Viberate (VIB), a blockchain music platform co-founded by Vasja Veber, is experiencing low market momentum, trading at $0.0005211 as of August 24, 2025.
Despite its attempt to revolutionize music royalties with blockchain and NFTs, Viberate faces challenges in liquidity and mainstream adoption reflected in its declining trading volume.
Viberate, a blockchain-based music platform, focuses on transparency in the live music sector. It leverages smart contracts and NFTs to empower artists, but is currently facing volatile market dynamics and adoption challenges.
The platform was launched after identifying inefficiencies in artist bookings and aimed to decentralize revenue distribution. While it raised $10M in its 2017 ICO, recent updates indicate stagnant institutional investments and changing market conditions. Vasja Veber, Co-founder and COO of Viberate, stated, "Viberate leverages blockchain to redefine live music industry revenue transparency and artist empowerment through decentralized systems and smart contracts."
Funding Challenges Amid Volatile Music Sector
Viberate, a blockchain-based music platform, focuses on transparency in the live music sector. It leverages smart contracts and NFTs to empower artists, but is currently facing volatile market dynamics and adoption challenges.
The platform was launched after identifying inefficiencies in artist bookings and aimed to decentralize revenue distribution. While it raised $10M in its 2017 ICO, recent updates indicate stagnant institutional investments and changing market conditions. Vasja Veber, Co-founder and COO of Viberate, stated, "Viberate leverages blockchain to redefine live music industry revenue transparency and artist empowerment through decentralized systems and smart contracts."
Market Cap Drops to $95,117.30 with Limited Trading
Market capitalization stands at $95,117.30, with a $215 daily trading volume, reflecting limited market engagement. The current VIB trading price is $0.0005211, marking a sharp decline from its all-time high in January 2018.
Potential outcomes include decreased financial support and structural adaptations as industry dynamics evolve. VIB's utility as a governance token could face challenges without increased adoption, impacting future technological and financial prospects.
Viberate's NFT Use Spurs Innovation but Faces Hurdles
Viberate’s use of NFT technology aligns with trends by Audius, Opulous, and Royal, which similarly explored fractional ownership for revenue sharing. Despite innovative approaches, these platforms often face mainstream adoption hurdles.
Insights from Kanalcoin emphasize that Viberate remains a pioneer in music royalties on blockchain, but requires robust market integration to sustain momentum. Historical trends suggest a need for strategic shifts to bolster platform efficacy.