Legacy Records has joined the cryptocurrency bandwagon as it continues to find connection throughout artistic mediums, from painters to digital artists to musicians. From a business standpoint, music remains a field suitable for resurrection. As a result, artists who are interested in cryptocurrency, begin releasing songs and albums so that performers get paid in cryptocurrency. Two-Pronged Strategy Legacy Records CEO Keishia McLeod stated in a news statement issued earlier this week that it came down to “either get involved or get left behind.” McLeod concluded by declaring that “this is the future, not a trend” and citing distinct income stream options for artists. McLeod has previously announced her intention to push the label to the forefront of embracing emerging technology in music. Legacy’s method is comprised of two primary categories. The first is the most notable, as the label will be the first to offer artists the option of receiving advance and royalty payments in cryptocurrency. The second is to connect artists with NFTs, allowing fans to bid on exclusive content via auctions. The label’s particular plans for NFTs, as well as the number of artists seeking. The Expansion of Legacy Records Music’s Business Located in Las Vegas Legacy Records, will try to capitalize on the announcement’s potential press hype. However, in association with the release, the label announced a yet-to-be-named music distributor who has agreed to pay performers in cryptocurrency. McLeod has previously stated that the label wishes to be a mainstay in transforming the way musicians do business. McLeod mentioned Netflix’s impact on the film industry in a January interview with the LA Tribune, adding that “we haven’t seen that yet in this sector, but it’s coming.” We’re going to play a big role in making that happen.” Performers Getting Paid In Cryptocurrency Legacy will be there for a long time in the crypto realm. With the rise of cryptocurrencies, this creative label is taking names regularly and revolutionizing the industry as we know it. Legacy will be remembered in perpetuity as the first record label to pay out in cryptocurrency, and their standard of excellence is unrivaled. DJ Premier, 3LAU, The Weeknd, Linkin Park’s Mike Shinoda, and others are also few performers getting paid in cryptocurrency.
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