Financing new creative enterprise through blockchain technology: Opportunities and policy implications

Blockchain technology represents an emerging source of venture capital crowdfunding for creative ventures, specifically in the music industry. Although music streaming is often portrayed as a success story, the Internet has in fact been something of a false dawn for the recorded music industry-particularly for emerging musicians. New music ventures might obtain alternative entrepreneurial finance through token sales or Initial Coin Offerings. Policymakers can play a role in developing this form of seed finance for the creative industries and beyond.