Competition is an issue, as leading DSPs have built “economic moats” around their businesses by offering large music offerings through record labels and by leveraging personal data to improve the user experience, the note says. Smaller DSPs, such as Audius, are faced with a “Catch-22 scenario,” as user adoption is needed to push artists onto their platform, but it also needs artists to join to drive user adoption, it added.
Related posts
-
The Case for Congressional Focus on Decentralized AI
That’s why it’s imperative lawmakers not overlook decentralized AI as they begin to regulate AI. It’s... -
Poland’s 2nd Largest Bank Uses Blockchain To Preserve Country’s Cultural Treasures
Pekao Bank from Poland, the country’s second largest lender, is making headlines by taking a bold... -
Elon Musk: America Is Headed for Bankruptcy
Tesla CEO Elon Musk has reiterated his concerns regarding...