West Coast rapper Nipsey Hussle is focused on helping music evolve well into the future. The hip-hop artist has announced a new business venture with a high-tech company called Vezt which allows users to share ownership in artists’ music.
Nipsey went to Instagram this week to break the news to his 1.5 million followers.
Hi Tech Hussle secures another equity position in this Crypto Currency Space. @veztinc gone do jus what @followcoinltd did and make us all a lot of MONEY. This only for those of y’all that like Money. DO YA RESEARCH BEFORE THE SWEET SPOT EXPIRES Demonstration Speaks Louder Than Conversation #VictoryLap The Album 2.16.18 Pre Sale In Bio 🏁 Single On All Streaming Platforms Now @spotify @applemusic @tidal
According to the Vezt website, the service is fairly new and focuses on fans funding the musicians by owning portions of songs.
Vezt is a revolutionary new platform that gives artists and rights holders control over their new or existing songs and allows them to easily capitalize on their work by choosing portions of their songs to offer for sale to fans, friends, rights-buyers and brands. The Vezt platform employs blockchain technology to track and collect royalty income transparently. Vezt offers a true marketplace for songs and gives artists the opportunity to make a living and continue doing what they love most – make music. (Vezt)
Yesterday, Nipsey Hussle went to Twitter with a since-deleted post about how much artists make from various streaming services.
Earlier this month, New York rapper Joey Bada$$ announced he had a new show coming to TIDAL.
I have a podcast called “47 Minutes” coming to @TIDAL real soon. RT if you’ll tune in to hear me talk about shit from hip hop, politics, spirituality and whatever the fuck else I want.
— BADMON (@joeyBADASS) January 8, 2018