Viberate, an online database of musicians, is trying to pair musicians with event organizers as well as create a payment platform. The focus is on the live music industry. It is an existing service which rewards users with Vibe points. They are planning to transform these points into a digital currency – Vibe tokens that can be used on the Viberate platform but also be associated with smart contracts for music related activities.
Will something like this catch on? Will we see other currency forms for individualized markets? I’m not sure how I feel about this whole alternative currency issue.