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EMPIRE to Offer Artists Advances in Bitcoin
Indie music multi-hyphenate EMPIRE is offering artists the option to receive advances in Bitcoin through Cash App, the company announced Tuesday (Nov. 9), with the first artist to receive an advance that way being Money Man . The Atlanta MC has a long history with the technology and his new single “ Blockchain ,” released Friday, is off his newly-announced, forthcoming album of the same name, out this week.
According to the company, Money Man took a $1 million advance through the decentralized digital currency, which equates to just under 15 Bitcoin at current valuation, or the equivalent of around $68,000 per digital token. Money Man has been vocal about his …
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