Bitcoin-inspired artist cryptograffiti announced the launch of an open-source project aimed at facilitating bitcoin revenue streams for DJs and music producers with an accompanying public demonstration, including a live DJ set performed at the US Mint in San Francisco.
“The event, titled ‘Strikes Twice’, was named after the new plug-in’s ability to automatically split micropayments into separate addresses,” according to an announcement shared with Bitcoin Magazine. “If live stream viewers enjoy one of the tracks played during the event, they can send bitcoin tips to a static QR code that splits the payment based on the track played at the time.” a fixed percentage given to both the DJ as well as the the producer of the track. ”
Cryptograffiti, who is a DJ as well as a visual artist, was motivated to launch the project after seeing an increase in direct copyright removal during the COVID-19 pandemic. The project also has a non-fungible token (NFT) component, with footage presented during the demonstration, which will be released on an upcoming Bitcoin search market as NFTs.
“People focus on banks, but by enabling Bitcoin to rebalance new revenue streams power in all kinds of industries,” cryptograffiti said. Bitcoin Magazine. ‘The digital economy is broken for musicians who carry the pockets of third-party platforms, while having to pay attention to arbitrary rules enforced by bots. We need to look at different models that better support artists. ”