How Algorand ANote Music & Hedera Tune.FM Are Revolutionizing the Music Industry with DeFi AllinCrypto May 13, 2025
ANote Music, a music investment platform built completely on Algorand, has raised €82k in royalties throughout April 2025.
The DeFi app rivals that of Hedera Hashgraph’s Tune.FM, a music streaming platform with backing from Snoop Dog.
According to Anote Music, 12 music catalogs were paid out, pulling €82,266.23 in royalties for April, the platform’s biggest draw per month on record.
Anote Music brings music catalogs onchain for crypto investors
ANote Music is a music investment platform on Algorand that allows average investors in crypto to support artists and their catalogs.
With ANote Music, music catalogues can be uploaded to the platform, which runs on Algorand. Anote will vet submissions, verifying that the catalog owner is legitimate before creating an auction listing on the website.
After confirmation checks are complete, investors can bid to own shares of an artist’s catalogue during an auction. Successful bidders will be able to own a legitimate catalog of music shared by the artist.
With the ANote, catalog owners are able to trade their catalogs with other users, creating a new type of peer-to-peer ecosystem where artist catalogs are traded onchain.
Catalog ownership affords investors the ability to collect portfolio payouts in the form of royalties, which are also distributed to artists who share their catalogues.
Currently, ANote Music is home to a wide variety of verified artist catalogs, from the Destiny’s Child Manager catalog to the catalog of Brian Tarquin. Via ANote, users can invest and own a portion of the aforementioned catalogues.
From ANote’s Destiny’s Child Manager Catalogue:
Access the manager’s commission on digital performance royalties from the greatest hits of Destiny’s Child, one of the best-selling R&B girl groups in history. Earn from public performance of iconic songs like ‘Say My Name’ and ‘Survivor’ on non-interactive platforms.
Hedera Tune.FM to rival Spotify and Apple Music
ANote Music on Algorand is a music platform similar to Hedera’s Tune.FM, a streaming platform where more royalties are paid to artists who host their music on the platform.
With Tune.FM’s generous royalties, the platform aims to rival that of Spotify and Apple Music by rewarding artists for streams and inviting listeners to share and earn via the JAM token, the platform’s native token.
In recent months, Snoop Dog has decided to launch his complete catalog on Tune.FM, urging other artists to follow him into the web3 world.
Over time, both platforms, ANote Music and Tune.FM, may grow in popularity as traditional music platforms continue to strip artists of generous royalties. Listeners could turn to web3 for alternative ways of supporting artists they love.
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