Music events are one of the most profitable businesses in the industry. Due to the COVID pandemic, in-person events came to a halt. Artists, managers and event organizers had to pivot to digital formats. Some artists leveraged Instagram using their Live, so they could continue performing for their fans. Some released digital albums via YouTube which have also been very effective.
Creators of streaming platforms saw an opportunity that is more scalable and profitable. They leveraged their streaming services to provide virtual concerts and music events.
VIRTUAL EVENTS
Virtual events enabled artists to pivot their scheduled events to online events. They became very profitable because artists are able to perform from their studios or at production houses.
Future Stream, a startup company, partnered with DaBaby on their streaming debut. This company provides a transparent model which is based on profit- sharing with artists. The artists are able to decide how their events will be produced. This flexibility is mutually beneficial.
In 2019, online platforms saw a huge spike in their streaming hours and the number of active users. This turned out to be the new business model. The idea behind doing virtual events is to create a platform where everyone can attend from the comfort of their homes.
Many companies are now moving towards sponsoring online events which create opportunities for all parties involved from sponsorship to viewership.
BTS had a virtual concert that was watched by 50 million people. Many other events like this took place in 2019 and 2020. They resulted in event participants becoming more confident in the experience, and event organizers becoming more creative.
The BeatBind.io platform delivers confidence in virtual concerts that drive interactivity in this streaming sector without users having to worry about incurring transaction fees.
The Role of Crypto in the Music Industry
The music industry has evolved tremendously over the past year. As with many other industries, cryptocurrency is playing a significant role in the new virtual ecosystem. It has become a much more viable payment option than traditional methods that might incur fees, or be subject to billing issues.
Cryptocurrencies have recently made headway with mainstay firms such as MasterCard and Bank of New York Mellon Corp. Tesla, the leading maker of electric cars, also got behind Bitcoin with a $1.5 billion investment, and plans to start accepting cryptocurrency as payment.
BeatBind has taken cryptocurrency to another level by creating their proprietary BBND tokens which can be bought directly on their website, beatbind.io.
The entire ecosystem which BeatBind is presenting is a compelling and unique platform. It is a music auction platform or an artist auction platform where people can hire artists, organize events, and use BeatBind’s BBND tokens for payments.
BNBD tokens provide unique features, advantages, and benefits. They enable users to purchase event tickets, vote for their favorite artist, purchase drinks etc… The major advantage is that users can be a part of the BeatBind ecosystem where they can participate in the services that the BeatBind platform offers.
The BBND tokens are super simple to use than conventional payment methods. The main features include no transaction delays, instant deliveries, and cryptography security.
BeatBind’s Executives
BeatBind’s brilliant and dynamic music platform was created by Bosko Gasic(Chief Executive Officer) and Dale Baeten(Chief Operating Officer). These visionary gentlemen proceeded to surround themselves with highly accomplished individuals such as Ivica Panic(Chief Marketing Officer) and Doc Ish(Chief Innovation Officer).
Ivica’s singular focus is to make BeatBind an iconic brand that will become known throughout the world. He has 10+ years of online marketing experience. His background includes leading marketing efforts for top brands in their industries. Examples include Victoria’s Secret, RE/MAX, and Regus. He is passionate about creating and executing a marketing plan that will result in limitless benefits for our platform’s users.
Doc Ish is a Grammy Award winner, VMA Winner, Multi-Platinum, and Producer/Artist. He produced Eminem’s comeback single “We Made You” which reached the Top 10 on the US 100 Billboard charts. Doc Ish also worked with Neyo, Joe Budden, Max B, Wu-Tang Clan, and other top artists. His creativity and exposure in the music industry provides over 20 years of music innovation experience to the BeatBind team.
Doc Ish was one of five highly esteemed panelists at the recent “How to Enter and Navigate the Entertainment Industry” conference in New York. New York State Senator Leroy Comrie sponsored this event.
We are confident and proud to say that BeatBind is committed to provide the best possible experience for our users with the help of BBND tokens. These tokens will play a key role in the growth of BeatBind’s platform. They will provide the benefits of cryptocurrency transactions, the future of payments.
BeatBind’s IEO pre-sale on BBND tokens is in progress. A limited number of tokens are available at pre-sale prices.
Our platform has the potential to change the dynamics of the music industry. If you want to become a part of our BeatBind family and grow with us, sign up on our site www.BeatBind.io.
Beat Bind Whitepaper to know more about our platform.
Beat Bind Pitch Deck for Quick overview.
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