The Spotify competitor- Feedbands is in for raising the bar of the game. Feedbands is a streaming service that encourages independent artists, just like Spotify. To ace the competition, Feedbands is now offering both the artists as well as the customers a chance to earn Bitcoin BTC. This will be done through the pay per stream feature of the streaming platform. To push the earnings further, the consumers can earn a little extra by referring to other users. With every valid ‘music streaming’ the user can earn more Bitcoins.
Right now the streaming platform is into testing the Lightning Network LN. The tests are going on with a clear view of increasing the speed of transactions and also to lessen the transaction costs. Feedbands sees the Lightning Network LN can be an excellent way to generate micropayment economy that can be incorporated into their music streaming services. The music industry is a multi-billion industry, and one can only imagine the future growth of the company if the tests gel well with the company’s aims.
The energy-hogging cryptos and a thought for the environment-
Bitcoin along with other cryptos are often criticized for their energy-hogging nature. As per the former economist- Read-
“Per MW of capacity, crypto miners create one ‘one hundredth’ of the jobs we would typically see from an industrial user with the same power needs.”
He further argued that
“typically, if a company moves into the area they will build a factory– that takes six months, offers jobs and invests them in the area. Crypto miners can come and go in a weekend– it is the most footloose industry I have ever seen, the most energy-intensive industry and the least labor intensive.”
On the other hand, Feedbands is spreading its wings into other realms too. The company has partnered with ‘Trees for the Future.’ The music streaming platform supports and works for the climate change cause. It supports by planting a new tree with every qualified music stream. Recently on Twitter, the company posted-
Our new platform plants 1