The Live Music Industry Fissacoin has been developed as the cryptocurrency for stakeholders in the live music industry. Fissacoin is transforming the music event industry by providing benefits that no other payment processing system in the world allowing users to exchange their Fissacoins for goods and services on music events and websites worldwide.
The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). The sector has become increasingly important to the livelihood of artists and musicians in recent years because of the global downturn in the sales of recorded music.
Those dwindling sales mean that many artists have come to rely on the revenues they make through their live performances for the mainstay of their income.
Even though streaming is exploding a majority of the revenue in the music industry is coming from live events. According to US-based calculations shared by PwC with Digital Music News, ticket sales alone account for 43% of all revenues
We believe the $25 billion market is on the precipice of a new life-altering movement through the liberal and unexplored opportunities of the blockchain technology bringing the largest transfer of wealth of this generation. Are you in?
Profit from the revolution
The live music industry has always been classified as expensive because of high fees by payment providers and banks putting constant pressure on the hard-earned-cash of event promoters and music fans. Fissacoin will eliminate these problems by creating a universal payment solution based on the blockchain technology for all legal businesses and individuals in the live music industry.