Dive into the evolving landscape of on-chain music with Michael DiVestia of Coop Records, as he unveils how blockchain is redefining artist-fan interactions and revenue streams. In a music industry heavily reliant on streaming, Michael shares how on-chain platforms offer a financially rewarding alternative, allowing artists to make "the equivalent of potentially millions of streams" through selling collectibles and engaging directly with their fanbase. The conversation explores how this new wave of music distribution provides both emerging and established artists a platform to open new doors and reclaim agency over their careers.

Beyond the numbers, the dialogue swings into the cultural shifts happening in the music world. Michael paints a picture of fans becoming investors in the artists' journeys, fostering a more inclusive community where early support could translate into tangible rewards. He remarks that "AI is going to definitely change the music industry probably more than crypto even will," highlighting the transformative potential of these technologies converging. As we trace the arc from collectibles to tokens, and how mainstream labels like Sony might soon embrace these on-chain possibilities, the path forward appears rich with promise and ripe for innovation.

This episode challenges perceptions and inspires curiosity about the future of music distribution. Whether you're an artist curious about stepping on-chain or a music enthusiast excited about new engagement avenues, this conversation offers a wealth of insights into the possibilities and hurdles of this space.

Connect with Michael DiVestia:

Website: https://cooprecords.xyz

Twitter: https://x.com/cooprecsmusic

Connect with Kris:

Farcaster: https://warpcast.com/thekris

LinkedIn: https://linkedin.com/in/thekrispartner

For sponsorships and collaborations:

Email: [email protected]

DISCLAIMER: The content of this episode should not be considered financial advice. Past performance is not indicative of future results. Digital assets and DeFi protocols have risks, including capital losses. Please DYOR.