CEX.IO Quiz: Music royalties on blockchain. Fair pay or new trap for artists?

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Here Are CEX.IO Power Tap Daily Quiz 26 September 2025:

Task: Music royalties on blockchain. Fair pay or new trap for artists?

  1. The traditional music industry is described as a jungle with what kind of contracts?
    ✅ Labyrinthine.
  2. What traditional process does the text suggest is so complicated it would require a strong cup of tea and a lie down afterwards to unravel?
    ✅ A royalty statement.
  3. What is the core feature of the blockchain technology that prevents tampering with records?
    ✅ It is a transparent ledger where nobody can mess with the records after the fact.
  4. What major issue is cited as the “legal minefield” and half the battle in implementing blockchain for global music royalties?
    ✅ Global music licensing and getting everyone to agree on standard rules.
  5. What new form of fan interaction is introduced by blockchain, replacing the traditional act of buying a song?
    ✅ Buying an NFT that gives the fan a tiny share of the royalties.
  6. The current music industry is criticized for artists receiving what from the feast?
    ✅ Crumbs.
  7. The text warns that if everyone begins buying and selling song shares like stocks, music could become less about art and more about what?
    ✅ Speculation.
  8. What mechanism on the blockchain is described as automated code that instantly distributes money to rights holders?
    ✅ Smart contracts.
  9. What is the primary benefit promised by putting music royalties on the blockchain?
    ✅ Artists get paid instantly with no delays or confusion.
  10. What is the final condition stated for blockchain to fix music royalties “for good”?
    ✅ The industry truly wants to hand control back to the artists.
  11. The text warns that if a handful of big companies control the blockchain infrastructure, what outcome is likely?
    ✅ We’re back to square one, just with shinier code.
  12. What is the effect of smart contracts and blockchain on traditional intermediaries in the payment process?
    ✅ No more middlemen holding things up.
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