Indie Music

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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1 Comment

  1. Interesting News! I am very glad to know that Money Man took his $1 million artist payment entirely in bitcoin. We all know that Tyson Jay Bolding is the most popular 35-year-old American rapper. Nowadays, most companies and businesses are accepted bitcoin payments. As a professional online gamer, Recently I got this resource about the best payout slots games review, As well as I have played different types of casinos that accept bitcoin payment.

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