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.
