The TAO Network, a blockchain-based DAO platform for musicians, has partnered with Boogie Shack Music Group to bring smart contract solutions to artists in the music industry.
TAO Network Wants to Break ‘Century Old Corporate Monopoly’
The TAO network told press that this collaboration will result in “an artist focused blockchain solution for the music industry, with Boogie Shack Music Group as the early adopter.”
Boogie Shack CEO Hakim Draper — a former executive at Warner Music — stressed the importance of integrating the latest technology into the music industry. “We’re developing artists and building careers rooted in creativity and new and future technologies like the Tao network [sic],” he said.
The TAO project is proud of the reception it has gotten from industry leaders, citing a video from veteran producer Joe Solo, in which he applauded the initiative for its potential to bring innovation to the music industry.