Too Long; Didn't Read
A new economic model to finance artist creation with fair compensation has been created thanks to the team at <a href="http://singulardtv.com" target="_blank">SingularDTV</a>. This <a href="https://medium.com/singulardtv/tokenomics-101-the-emerging-field-of-token-economics-e253b9e72ba3" target="_blank">tokenomic</a> model, known as the Artist Consortium model (AC model), allows for a collective group of artists to be funded by their fans through the sale of the group’s token. <a href="https://hackernoon.com/tagged/independent" target="_blank">Independent</a> <a href="https://hackernoon.com/tagged/music" target="_blank">music</a> labels would benefit from adopting this model in order to <a href="https://www.thebalance.com/indie-record-deals-assesing-the-pros-and-cons-2460376" target="_blank">finance</a> their artists’ content creation through an economically sustainable model and reward their fans for their support since day 1.