The Hip Hop legend Snoop Dogg has just made a bold statement about the future of the music industry, merging it with the power of blockchain. Tune.FM, a decentralized application (dApp) on Hederaโs (HBAR) network, is bound to host Snoop Doggโs upcoming releases exclusively on their platform.
Sponsored
By doing so, the Long Beach native musician & entertainer aims to prove that blockchain based music streaming services can garner up to 100 times more revenue for the artists. โI donโt f*** with Spotify anymore, Iโm only on Tune.FM,โ – bluntly stated Snoop in an interview for Billboard.
Starting his on-chain campaign with the single “SPACESHIP PARTY”, Snoop will serve as the new face of Tune.FM, which is striving to redefine the music industry economics with instant payouts based per-second, instead of the usual hurdles music artists have to go through, often taking up over three months to clear a royalty payment.
Tune.FM Native JAM Token Blazes Up 222%
The news of Snoop Doggy Dogg joining the Tune.FM crew had a massive impact on the Web3 music platformโs native crypto, Tune.FM (JAM). Live on Hedera Hashgraph (HBAR), the coin quickly rose to a new monthly high, whipping up 222% gains in the early hours of February 28, 2025.
With a market capitalization of below $2 million, this utility altcoin is considered a hidden gem by some crypto aficionados, even though Tune.FM (JAM) backtracked an eye-watering 99.8% from its all-time peak in August, 2021. Moreover, the music platformโs native crypto currency is listed on just a couple of popular exchanges, MEXC & WhiteBit.
Utilized for distributing streaming royalties between artists, JAM token also provides the gateway to an all-round Web3 marketplace where fans of musicians can invest in the creativity process themselves, enabling them to rack up a percentage of future streaming royalties.
Finally, Tune.FM (JAM) seeks to erase the issue of pay-per-placement in the music industry, enabling lesser known independent artists to be discovered by the artificial intelligence (AI) discovery system on-chain.
On The Flipside
- The new streaming model allows users to be paid per second, enabling quicker cashouts in comparison to 2-3 month waiting times in traditional streaming services.
- However, the price fluctuations of Web3 platform native coins are not priced in, while the 15.99B circulating supply of JAM tokens highly differs from the max supply of 92.2B.
Why This Matters
Blockchain technology has a lot to offer for the music industry, including a new way to interact with fans, cut out the middleman and boost the economy standard.
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