create account

How Winamp Embraced Blockchain and Creator Economy by esmeesmith

View this thread on: hive.blogpeakd.comecency.com
· @esmeesmith ·
$1.16
How Winamp Embraced Blockchain and Creator Economy
Remember the old Winamp music player? Yes, that player with llama as mascot. They used to be pretty big during the 90s and upto 2010. And then the streaming world took over and desktop players were slowly ignored.

Winamp struggled a lot as it was sponsored by Netscape, later AOL and then it went open source. And this journey for them was full of pain. And after years of hibernation they came back with desktop player revival. 

They recently announced the entry into Audio creator world with their new NFT and the monetization policies. Now they are going to make it easy for the Audio creators a lot easier life and ways to navigate with the income for their created content.

![leo.png](https://i.imgur.com/VtJ4WPe.png)

### How Winamp Works for Creators?
---
Let's assume you are a creator. You sign up at Winamp. Host your content. It gets played or used in the youtube or tiktok as usual. And you would be able to share the royalty with the platform. 

This would make the artist earn some royalty and their music gets used which often doesn't work unless they work with publisher. And it doesn't stop here, there are going to be other opportunities that open up which includes music management, promotion, airplays etc. 

All you need is signing up as a creator with them. You then upload the content and let the platform do the rest. You won't get rich obviously with the content. But it would not keep you starved if your content ever gets used on the web. 

### How does Audio NFTs work? 
---
YouTube has the ID system which is kind of machine recognizing the tune and then sharing the royalty with the original owner of the music. This means the same can be done with the NFT system. Where your music gets the specific ID. 

And everytime your content gets moved and shared or even say purchased by the others. You earn the royalty through the blockchain system. You make some good money through NFT sells as the music travels on the blockchain. 

Audio NFTs are kind of a future especially on the Apple devices as the rich people use Apple and they tend to buy the NFTs and the revenue is generated in this flow. So you should think of this as an opportunity. 

### Does Winamp Model works on Hive? 
---
If it can work on Ethereum, it would surely work on Hive. The thing is we already have the 3speak that is having this system. Only issue is that Hive lacks the exposure on the YouTube and so does the NFT based places. 

Like say Ethereum is dominant on the opensea but we don't have Hive there. The day we have that over there it would be possible for many Hive artists and the creators that would be able to store NFTs over there and generate revenue. 

Winamp model is still in early phase. How much revenue can be generated and how sustainable it is for long term is yet to decide. So we have to think of the Winamp model as in WIP aka Work in progress. Let's hope it works out for Creators. 

---

A lot of companies in Music, Art and the Video industry would be using the blockchain to sell the value assets. As long as it is original and people wish to own it or get the permission to use it, there would be platforms to serve the purpose. 

Winamp model may work for the starving artists. 

What do you think?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@esmeesmith/how-winamp-embraced-blockchain-and-creator-economy)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 32 others
properties (23)
authoresmeesmith
permlinkhow-winamp-embraced-blockchain-and-creator-economy
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["neoxian","ctp","cent","vyb","leofinance"],"canonical_url":"https://leofinance.io/@esmeesmith/how-winamp-embraced-blockchain-and-creator-economy","image":["https://i.imgur.com/VtJ4WPe.png"]}
created2022-12-12 16:57:54
last_update2022-12-12 16:57:54
depth0
children2
last_payout2022-12-19 16:57:54
cashout_time1969-12-31 23:59:59
total_payout_value0.585 HBD
curator_payout_value0.572 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,364
author_reputation127,129,039,704,957
root_title"How Winamp Embraced Blockchain and Creator Economy"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,059,737
net_rshares2,993,806,700,107
author_curate_reward""
vote details (96)
@india-leo ·
Indiaunited Curation 1670865421449
This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>
properties (22)
authorindia-leo
permlinkindiaunited-1670865421449
categoryhive-167922
json_metadata{"app":"hiveblog/0.1","tags":["neoxian","ctp","cent","vyb","leofinance"]}
created2022-12-12 17:17:00
last_update2022-12-12 17:17:00
depth1
children0
last_payout2022-12-19 17:17:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length405
author_reputation4,895,746,252,664
root_title"How Winamp Embraced Blockchain and Creator Economy"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,060,175
net_rshares0
@poshtoken ·
https://twitter.com/1331330355513745413/status/1602398369787387905
<sub> The rewards earned on this comment will go directly to the people( @taskmaster4450le ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
properties (22)
authorposhtoken
permlinkre-esmeesmith-how-winamp-embraced-blockchain-and-creator-economy-6193
categoryhive-167922
json_metadata"{"app":"Poshtoken 0.0.1","payoutToUser":["taskmaster4450le"]}"
created2022-12-12 20:24:15
last_update2022-12-12 20:24:15
depth1
children0
last_payout2022-12-19 20:24:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length275
author_reputation3,942,226,838,393,401
root_title"How Winamp Embraced Blockchain and Creator Economy"
beneficiaries
0.
accountreward.app
weight10,000
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id119,064,448
net_rshares0