Volareo now processing pre-orders for Musicoin-powered smart speaker

FOR IMMEDIATE RELEASE AUGUST 15, 2018
HONG KONG

Score the world’s first blockchain-powered smart speaker at an early-bird price until Sept. 15

Today, the Musicoin Project’s key partner Volareo has launched its Indiegogo crowdfunding campaign for the world’s first blockchain-enabled smart speaker. Available now at an extremely attractive $99 USD special pre-order price, this is an opportunity to become an early adopter in direct, hardware-based artist compensation.

“Volareo opens a new chapter to the blockchain ecosystem. It’s a tangible device that bridges our daily lives with the crypto economy, and re-thinks the way we can engage with, listen to, and get paid by music.” — Isaac Mao, founder of the Musicoin Project.

Each time a song from Musicoin’s streaming platform is played on the Volareo, the musician will instantly receive one MUSIC — Musicoin’s in-house cryptocurrency — thanks to the Universal Basic Income (UBI) protocol which allocates 15.9% of miner block rewards for artist compensation. And unlike traditional streaming platforms like Spotify or Apple Music which retain the lion’s share for themselves and record labels, the independent artists of Musicoin receive 100% of their royalties. With easily-configurable smart contracts designed on the Musicoin platform, bands can even have their payments automatically divided and distributed to each member, at portions of their choosing.

Although Musicoin is a subscription- and advertising-free service, each Volareo comes pre-loaded with 500 MUSIC to encourage listeners to tip their favorite musicians while listening, simply by physically clapping their hands or pushing a button within the speaker’s phone app. At launch, Volareo will be able to communicate in English, Dutch, Spanish, and French, with more languages added in future updates.

Its open-source design is also an anomaly in today’s smart speaker market that’s dominated by walled garden devices like the Amazon Echo, Google Home, and Apple HomePod. By offering access to their API, Volareo’s team encourage independent developers to build dapps — or decentralized apps — for the speaker, opening up a currently unexplored world of opportunity and creative freedom. “(This is) an open platform for crypto and blockchain partners, creators, the voice commerce industry, and developers. Our privacy and our voices should be ours,” states Volareo founder Nick Yap.

Visit Volareo’s crowdfunder campaign between now and September 15 to take advantage of the special pre-order price. Delivery is expected by the end of Q1 2019.

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Musicoin (MUSIC) is a smart cryptocurrency and music streaming platform built upon the Musicoin blockchain. Musicians and listeners worldwide are encouraged to visit Musicoin’s official website at musicoin.org.

Volareo is a music streaming smart speaker that makes the benefits of blockchain accessible and cryptocurrency easy to use. Born out of the need for innovation in high quality hardware, Volareo seeks to benefit active music makers and discoverers, looking to use breakthrough technologies in the music industry. See more at: volareo.live.

Please contact press@musicoin.org or press@volareo.live for media inquiries

For updates, sign up on volareo.live and join the community at musicoin.org.