I will dumb this down to my own understanding of the phenomenon, because I don't really have any knowledge of the music world. The way I see it, good musicians really feel the rhythm and the ones with a business sense also understand and fight for their ownership rights.
But this shouldn't be a celebrities-game only. And it isn't. They are just the most visible.
I don't know if the monotone rhythm of receiving rewards in the defi world is exciting for a musician. But the rewards themselves could be.
Anyway, I've been dancing enough around the bush. Some of you may have an idea where I'm going with this.
We have in our Hive ecosystem for a relatively short while a new tribe: MusicForLife (their token is VIBES). If memory doesn't play me tricks, it was the first tribe (and only so far) which benefited from the angel investment of @SPInvest to get started.
I admit I didn't get involved with it, because I thought it's not the best fit for me. But I did notice people who have been involved, are happy with their choice and with the developments they see there.
About a week ago I learned about a new platform the guys behind M4L were about to launch. It was supposed to be a combination of defi and NFT, the two buzz fields of crypto right now.
The new platform was recently launched, it's called VFTLAB.finance and the interface looks like a fork of CubFinance, only simplified. Behind the scene, the application works on Hive/Hive-Engine, not on BSC, and it's also linked with the WAX blockchain for the NFT part.
When I first saw their intentions, I was a bit put down by the fact that I wasn't a holder in any of the tokens they supported which I wanted to add to the new defi platform.
But today, after coming across SPInvest's post, I realized my liquid Hive is simply lying around without any use case, so I decided to add some of it to VFTLAB.finance. I think I read the rewards are distributed daily around midnight (not sure about the time zone), so tomorrow I'll have my first VFT rewards.
If you decide to stake some tokens in any of the farms (they are the equivalent of 'dens' on CubFinance, because they are one-token only), make sure you check the deposit fees first.
For more information, you might also want to check their own announcements:
Posted Using LeoFinance Beta