THANK YOU
7
8) Why are we important for artists and fans?
The entertainment and arts sectors are among the many businesses
that have seen significant change as a result of the introduction of
cryptocurrencies and blockchain technology. Cryptocurrency provides
many advantages for artists and fans that improve relationships,
transactions, and creative experiences.
● Direct Transactions: Cryptocurrencies enable ar
tists to sell their
work directly to fans without intermediaries. This direct-to-fan
model ensures that artists retain a larger share of their earnings,
which platforms, galleries, and other third parties in traditional
models often reduce.
● Smart Contracts: Smart contracts on blockchain platforms
automate and secure agreements between artists and buyers.
These contracts ensure that artists get pai
d fairly and on time for
their work, eliminating the need for middlemen and reducing the
risk of fraud.
● Global Reach: Cryptocurrencies are not bound by national
borders, allowing artists to reach a global audience e
ortlessly.
Fans worldwide can purchase art, merchandise, or tickets without
worrying about currency conversion or international transaction
fees.
8) Why are we important for artists and fans?
The entertainment and arts sectors are among the many businesses
that have seen significant change as a result of the introduction of
cryptocurrencies and blockchain technology. Cryptocurrency provides
many adv
antages for artists and fans that improve relationships,
transactions, and creative experiences.
● Direct Transactions: Cryptocurrencies enable artists to sell their
work directly to fans without intermediaries. This direct-to-fan
model ensures that artists retain a larger share of their earnings,
which platforms, galleries, and other third parties in traditional
models often reduce.
● Smart Contracts
: Smart contracts on blockchain platforms
automate and secure agreements between artists and buyers.
These contracts ensure that artists get paid fairly and on time for
their work, eliminating the need for middlemen and reducing the
risk of fraud.
● Global Reach: Cryptocurrencies are not bound by national
borders, allowing artists to reach a global audience e
ortlessly.
Fans worldwide can purchase art, merchandise, or tickets without
worrying about currency conversion or international transaction
fees.