MBW’s Stat Of The Week is a sequence by which we spotlight a single information level that deserves the eye of the worldwide music trade. Stat Of the Week is supported by Cinq Music Group, a technology-driven file label, distribution, and rights administration firm.
The final time we wrote about Money App was when the cell funds platform was utilized by EMPIRE to pay Cash Man a $1 million advance in Bitcoin.
That transaction, made in November 2021, was claimed to mark the primary advance paid solely in Bitcoin to an artist, by a file label.
This week brings extra information of Money App being utilized by a excessive profile music trade determine to distribute a cost in Bitcoin, however this time, that cost is being made by an artist to her followers.
Becky G revealed on social media on Wednesday (June 8) that she’s entered right into a partnership with Money App to present away $500,000 price of Bitcoin to her followers.
The giveaway is being sponsored by Money App proprietor Block (previously Sq.). Block additionally owns music streaming platform Tidal.
The announcement states that followers might want to submit feedback on Becky G’s social media channels with their so-called $Cashtag (their distinctive cost identifier for Money App) in addition to the hashtag #ESQUEMAS.
Winners can be chosen randomly, every profitable a mean of $10 and $100, amounting to roughly 27,500 winners of Bitcoin through Money App.
Based on the guidelines of the competitors, which is barely accessible to residents of the US, 25,000 individuals will every win a prize of $10 in Bitcoin “on the then-effective change price” and a couple of,500 individuals will every win a prize of $100.
The partnership coincides with the discharge of Becky G’s single, BAILÉ CON MI EX on her new album ESQUEMAS.
Money App’s partnership with Becky G marks the cost platform’s newest transfer within the music enterprise, and follows the launch of its creator funding initiative Money App Studios in October.
“I’m thrilled to companion with Money App for this Bitcoin giveaway.”
Becky G mentioned: “I’m thrilled to companion with Money App for this Bitcoin giveaway.
“I’m so grateful for my followers, who repeatedly assist me by way of all of it – it’s a precedence for me to seek out moments the place I get to present again to them and match their efforts nevertheless I can.”
Cinq Music Group’s repertoire has received Grammy awards, dozens of Gold and Platinum RIAA certifications, and quite a few No.1 chart positions on quite a lot of Billboard charts. Its repertoire consists of heavyweights resembling Dangerous Bunny, Janet Jackson, Daddy Yankee, T.I., Sean Kingston, Anuel, and tons of extra.Music Enterprise Worldwide
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