Finay was created to address the traditional music industry’s shortcomings by prioritizing fair compensation, artist control, and long-term financial sustainability. Here’s how Finay empowers artists and promotes fair earnings:
Artist-Set Pricing and Royalties: On Finay, artists determine their own prices and royalties, giving them complete control over their revenue. You choose the value of your media, the royalties on resales, and the supply available—elements crucial to creating a thriving artist economy.
Revenue Beyond Initial Sales: Unlike platforms where revenue stops after a single sale or stream, Finay’s resale model allows artists to continue earning through royalties every time their media is resold. This unique system rewards artists for their work over the long term, creating a cycle of compensation as demand grows.
Fair, Transparent Transactions: Blockchain technology ensures every sale and royalty is recorded transparently, giving artists peace of mind knowing their earnings are secure and visible. Plus, Finay covers the gas fees associated with blockchain transactions, meaning more of your earnings go directly to you.
No Hidden Fees on Sales: Finay doesn’t take a cut of your primary sales—100% of the Riffs you earn are yours to keep. The platform’s minimal fees only apply when you withdraw Riffs into fiat currency, making it easier to understand and predict your earnings.
By choosing Finay, artists are empowered to create a sustainable income while receiving fair compensation for their work, building a future where music thrives through ownership, transparency, and community support.