eMusic, a supporter of independent artists and labels since 1998, has announced a $ 70M token sale to build a decentralized music distribution and royalty management system. eMusic is planning a public pre-sale for its eMusic utility token (EMU) beginning in September 2018, with a token generation event (TGE) immediately following.
For over 20 years, eMusic has served 47 million fans, in discovering new music, artists and labels, selling nearly one billion downloads from a catalogue of over 26 million tracks. By embracing blockchain, eMusic will develop a sustainable music ecosystem for artists, service providers and the fans that support them. eMusic’s mission is to correct an imbalanced music industry by building a fair, simple and transparent music distribution platform for artists and service providers.