Paperchain Uses DeFi to Speed Streaming Payments to Musicians

Musicians who distribute their work on streaming platforms typically wait weeks to get paid for the traffic they generate. Paperchain Inc., a startup that just raised pre-seed money, says it has a way to get that down to a few days and produce a steady stream of income for musicians.

The New York-based startup uses loans from decentralized finance, or DeFi, and estimates what an artist’s daily streaming traffic is worth in order to fast-track payments.

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