BitSong is a multifunctional blockchain-based ecosystem built to empower the music industry. It unites artists, fans, distributors in an environment where music, merchandise, and fan loyalty are assets of value.
BitSong’s decentralized ecosystem of services providers the global music community with a trustless marketplace for music streaming, Fan Tokens, and NFTs, powered by the BTSG token.
BitSong was conceived in 2018 by the developer and entrepreneur Angelo Recca. Angelo realized that while the digitalization of music has brought many benefits to the industry, it’s also created a new set of problems around the ownership of music and attribution of royalties. He joined forces with Iulian Anghelin and BitSong was born.
The initial intention was for BitSong to become an Ethereum-based application where fans could stream music and artists could receive royalties directly. However, after discovering Cosmos and its ambition to become the “Internet of Blockchains,” Angelo and Iulian immediately recognized the full potential of becoming part of a multi-chain environment.
After launching the main BitSong blockchain in August 2020, the bitsong-2b mainnet went live on October 21, 2021. Featuring Fan Tokens, NFTs, and music streaming platform, all underpinned by secure, robust, battle-tested blockchain technology, the launch of BitSong marks a turning point in the ongoing development of the music industry.
Andrea Della Balda, CEO of BitSong, is an experienced executive in the telecommunications sector with a track record of founding successful companies. He joined BitSong from San Marino Telecom SpA, which he co-founded in 2005 through his holding company Da Vinci SpA together with the well-known entrepreneur Simon Murray.
Angelo Recca, BitSong Founder and CTO. Full-Stack Developer, Blockchain Expert and promoter Entrepreneur through the launch of 3 other startups. In 2021 after three years Angelo left the role of BitSong CEO, to fill that of CTO to the fullest of his capacities and skills. He is a naturally gifted developer and wants to express his best value in writing code and accelerating the development stages of the ecosystem.
Iulian Anghelin, BitSong Co-Founder & General Manager. Entrepreneur, Blockchain Investor. Iulian has extensive experience in understanding the specific requirements of a business regarding the models through which it can generate capital that allows it to thrive in competitive environments. Iulian is also an advisor known for being very selective in the processes of admission of the various projects to his portfolio. Beyond that, in 2018 he raised more than $ 3 million through the ICO which he and his BitSong partners launched.
BTSG is the native token of the BitSong Network. It is used by the BitSong governance system to vote on blocks and improvement proposals. The amount of BTSGs staked as well as the duration of the validator’s staking term defines their voting power on improvement proposals.
BitSong is a bech32 standard token and is used not only for staking but also for paying fees and for exchanges between artists and their fans, music providers, and investors.
BTSG is the ultimate currency for music, powering all the features of the BitSong ecosystems.
Artists, music industry participants, and fans can use BTSG to:
- Buy, sell, and trade Fan Tokens
- Buy, sell and trade NFTs
- Swap BTSG for other cryptocurrencies on centralized and decentralized exchanges
BitSong is a distributed, open-source and permissionless music ecosystem built using blockchain technology. Its objective is to create a decentralized and trustless hub that advantageously interconnects the various market players of the music industry.
BitSong is not just a streaming platform, it’s a decentralized system of services supporting an active community of artists, music providers, fans, and investors. The BitSong platform is positioned to become the trustless reference point within the digital music market. Built on a public blockchain, BitSong is usable from any smart device and places artists and listeners as the main protagonists, eliminating costly intermediaries and giving musicians a higher level of control over their music-based revenue.
To learn more about the BitSong project visit their official website.
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