Money Man took his $1M Empire Records advance entirely in Bitcoin
Increasingly Bitcoin, cryptocurrencies, the blockchain, and NFTs are moving past novelty status and into the music industry mainstream.
Independent label EMPIRE announced their “first cryptocurrency artist payment” – a $1 million advance to Atlanta rapper Money Man paid entirely in Bitcoin.
Going all-in on the crypto theme, tomorrow 11/12 Money Man will release a new album and title track called “Blockchain.” He also leads a group of 40,000 discussing cryptocurrencioes on Telegram.
Here is Money Man’s reaction to the $1 million Bitcoin advance
Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is the Founder and President of the Skyline Artists Agency and a professor for the Berklee College Of Music.
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