The music industry is never going to be the same. A year from now, you’ll experiment with a new way to stream music. Two years from now, you’ll consider ending your Spotify account, and three years from now, the idea of going back to Spotify will become unthinkable. By then, you will have forgotten why you ever paid for it in the first place.

With the launch of Tune.FM, a new platform for music streaming, musicians and bands now have a better way to share their art and make money from it. Moreover, Tune.FM has given fans a better way to connect with artists and support their creative process.

All this and more is due to the advent of Web3, which Tune.FM has unleashed onto the music industry.

What is Web3?

Web3 is a decentralized network that connects users directly with each other that uses blockchain — a digital ledger system that records transactions and stores data, such as financial information, contract terms, or individuals’ personal information. Web3 relies on a distributed network rather than a central database, so each transaction is stored as an encrypted data block on multiple computers. This enables people to share information freely without worrying about censorship or interference from government entities or banks.

In short, Web3 fulfills the promise of democracy, putting power back into the hands of everyday people. By using blockchain technology, Tune.FM is democratizing the music industry and returning revenue into artists’ pockets.

This is a groundbreaking development, since musicians of all kinds understand that making a living from music in the Spotify-dominated era has become nearly impossible.

The problem with Spotify

While making a living in the music industry has always been difficult, streaming services like Spotify have made it even more challenging for artists than ever. As an article in The New York Times explains, “Industry estimates put Spotify’s payout rate for recordings at about $4,000 per million streams, or less than half a cent per stream. Since that money may pass through a record company before making its way to an artist, hundreds of millions of streams may be needed for a musician to net anything substantial.”

Arguing that it was unfair for them to pay artists so little, Taylor Swift famously withheld her album "Reputation” from streaming services until a week after it was released. Other famous artists that have taken a stand against Spotify include Prince, Pink Floyd, Coldplay, and Garth Brooks.

Musicians and bands of all kinds have long wished for a way to fight Spotify and other streaming services. With the arrival of Tune.FM, that wish has now come true.

How Tune.FM benefits musicians and bands

Tune.FM empowers artists like never before. The Web3 platform promises to pay creators themselves, rather than routing revenue through music labels or other intermediaries like Spotify. As a result, musicians and bands will receive the rewards of their labor, rather than third parties. In this way, Tune.FM is just plain fairer than Spotify.

The service also promises to deliver higher earnings than Spotify. According to the platform’s website, artists will receive compensation for every second their music is played. Tune.FM also promises to compensate artists instantly. Thanks to these policies, creators can anticipate receiving ten to a hundred times more revenue than they would have on conventional streaming services.

What’s more, Tune.FM streams uncompressed masters from artists themselves, while traditional streaming services only offer low-quality audio. As a result, creators control the quality of their tracks and can ensure it remains high.

If that wasn’t enough, Tune.FM offers a whole new way for artists to promote their songs. Musicians and bands will have the opportunity to incentivize new listeners and gain new fans, and as this following grows, so will the number of listens along with the creator’s revenue.

Since Tune.FT uses Web3 technology, the platform also allows artists to mint non-fungible tokens (NFTs) — digital assets that identify owners of property. Musicians can use these for singles, EPs, LPs, cover art, videos, and concert tickets, as well as VIP passes and other unique experiences. Prices will be maximized on Tune.FT’s marketplace, which uses auctions to ensure only the most motivated fans can secure the rarest NFTs.

How Tune.FM benefits music fans

Tune.FM will also help music lovers connect with artists like never before. Fans will have the peace of mind of knowing that they are supporting the musicians themselves, rather than big corporations.

Due to the high-quality tracks Tune.FM delivers, fans can also rest assured that they are listening to the experience the artist intended them to have, rather than a degraded version. The platform doesn’t limit the audio experience and corrupt quality.

With Tune.FM, music fans can now get paid for discovering new musical artists and listening to recently released songs. The more new releases they listen to, the higher the payday they will receive.

It’s also easy for listeners to find precisely what they want on Tune.FM, since tracks are organized by genre, mood, and instrumentation. And if users only want to support local artists, this isn’t a problem on Tune.FM, which can filter by location.

Finally, Tune.FM will enable fans to connect with their favorite artists better than ever by collecting valuable NFTs, which can be expected to gain value as their creators grow in popularity. They will also have access to special perks like backstage passes, meetups with the artists, and pre-release listening sessions of new music with band members.

The future is Tune.FM

Tune.FM is at the forefront of the music industry of tomorrow. The platform will open up a whole new era in streaming, one that promises fairness for artists and new ways of connecting them to listeners.

For these reasons, Tune.FM is the revolutionary new music-streaming platform to watch in 2023 and beyond.