The music industry is broken: OpenWav’s new app aims to change that

OpenWav, a new music technology platform, aims to address the challenges faced by artists in the current music industry. The platform provides a direct-to-fan approach, allowing artists to retain a larger portion of the profits from their work. The traditional music industry model has long been criticized for its unequal distribution of revenues, with a significant portion going to record labels, streaming platforms, and intermediaries, leaving artists with a smaller share. OpenWav's solution seeks to empower artists by giving them more control over their work and a greater financial stake in their success. The platform offers features such as direct fan engagement, customizable artist profiles, and transparent revenue sharing. By cutting out the middlemen, OpenWav aims to provide artists with a more equitable and sustainable business model, enabling them to focus on their creative endeavors and build stronger connections with their fan base. The article highlights OpenWav's potential to disrupt the existing music industry paradigm and provide a more artist-centric approach, addressing the longstanding concerns about the lack of fair compensation for musical talent.