Volareo is presented as the world’s first blockchain music loudspeaker, a connected loudspeaker that was presented at the SXSW in Austin and is now preparing the first exclusive preview at www.volareo.live.
This is a project that aims to connect musicians and fans. They want to decentralize content, not rely on a server, which is why they have opted for decentralized blockchain technology in order to create a more just and genuine environment for music lovers and music creators.
This intelligent streaming speaker is similar to Alexa but pays the creators of the music playing on it. It ensures that musicians are paid fairly and on time for their music (due to smart blockchain contracts), and that users can have a perfect music experience using the voice command function with the speaker, just like in a traditional assistant.
We can order the musician or song we like, and fans will receive exclusive music content from the authors.
Volareo founder Nick Yap says that for Spotify an artist earns around 0.0072 euro cents, which is not enough to cover his living expenses. With Volareo we will support a musician with a donation, by pressing a button or by clapping. This smart speaker ensures that you can tangibly support your favourite artist.
Payments to musicians are made through blockchain, a digital and decentralized accounting system that enables direct and transparent micro-payments through intelligent contracts. Each reproduction is equal to a musicoin, which is worth approximately ten cents. More than 2500 artists have joined this blockchain initiative and are already distributing their music at Musicoin.
It seems that there are no borders, the blockchain comes to touch everything.