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.
Source: https://www.coindesk.com/business/2022/07/25/decentralized-music-streaming-service-audius-shifts-balance-of-power-says-bank-of-america/?utm_medium=referral&utm_source=rss&utm_campaign=headlines