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And why not? Human beings have always enthralled themselves into one pursuit after another, all with a means to an end of improving our lives. Clearly, the conveniences afforded by the internet are quite literally earth-shattering to say the least. Three decades ago, few could have ever imagined the present state of our on-demand-everything society, with the ability to instantly communicate and conduct business in real-time, at a pace that often seems dizzying at the best of times.
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People from the music industry have started projects that use blockchain and, ideally, eliminate the need for intermediary applications and platforms such as Spotify and iTunes. One of the projects, Tao, encourages the idea that bands sell crypto tokens directly to their fans. Consumers purchase music, live shows or merchandise in exchange for tokens. Bands may also set a time limit on tokens with the blockchain feature, which would determine when tokens are no longer valid.
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