Music Industry News Network [01-13-2018]
Say Hello To Volareo: A Streaming Speaker That Pays Musicians When You Clap
The Musicoin Project and ROCKI announce the development of Volareo, the world's first "smart" speaker powered by blockchain technology. Volareo allows users to listen to a lifetime of free music while providing instant compensation to musicians.
Harnessing the Musicoin blockchain, the Volareo smart speaker honors creativity with royalties that make today's popular streaming services seem downright stingy (Musicoin currently issues $.10 USD per play at the time of this writing.) Volareo allows music fans to further engage their favorite artists by tipping various amounts of Musicoin simply by clapping their hands or pressing a button on a mobile app. Musicoin's online platform is live at musicoin.org, with over 2,500 artists already signed up.
Nick Yap, founder of ROCKI, says: "Blockchain technology offers levels of engagement from fans and compensation to the artists that were unimaginable years ago. Powered by Musicoin, we designed Volareo to work seamlessly with this new movement."
Right out the box, Volareo will be ready to tip musicians. Each device is assigned a unique wallet address pre-loaded with $10 worth of Musicoin. ROCKI and Musicoin aim to deliver Volareo by the end of 2018, and will invite musicians to co-brand the product and share with their fans.
Isaac Mao, creator of Musicoin, says: "With Volareo, you don't just listen to and discover new music - you reward your favorite artists instantly. By partnering with ROCKI, we have created a device that gives music lovers the ability to kick off a revolution right from their living room. This has been a dream of mine for years."
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