Former Guns N' Roses Drummer Wants to Help Your Local Band

Hey, musicians! Former Guns N' Roses drummer Matt Sorum has co-founded a virtual platform named Artbit that has a goal to help struggling musicians and other artists support themselves by making crypto-currency for their work.

On Artbit, artists will tie performances to "virtual stages," which enables fans to watch and interact with them, as well as  contribute to the artists using crypto-currency. How wild is that?

"Before I had any recognition as a musician, I was roaming back alleys in Hollywood, playing any gig I could get, sleeping on couches and surviving off Top Ramen," Sorum said in a statement. "Today, getting recognition is easier, but getting paid is even harder. With Artbit, we're giving power back to the fans to tell the world who deserves attention, and we're giving a platform to artists to turn their dreams into a paying reality."

For more on Artbit, head to their website. XO