This Music Discovery App Lets Listeners Invest in Their Favorite Artists
Alyson Wyers — March 10, 2015 — Business
References: tradiio & springwise
This music discovery app not only helps you find new tunes, it also allows you to support upcoming artists and invest in their talent. You even get rewarded for it.
The Tradiio app helps you find new music and virtually invest in musicians, while also offering discerning listeners prizes in real life. The music streaming service helps emerging artists gain recognition by asking users to act as A & R representatives. When you sign up to use the music discovery app, you get 10 digital coins that can be used to invest in your favorite songs. The number of coins each musician receives is tallied and works as a crowdsourced ranking across the Tradiio charts. Universal Music Portugal will then pick those from Tradiio's top 50 and will distribute their music around the world.
The Tradiio app helps you find new music and virtually invest in musicians, while also offering discerning listeners prizes in real life. The music streaming service helps emerging artists gain recognition by asking users to act as A & R representatives. When you sign up to use the music discovery app, you get 10 digital coins that can be used to invest in your favorite songs. The number of coins each musician receives is tallied and works as a crowdsourced ranking across the Tradiio charts. Universal Music Portugal will then pick those from Tradiio's top 50 and will distribute their music around the world.
Trend Themes
1. Crowd-investing Music Apps - Music discovery apps are integrating crowd-investing into their platform, benefitting both emerging artists and listeners by creating a mutually beneficial relationship.
2. Gamification of Music Discovery - Music discovery apps are using gamification techniques as a way to engage users and incentivize them to discover and support new artists.
3. Crowdsourced A&R Via Music Apps - Music discovery apps are allowing users to act as A&R representatives by ranking songs and investing in musicians, offering a new way for emerging artists to gain recognition and distribution deals.
Industry Implications
1. Music Streaming Industry - The music streaming industry can embrace crowd-investing and gamification in their platforms to increase user engagement and support emerging artists.
2. Music Production Industry - The music production industry can partner with music discovery apps to identify talent and invest in emerging artists, creating a new avenue for discovering and nurturing talent.
3. Investment Industry - The investment industry can take notice of the crowd-investing trend in music discovery apps and explore new opportunities for investing in emerging artists.
4.5
Score
Popularity
Activity
Freshness
