Sound.xyz has unveiled its groundbreaking music platform, poised to revolutionize the way artists distribute their music. With a significant $20 million injection of funding, the company aims to disrupt the traditional music industry.
In a bold move, Sound.xyz has thrown open its platform to all musicians, empowering them to navigate the restrictive economic landscape imposed by conventional streaming services. By taking control of pricing, artists can now sell their music directly to fans, ensuring immediate payment and allowing them to identify their most dedicated supporters. This audacious approach is set to become a landmark development in the music industry, challenging the status quo since the advent of streaming.
The impact of this alternative model is already evident. Artists on Sound.xyz have achieved remarkable success, earning the equivalent of an astonishing 1.6 billion streams. This extraordinary feat has been accomplished by fewer than 100 songs on Spotify and has never been achieved on Apple Music. By focusing on cultivating a loyal fan base of just 1,000 dedicated supporters, artists can now sustain a comfortable living without the need to chase viral hits or accumulate millions of streams.
Sound.xyz also offers a transformative experience for music enthusiasts. Fans are encouraged to become curators, collecting music and creating personalized playlists. Their active participation is rewarded, fostering a vibrant community that champions new music and facilitates meaningful connections.
The platform’s innovative web and mobile app enable fans to discover fresh releases by rising independent artists, show their support by collecting music, and leave lasting comments on their favorite tracks. Furthermore, they gain access to group chats with artists and fellow collectors, and even have the opportunity to earn income through playlist curation and sharing their favorite songs.
The resounding support for Sound.xyz comes from an array of industry heavyweights. Superstar Snoop Dogg, renowned songwriter and producer Ryan Tedder, esteemed hip-hop producer Tay Keith, and distinguished music manager Paul Rosenberg are just a few of the notable figures backing this transformative platform. Their endorsement not only showcases the immense potential of Sound.xyz in reshaping the music industry but also underscores its commitment to empowering artists and prioritizing their creative control.
With its vision to become the premier destination for music discovery, Sound.xyz’s recent opening of its tools to all artists, combined with its substantial $20 million Series A funding, solidifies its ambitious agenda. By democratizing the music industry, the platform establishes an equitable ecosystem where creators and music lovers alike can reap the rewards of their contributions, amplifying the intrinsic value of music in our digital age.