UnitedMasters will let artists get paid in cryptocurrencies.
According to the Bloomberg report, UnitedMasters, a U.S. music distributor, will allow artists to get paid in cryptocurrencies via
UnitedMasters is one of the first in the industry to offer the service to its artists.
UnitedMasters, which has raised money from Apple Inc., Alphabet Inc., and Andreessen Horowitz, is one of the first in the music industry to offer the service to its artists. UnitedMasters has tried to differentiate itself from other music distributors by offering artists ownership of their music — and 100% of royalties in some cases. It just wants them to use its tools and services. Founder Steve Stoute, a longtime record executive, founded the company in 2017.
Dozens of musicians have accepted cryptocurrency.
UnitedMasters’ founder will use the deal as a way to market his company to artists interested in cryptocurrencies. Dozens of musicians have accepted cryptocurrency in