Vezt is the first mobile app that allows music fans to acquire royalty rights in their favorite songs and recordings. Artists, songwriters, and producers receive funding sourced directly from their fans around the world. In exchange, participating fans receive royalties earned by their favorite songs and recordings collected by Vezt from Performing Rights Organizations, publishers, digital platforms and record labels in more than 135 countries.
Vezt gives artists and rightsholders access to royalty-based financing through a monetization process called an Initial Song Offering® (ISO™).
How to get started:
1. Browse ISOs for a song you like and click “Buy”
2. Create an account
3. Connect your payment method
4. Click “Place Order”
Note: The current version of the platform is an early release, offering core functionality as we continually add a variety of high-level features. Selected feature availability and anticipated releases are noted below:
● Various improvements
● Block chain protocol stability
● Song performance analytics
● ISO™ watch-list
● Social media sharing of royalty rightsholder certificates
- iOS 13 improvements
- Stat updates
Ratings and ReviewsSee All
Great Idea, Uncertain Results
There is little to no data shown to us as the buyer or investor. I see you guys will soon be featuring the analytics, but you will be showing us how well the ISO is performing BEFORE we hit the buy button? What good is an investment if I can’t do any research prior to putting my money in, that sounds more like a gamble than anything. Furthermore, some of these ISO prices seem very steep for such a small or even half a percentage of ownership (especially being that we can’t see how well a song is performing). I don’t know if Vezt is already doing it, but there should be a cap in place so the original rights owner can only ask for a certain amount of money relevant to the ISO’s current performance and how long their offering the rights for.
Developer Response ,
Excellent review - we really appreciate your honest and detailed feedback. We do now feature streaming, social media and radio play data for many songs (some of the independent songs are harder to track). We cannot predict the performance of any song, but are rejecting hundreds of ISOs that are priced outside our onboarding algorithm's guidance. (We do not set pricing - but can reject anything that seems unreasonable per our algorithm). Love to hear your thoughts as we continue to improve the app going forward. Thank you -
I HIGHLY DO NOT RECOMMEND
First things first, you have to understand that this is a speculative way to invest your money. Buuuut it still should pay out something... here’s the thing, you sign up for the app, link your bank, buy some “rights” and then wait, and wait, and wait and, yup, you guessed it, wait some more. I have rights from music in Q4 of 2018 that still haven’t paid me ANYTHING. Not that the songs aren’t any good, because they get hundreds of thousands of streams, but the real issue is that the app creators promise a turnaround between 3-4 Quarters. Hey, that’s fine, that’s what I knew going into this. It’s been over a year and then some, and guess what happens when you email support? You have to wait, and wait and then you get an automated message that responds to you with payout rules. Which again, mentions 3-4 Qt payout, guess what happens when you message them back or ask detailed questions... you guessed it, nothing! Would highly recommend to stay away from this app. Stick to traditional investing apps like robinhood, acorns and stash. Stay away from this garbage because it stinks.
Developer Response ,
Thank you for reaching out to us with your concerns and we really appreciate your feedback. Our messages are not automated, and though we do share the same tables and information regarding royalty collection with a large number of people, we respond to each request personally. It appears that your last email us to was closed by mistake before your last response was received, causing it to miss our Support inbox. I've requested that a member of their team follow up with you as soon as possible. Generally, if a purchase from Q4 2018 has not yet accrued a balance, it will be because the song's performance has not yet reached the minimal payable threshold set by its PRO for the given percentage owned by Vezt. If you have questions about your royalties for a specific ISO, you may also contact email@example.com, but we'll be reaching out to make sure you're in-the-loop either way.
Thank you again and we look forward to improving upon this for you.
It’s a scam!!! HORRIBLE. Do not try, they take your money
I’ve had vezt for about a year now, when you purchase rights they give you an email saying they will be collecting and distributing payments to users on a quarterly basis. This means you can expect to receive a royalty statement (if payable) on or around February 14th, May 15th, August 14th and November 14th of each year during the term of your agreement”. Yet for a whole year I have not received 1 notification from them since, not an email, not a call NOTHING. My profile hasn’t even updated since then haha, it actually shows 2018 stats that should not be there. If these aren’t signs of a terrible company/app then I don’t know what is. The AppStore should not allow apps like these that show nothing for their customers to be allowed to take money. Their customer support is non existent and will
Only send you an email telling your an agent will get with you but that is just BS. I will be taking further action..guarantee it.
If you want to invest in something meanwhile, do something other than this app!!!!
Developer Response ,
We're very sorry to hear this. We realize that royalty collections and distributions are not commonly understood, and we will do our best to clarify the situation for your case, in particular. We have been updating our user experience continuously - and would like to reach out to you personally. Our Head of Support has been alerted to watch for your name, if you send an email to firstname.lastname@example.org, so that we may contact you personally and directly to resolve this matter as soon as possible. Thank you -
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