Cryptographers of Bitcoin-inspired artists have announced the launch of an open-source project designed to facilitate bitcoin revenue streams for DJs and music producers, with an accompanying public demonstration, including a live DJ set, held at the US Currency in San Francisco.
“The ‘Double Strikes’ event is named after the new plugin’s ability to automatically split micropayments into separate addresses,” according to an ad distributed with Bitcoin Magazine. “If live stream viewers enjoy one of the tracks played during the event, they can send bitcoin tips to a static QR code that splits the payment based on the track played at that time, with a fixed percentage going to both the DJ and DJ. the manufacturer of the part. ”
Cryptograffiti, which is a DJ as well as a visual artist, was motivated to launch the project after seeing an increase in live streaming copyright removal during the COVID-19 pandemic. The project also has a non-fungible token (NFT) component, with images presented during the demonstration that will be launched on a future Bitcoin side market in the form of NFT.
“People are focusing on banks, but allowing Bitcoin to generate new revenue streams will rebalance power in all sorts of industries,” the cryptographer said. Bitcoin Magazine. “The digital economy is disrupted for musicians covering the pockets of third-party platforms, while having to take into account the arbitrary rules applied by robots. We need to look at different models that better support artists. ”