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After the successful Ethereum crowdfunding campaign, musician and web developer Peter Harris saw a path to creating a fair, decentralized music streaming platform. Out of that Resonate was born. Resonate is a phenomenon of the so-called "sharing economy". The phrase is often associated with segments of the on-demand economy, like Uber or Airbnb, but the sharing economy refers to collaborative consumption, production and distribution. By letting both fans and artists own the platform and do the decision-making for it, the value generated by the platform ultimately goes back to them. Instead of charging a monthly flat fee, you pay for what you stream. Listen to a song often enough and you’ll end up owning it, so you’ll no longer have to pay for streaming it.
There are other trends at play too: Resonate is starting its own blockchain project.
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