Music Streaming App (DSP)

Understanding DSP: A Key Player in the Music Industry

In today's digital age, the music industry has undergone a significant transformation. With the advent of technology and the rise of online music consumption, Digital Service Providers (DSPs) have emerged as pivotal players in the distribution and monetization of music. DSPs are platforms that enable users to stream, download, and access digital music content. These platforms have revolutionized how people discover and enjoy music, providing artists with a broader exposure and new revenue streams. Let's delve into the world of DSPs to understand their role, impact, and importance in shaping the modern music landscape.

What is a DSP?

A Digital Service Provider (DSP) is a company or platform that delivers digital content, including music, to consumers. These providers enable users to access music through various mediums such as streaming services, download platforms, and online music stores. Leading DSPs include popular names like Spotify, Apple Music, Amazon Music, and YouTube Music amongst others. They act as intermediaries between content creators (artists, record labels, and distributors) and music enthusiasts, bridging the gap between supply and demand in the digital music realm.

The Role of DSPs in the Music Industry

DSPs have redefined the way music is consumed, allowing fans to access vast catalogs of songs at their fingertips. These platforms offer on-demand streaming services that provide instant access to millions of tracks across different genres, eras, and languages. By leveraging algorithms and user data, DSPs curate personalized playlists, recommendations, and discovery features, enhancing the overall music-listening experience.

For artists and music creators, DSPs offer a direct route to a global audience, eliminating the need for traditional physical distribution methods. Independent musicians can benefit from the accessibility and reach that DSPs provide, enabling them to showcase their talent on a global stage.

DSPs continue to dominate the way we interact and listen to music. This is further illustrated by D. Currey’s 2023 Music App Report 2023 in the charts provided below.

RECORDIAN Music Streaming App

Set to revolutionize the music industry, the Recordian Music Streaming App, is where artists can take full control of their content and earn more, while fans can discover new music and earn rewards through our innovative Listen2Earn feature.

Our platform is designed to empower artists by providing them with a decentralized music streaming app that offers unparalleled control over their content, higher payouts per stream, new innovative revenue generators for artists, and advertisement opportunities. This along with our unique technology, artists can easily monetize their music and earn more revenue, while also gaining exposure to new audiences.

Meanwhile, our Listen2Earn feature rewards fans for listening to music, incentivizing them to explore new artists and support their favorites. The innovative Listen2Earn feature drives mass onboarding and adoption, creating a vibrant and engaged community of music lovers. Furthermore, Recordian’s ad-supported listening experience will be powered by the Recordian Ad Studio.

Recordian will serve as a hub for those wanting to enter the music industry and remain independent.

Distribution Company Partnerships

Recordian will have partnerships with music distribution companies and record labels, enabling the onboarding of extensive music catalogs from both major and independent artists to the Recordian music streaming app. Having a diverse range of mainstream and independent artists will drive mass user onboarding.

Members of our team, including former record label executives with expertise in music distribution, are already in talks with some of these companies. This positions Recordian to bring in large catalogs of music seamlessly.

Recordian's Free Entry Barrier for Artists

Unlike platforms like Spotify, where artists must rely on and pay distribution companies such as TuneCore, CD Baby, or DistroKid to upload their music, Recordian offers a free entry barrier for artists. This is a powerful solution because many independent artists, especially those in struggling countries or with limited financial resources, can't afford the fees charged by these middlemen. By eliminating the need for third-party distributors, Recordian allows artists to directly upload their music, manage their content, and retain full control without upfront costs. This not only empowers artists to maintain ownership of their work but also provides Recordian with exclusive content—music that isn't available on other platforms, making it a unique destination for fans seeking fresh, untapped talent.

Ad-Supported Free Entry Tier for Listeners

In addition, Recordian offers an ad-supported free entry tier for listeners, granting them access to the platform's full catalog of music. This is significant because it removes the common paywall that prevents users from exploring new music on traditional platforms. With free access, listeners can discover new artists and engage with content they may not have found otherwise. For artists, this means their music has the potential to reach a wider audience without being restricted by premium-only access. For listeners, they can enjoy high-quality music at no cost, while the ad revenue generated supports artists and the platform itself. This combination of free access for both artists and listeners creates a mutually beneficial ecosystem that encourages more user engagement, artist discovery, and community growth.

Artist Music Streaming Revenue Transparency

The Recordian Music Streaming App allows artists to adopt blockchain to a whole new level.

Artist onboarding is seamless and enables the platform to calculate artist commissions and royalties from stream revenue and metrics. Recordian tracks all music streams of an artist’s catalogue through their unique artist ID after verification.

Our blockchain-based payment system cuts out middlemen, creating a trusted reward system that cannot be manipulated by any entity or person. This ensures all artists get paid fairly, and the exact amount per stream stated by the platform.

Artist Payout System Overview

Once artists upload their music to the platform, they are able to claim a free entry-level Recordian MIC NFT, making them eligible to earn per stream. Once their earnings surpass the claimable threshold, they can proceed to claim their royalties.

When an artist initiates a claim, an immutable smart contract automatically draws the relevant funds from the reserved payout wallet. The system transfers the royalties directly to the artist's crypto wallet in stablecoins. This payout in stablecoins protects artists from the volatility of the cryptocurrency market. Additionally, with Base and Circle offering gasless transfers, secondary fees are avoided, ensuring that artists receive their full payment without incurring additional costs.

RECORDIAN Artist Revenue

Recordian provides higher streaming revenue and full transparency for all artists. All artists are eligible for $0.005 per stream. And by purchasing one of the additional Recordian MIC NFTs artists can earn even higher streaming revenue and more incentives.

Artists can claim / redeem royalties when the monetary value is equivalent to $100 worth.

RECORDIAN Genesis MIC NFTs

The Recordian Genesis MIC NFTs are an exclusive limited-edition collection of unique NFTs.

With the purchase of a Recordian Genesis MIC NFT, artists will gain access to a host of exciting utilities and benefits. Earn $0.01 per stream, ensuring substantial rewards for your creative efforts, amounting to $10,000 per 1 million streams.

Additionally, this exclusive NFT comes with an array of privileges, including Tier 1 Streaming Rewards, granting artists VIP access, eligibility for the Recordian Awards Show nomination, and the opportunity to be considered for Recordian World Tour Shows, subject to location. Furthermore, more incentives will be added in the future.

RECORDIAN MIC NFTs

The Recordian MIC NFTs are an unlimited collection of NFTs.

With the purchase of a Recordian MIC NFT, artists will gain access to a host of exciting utilities and benefits. Earn $0.007 per stream, ensuring substantial rewards for your creative efforts, amounting to $7,000 per million streams.

Additionally, this exclusive NFT comes with an array of privileges, including Tier 2 Streaming Rewards, granting artists VIP Discord access, eligibility for the Recordian Awards Show nomination, and the opportunity to be considered for Recordian World Tour Shows, subject to location. Furthermore, more incentives will be added in the future

RECORDIAN (Free Entry Level) MIC NFTs

The Recordian MIC NFTs are an unlimited collection of NFTs.

Upon claiming a Recordian (Free Entry Level) MIC NFT, artists will gain access to a host of exciting utilities and benefits. Earn $0.05 per stream, ensuring substantial rewards for your creative efforts, amounting to $5,000 per million streams.

Additionally, this exclusive NFT comes with an array of privileges, including Tier 3 Streaming Rewards, granting artists VIP Discord access, eligibility for the Recordian Awards Show nomination, and the opportunity to be considered for Recordian World Tour Shows, subject to location. Furthermore, more incentives will be added in the future.

Listen2Earn (L2E)

At Recordian, we believe that every listener should be rewarded for their genuine passion for music.

The Recordian Listen2Earn feature rewards fans for listening to music, incentivizing them to explore new artists and support their favorites. To gain access to the Listen2Earn feature, within the music streaming app, users must purchase the Recordian Headphone NFT.

This innovation drives mass onboarding and adoption, artist discovery, and increased platform engagement.

RECORDIAN Headphone NFTs

Buying a Recordian Headphone NFT gives users access to our Listen2Earn feature and more incentives.

Listen2Earn rewards are based on the average amount of songs listened to by the average person, as data from the International Federation of the Phonographic Industry (IFPI) indicates that an average person listens to 18.4 hours of music per week. This calculates to 368 3-minute tracks per week or 1,472 tracks per month.

During onboarding, a new user can either subscribe to premium (non-ad access, premium features), opt-in to Listen2Earn by purchasing a Headphone NFT, or a free account with ad-assisted streams and no form of earning.

RECORDIAN Headphone NFT

The Recordian Genesis Headphone NFTs are an exclusive limited-edition collection of NFTs.

With the Recordian Genesis Headphone NFTs, users can earn per stream + advert, ensuring great rewards for their engagement on the platform, with earnings capped at $5 per month.

Additionally, these exclusive NFTs unlock a range of premium privileges, including access to our L2E Rewards program, with even more benefits to be announced soon.

RECORDIAN Premium Plan

Recordian’s Premium Plan grants you ad-free streaming, to elevate your music streaming experience. Furthermore, access to an extensive library of tracks, the ability to create custom playlists, stream across multiple devices, block explicit content, and offline listening.