Craig DeWitt, current product manager at Ripple, launched the beta of xSongs, a platform that allows artists to sell their music, free of charge, against XRP.
Released yesterday in beta, xSongs is an initiative funded exclusively by Craig DeWitt, an officer of Ripple, and not by the American firm specializing in blockchain.
Directly inspired by the popular online music store Bandcamp, xSongs works on a 100% free model.
In a recent interview with TheBlock, DeWitt explained that the service does not charge any fees and that it is not, at the moment, interested in monetizing it.
“When you eliminate the intermediate, you get lower prices and more income for artists. I personally cover the costs… I think when you build something people like, things around the monetization self-regulate over time, “he said.
Supported by Chris Opler, software engineer at Ripple, DeWitt hopes to see more than 1,000 musicians sign up by summer 2020 for a forecast of 10,000 sales.
Ultimately, he plans to add support for other forms of digital content on the platform, including ebooks.