Viberate, a blockchain-powered music platform, continues its development of a new music ecosystem focused on royalties and live performance. However, their efforts have yet to achieve significant growth in the music industry, with limited adoption and trading volume. Despite ambitions outlined by CEO Vasja Veber for empowering artists through transparent platforms, Viberate’s token price saw a 10.8% decline in one day, reflecting stagnation in its market value. While Viberate aims to reduce middleman fees and enhance transparency for artists’ earnings, these efforts have yet to result in increased adoption or market value. Similar projects like Audius have experienced similar challenges with initial hype followed by volatility. Experts emphasize that the future success of Viberate hinges on both fan and artist adoption, driven by historical trends in music royalty automation. The company faces minimal regulatory hurdles but continues to grapple with challenges related to adoption.