Friday, June 15, 2012

TastemakerX Opens Its Music Stock Market To Everyone

TmX logoTastemakerX, the startup that lets music fans get credit for discovering popular bands before they become cool, is opening to the public today. If this sounds like an app where your annoying music hipster friends can be their annoying music hipster selves, well, that's kind of the idea ? but, less annoyingly, it's a place to discover new music and get recognized for those times when you manage to be early on a trend that eventually goes big. TastemakerX allows users to buy and sell shares in musicians, then based on the value of their "portfolio" and their other activity in the service, they get a T-score showing their influence. You can also comment on bands and trades, give props, and follow other users to see which musicians they're investing in.

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