SoundCrowd: Tokenizing & Collectivizing Soundcloud

A platform like Soundcloud represents a perfect, relatively low risk, sandbox for experiments in cryptocurrency and tokenization. It would represent a way for beginners in the space to receive some tokens, and play around with them in order to familiarize themselves with this new logic of value exchange and growth.

The top 1% of musicians now make ~77% of revenue in music. Many factions of the independent musical infrastructure have become closer and closer aligned with corporate interests and advertising supported journalistic models in order to keep their head just slightly above water, and are in danger of losing their distinction and identity as a result.

If we tokenize Soundcloud, and transfer its governance to a network of token holders, it will represent the first of many seismic shifts towards collective ownership, and an historic victory for the decentralized cryptocurrency space over the prevalent, advertising driven, era of the web.