Get Your Streaming Money Paid Out Same Day
This is guide gives step by step instructions for how to get your streaming money paid out same day using cryptocurrency.
You will need:
Access to your Symphonic Account.
A FORMLESS Account with pro tier access to SHARE.
This feature is currently in pilot stage and is available to select Symphonic customers only. If you're interested in working with us, please email info@formless.xyz.
Why Use Cryptocurrency to Get Paid?
Every day, millions of dollars in royalties flow through streaming platforms. Yet for most artists, it can take up to 3 months to see those earnings.
Cryptocurrency changes that. As a revolutionary financial tool, crypto enables you to get paid dramatically faster. While many think of cryptocurrency as an investment, we're using it as a digital currency to deliver your streaming royalties in real time—the same day your earnings are generated.
Once you receive your royalties in crypto, you can instantly convert them to USD and cash out to your bank account within minutes.
What Are Smart Contracts?
Think of smart contracts as digital split sheets. Just as split sheets outline revenue-sharing agreements between collaborators, smart contracts automatically manage splits and payouts using digital currency.
In this case, smart contracts ensure that each collaborator gets paid instantly according to the agreed-upon split—no waiting for traditional payment cycles.
Why This Matters for Symphonic Customers
This guide is for Symphonic distribution customers who want to receive up to 50% of their streaming royalties in real time from platforms like Spotify, Apple Music, Deezer, Pandora, Amazon, and YouTube Art Tracks.
Instead of waiting months for your royalties to arrive, you'll get paid the same day your music streams.
This guide is structured in 6 sections:
You should follow these sections in order, however they are independent modules that you can complete separately as you get set up.
Add SHARE Protocol as a Payee. This guide is the foundation of adding SHARE Protocol, the backend system for distributing IP payments, as a payee in your Symphonic account. It is a prerequisite to all other capabilities.
Assign Royalty Splits to SHARE Protocol. This guide helps you assign royalties from any track in your Symphonic account to SHARE Protocol. Once this is done, the track will be ready to connect to a smart contract, which is the basic building block of high speed payments and revenue sharing.
Connect Track Earnings to a Smart Contract using a Form. This guide helps you create your own customized smart contract that sets up how payments flow between you and any collaborators on your track.
Receiving Realtime Royalty Payouts. Now that your track is connected to a smart contract and revenue is flowing from DSPs into it via SHARE Protocol, this guide will help you understand how to receive, understand and expect realtime payouts.
Cashing Out to Your Bank. This guide gives step by step instructions for cashing out your earnings from the blockchain into your bank account instantly.
Let's get started! Add SHARE Protocol as a Payee.
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