have become the dominating force, offering artists a way to reach global audiences but often at the expense of fair compensation. With current streaming royalties averaging between $0.003 to $0.005 per stream, many musicians find themselves struggling to earn a living even despite millions of plays. Influenced by factors like the low-cost capabilities of AI production tools, the addition of audiobooks to its Premium membership tier and a corporate “bottom line” mentality that inherently undervalues artists, Spotify continues to devalue the artist’s share as 2024 marches on.
LEARN MORE:
“Is True Art Dead in the Era of Algorithms and AI | Opinion” – Newsweek, July 2024
Many artists have simply had enough of Spotify. They know that when their heart and soul are poured into something that can inspire countless listeners, that inspiration should be valued accordingly.
Gala Music is pioneering a new era for artists, leveraging blockchain technology and the scalable power of GalChain. But why stop at enhanced artist earnings when you can also empower them to connect more deeply with their fans and jumpstart their careers?
Gala Music clocks in at around $0.01 per stream for artists, more than double what the same artist would receive from the most popular platform in the world.
From well-known published artists looking for a refresh to the numerous independent and emerging artists that fill the platform with life, diversity and individuality, Gala Music is a game changer.
Unlocking $MUSIC Rewards
At the heart of Gala Music’s ecosystem is the $MUSIC token, a utility token that transforms the way artists are rewarded for their work. Unlike traditional platforms, Gala Music ensures that artists are directly compensated in $MUSIC tokens every time their tracks are streamed. The rewards are further amplified when an artist’s NFT track is paired with a Jukebox Node and hosted on Gala Music’s Decentralized Physical Infrastructure Network (DePIN). Once this hosting is activated for a limited NFT track, the track’s owner and the powering Jukebox Node operator are also able to receive regular $MUSIC rewards based on that track’s success.
The community-powered approach to music streaming made possible by web3 creates several distinct ways to participate in the music economy of the future. As a listener, you can discover the latest music and listen for free to directly benefit artists, collectors and the operators who power the network. As a track collector, you can speculate and play a part in the discovery of new artists, then share in their success with tangible rewards. As a Jukebox Node operator, you can provide computing power to the network, hosting multiple tracks and sharing in all their daily rewards.
Artists sit at the forefront of this entire system, benefiting directly from all the incentivized actions that make Gala Music such a revolutionary streaming platform.
Artists, track owners and Jukebox Node operators all share in the distribution of $MUSIC rewards. The most significant beneficiary, however, is the artist. By hosting their music on Gala Music, artists gain access to multiple revenue streams that go beyond simple streaming royalties, including NFT sales, All Access Experience sales, direct tipping and Mystery Box sales.
Case Studies: The Numbers Speak for Themselves
The benefits of Gala Music’s model are already evident in the earnings of artists who have embraced the platform. Here are some real-world examples of how artists are thriving on Gala Music compared to traditional platforms like Spotify.
Anonymous Artist #1
- Gross NFT Sales: $126,500
- Streams: 232,000
- Gala Music Streaming Income: $3,386
- Equivalent Spotify Streaming Payout: $696
- Total Earnings (excluding All Access and Tipping): $129,886
- Highlight: One track alone made $14,000 in NFT sales.
Anonymous Artist #2
- Gross NFT Sales: $310,000
- Streams: 622,000
- Gala Music Streaming Income: $6,791
- Equivalent Spotify Streaming Payout: $1,866
- Total Earnings (excluding All Access and Tipping): $316,791
- Highlight: Two tracks generated $45,000 each in NFT sales.
Anonymous Artist #3
- Gross NFT Sales: $48,000
- Streams: 25,000
- Gala Music Streaming Income: $1,091
- Equivalent Spotify Streaming Payout: $75
- Total Earnings (excluding All Access and Tipping): $49,091
- Highlight: Each track averaged over $16,700 in NFT sales.
These figures illustrate a stark contrast between the earnings potential on Gala Music versus traditional streaming platforms. While Spotify’s payouts are minimal, Gala Music’s model enables artists to monetize their work significantly better, particularly through NFT sales and decentralized streaming.
Imagine what happens to these already impressive numbers once more people discover the benefit of decentralized music streaming.
Listeners Leaving Spotify
Spotify is already disappointing listeners on multiple levels, leading to what many previous Spotify users would call a mass exodus.
“Why I Finally Quit Spotify” – The New Yorker, July 31, 2024
“On Quitting Spotify” by Izzy Ampil, Joinreboot.org, October 2023
Building Beyond the Stream
Gala Music not only enhances artist earnings but also deepens the connection between artists and their fans. Through offerings like the All Access Experience, artists can sell exclusive experiences, merchandise, and collectibles directly to their fans. Whether it’s a virtual studio session or a limited-edition autographed collectible, these experiences are unique to Gala Music and offer fans unprecedented access to their favorite artists.
A Revolution in Music Distribution
Gala Music is more than just a streaming platform. By utilizing blockchain technology and the $MUSIC token, Gala Music empowers artists to earn what they deserve and engage with their fans in meaningful ways. While the platform is still in its early stages, the success stories of artists already on board are a testament to its potential. As the platform grows and more listeners discover the benefits of web3 music, the future looks bright for artists who choose to join Gala Music.
For artists looking to break free from the constraints of traditional platforms, Gala Music offers a path to not only greater financial rewards but also creative freedom and deeper fan connections. The era of artist empowerment is here, and Gala Music is leading the way.
