No, you don’t need to be an independent artist to join Finay’s Band. In fact, Finay is designed to support all artists, from independent musicians to larger, established acts signed to record labels. Here’s why joining Finay is an advantageous choice for signed and larger artists as well:
Automated Revenue Splitting for Collaborative Teams: Finay’s platform allows you to set automatic revenue splits at the time of media creation. This is a game-changer for larger artists who work with teams that include bandmates, producers, managers, and other collaborators. You can set specific percentages for each contributor, and every time a sale or resale occurs, the revenue is distributed automatically based on those predetermined splits. This makes managing earnings easier, ensuring each team member is fairly compensated without needing a third-party accountant.
Error-Free, Transparent Payouts with Blockchain Technology: Finay’s blockchain-based payout system ensures that all royalties and revenue splits are accurate and traceable. Unlike traditional systems where human error or delays can occur, blockchain keeps a secure and public ledger of each transaction. This transparency is invaluable for larger artists and signed acts, as it reduces the need for manual accounting and eliminates the risk of misreported earnings.
Direct Engagement with Fans, Beyond the Label: Signed artists often face restrictions on traditional platforms when it comes to fan engagement, as many of these platforms control communication. Finay’s tools—such as private channels, live streaming, and direct messaging—allow you to interact directly with fans without interference. You can build personal relationships and offer unique, collectible experiences that keep fans engaged in your journey.
New Revenue Streams Beyond Streaming: For larger artists accustomed to revenue primarily from streaming, Finay’s diverse monetization options open up new opportunities. Through Backstage Passes, live event sales, tipping, and more, you can create revenue streams that don’t depend on streams alone. Each sale type allows you to engage your fans in unique ways while generating income that complements traditional album sales and royalties.
No Delays in Payouts: On traditional platforms, earnings are often delayed due to long processing times or distribution cycles. On Finay, you receive payouts instantly in your wallet after each sale. This provides larger artists with faster access to their revenue and allows for better cash flow management—no more waiting weeks or months for distribution checks.
A Transparent System for Label Relations: For signed artists, Finay’s public blockchain ledger provides clear, irrefutable records of each sale, resale, and royalty payout. This level of transparency can simplify discussions with labels, ensuring that everyone has a clear picture of what’s been earned. It adds accountability and trust to your business relationships, as all transactions are visible and verifiable by both artists and labels.
Resale Royalties Create Ongoing Income: Larger artists often have a strong fanbase interested in collecting exclusive or limited-edition media. Finay’s secondary marketplace allows fans to buy, trade, and resell your media as NFTs, with each resale generating royalties. This feature lets you continue to earn long after the initial sale, and fans can benefit from owning collectible media that holds value over time. For signed artists, this means a sustainable income stream beyond the usual album cycle.
Brand and Legacy Building Through Collectible Media: For larger artists looking to leave a lasting impact, Finay offers the ability to create limited-edition releases that can become collectibles. Unlike traditional digital files, your music, tickets, and Backstage Passes on Finay are unique assets that fans can hold, trade, and cherish. This allows you to build a brand around exclusive, high-value media that keeps your legacy alive and appreciated.
In summary, Finay offers powerful tools that simplify revenue management, enhance transparency, and provide unique fan engagement opportunities for both independent and signed artists. Whether you’re a solo act or part of a major label, Finay’s platform empowers you to connect deeply with fans, manage earnings efficiently, and build a lasting impact. By joining Finay, you’re choosing a path that values your creative vision, offers flexible revenue options, and supports every level of your career.