“The Cypherfunks” is a network of musicians working individually & together to make music under the same name. A cryptocurrency [FUNK] acts as “stock” in the band.
Both the currency & band are completely decentralized. It is a grand experiment in permission-less, internet scale innovation in music, collaboration, and technology.
By creating music for this internet band and sharing it, musicians increase the network effect & subsequent demand for the currency. As contributors, musicians can be tipped FUNK by other members. FUNK can be exchanged into your currency of choice through various online exchanges. In the future, you will be able to use FUNK directly to buy products that assist in music making, and eventually anything else you can think of. The long-term goal is to have a community of musicians use FUNK as currency to help each other continuously create great new music.