Wednesday, March 14, 2018

Former Guns N' Roses Drummer Creates Cryptocurrency Startup, Artbit

The former drummer of Guns N' Roses, Matt Sorum, has create a brand new, Los Angeles cryptocurrenc startup--Artbit, which says it will offer up compensation to up-and-coming artists from their fans. According to the company, it was founded by Matt Sorum, Pablo Martins, Renan Monjon, Saulo Monjon, and Jean-Philippe Innocent, and it aims to allow unsigned and unrepresented artists--ranging form musicians,magicians, dancers, street artists, and street performers--to get "real compensation" for their work. The startup said it will help creaters fund their passions through a "crypto-economy powered by hashgraph". The company said it will be using the Hedera hashgraph as the basis for its platform.