PowerGate assisted our client in their mission to become a crowdsourced record label, where members collaboratively decide which artists the label should help release on vinyl. When a record is released, the artist receives payment in cash and records, while retaining all the music rights.
The platform enables users to upload and stream music based on various genres and artists. Users can also vote on tracks, upvoting, downvoting, or skipping them. Additionally, the platform features music charts, forums, and voting mechanisms that determine which band gets their vinyl record pressed next. Powered by diversity, the marketplace has helped to bring more than 1000 music records to the audience. Today, the group of backers and artists is more than 20,000 strong, representing 15 countries and territories.