Dijets can be used in the music industry to facilitate royalty payments for artists. The Architect DApp is an example of how Dijets can be used to make royalty payments easier for music artists. The DApp utilises Dijets Utility Chain to let artists fix a percentage of the royalty income for the record label and other parties. Artists also have the option of structuring payments in different ways such as instant transaction or through payment streams. The Architect DApp aims to tokenise the music economy by helping artists get paid directly for every second streamed on the platform. Artists can mint NFTs for exclusive content and sell them directly to the fans.
Dijets can also be used to create a more transparent and fair music industry. Smart contracts can be used to ensure that artists receive a fair share of the revenue generated from their music. For example, a smart contract can be created to automatically distribute revenue from streaming services to the relevant parties, such as the artist, record label, and other stakeholders. This can help to eliminate the need for intermediaries and ensure that artists receive a fair share of the revenue generated from their music.
In addition, Dijets can be used to create new revenue streams for artists. For example, artists can create NFTs for exclusive content and sell them directly to their fans. This can help to create a more direct relationship between artists and their fans, and provide a new source of revenue for artists.
Overall, Dijets has the potential to revolutionize the music industry by providing a more transparent and fair system for royalty payments, and creating new revenue streams for artists.