MusicLife has raised $ 5 m to develop AI - based music distribution using blockchain technology . The company is a collaboration between the Singapore - based non - profit organisation MusicLife Singapore and the Japan - based Metropolis Company . The funding was led by Metropolis VC . The higher an artist’s profile, the pricier their music. The company offers music through the MusicLife Exchange . Songs are free for the first 50,000 plays , after which they are paid by AI depending on their popularity . More plays correspond to a higher value in MitCoin , one of two MusicLife virtual currencies . Other companies use blockchain technology to distribute music , but it said its solution was one of the few which protected against piracy .
MusicLife has raised $ 5 m to develop AI - based music distribution using blockchain technology . The company is a collaboration between the Singapore - based non - profit organisation MusicLife Singapore and the Japan - based Metropolis Company . The funding was led by Metropolis VC . The company offers music through the MusicLife Exchange . Songs are free for the first 50,000 plays , after which they are paid by AI depending on their popularity . More plays correspond to a higher value in MitCoin , one of two MusicLife virtual currencies . Other companies use blockchain technology to distribute music , but it said its solution was one of the few which protected against piracy .