Avalanche powers a new model for real time music royalties

Core Insights - The music royalty system is outdated and does not align with the current methods of music creation, consumption, and monetization, which now involve billions of daily streams and microtransactions [1] Group 1: Industry Challenges - The traditional music royalty system was designed for physical distribution, leading to delays in reporting and quarterly payouts, which are no longer suitable for the streaming era [3] - Artists have experienced revenue fragmentation due to the shift to streaming, resulting in tiny payments that are slow to reconcile and distribute [4] Group 2: Technological Solutions - Distributed ledger technology, particularly blockchain, is proposed as a solution to modernize royalty payments, offering real-time accounting, automated payouts, and enhanced transparency [2][4] - The Avalanche network is highlighted for its ability to handle high-volume financial flows, making it suitable for artist payouts with stablecoins [5] Group 3: Financial Innovations - Stablecoins are essential in this new model, allowing artists to receive consistent payments without exposure to price volatility, thus aligning payment timing with the digital nature of music [6]