Blockchain Sports Launches IMBA Spotify Grift
On May 19, 2026, Blockchain Sports revealed its latest project called IMBA.
Pitched as a “decentralized record label,” the project was introduced by founder Dmitrii Saksonov during a May 15 webinar. It involves a new token called IMBA and focuses on AI-generated music tracks.
How IMBA Works
Investors can buy virtual shares in AI-generated music tracks using the IMBA token.
One track can be owned by multiple people. Owners are promised returns through streaming royalties from platforms like Spotify and Apple Music.
The company plans to drive traffic to these tracks using the same audience-growth systems they used for their previous JIGGL music app and Blockchain Sports Arena.
Revenue Model Explained
Saksonov claims that for every 1,000 listeners on Spotify, the track owner earns around $3.
According to their model:
- Reaching 1 million listeners could generate $3,000 in royalties.
- The cost to generate this traffic is only $500.
- They expect traffic to become cheaper as the system grows.
The company plans to release thousands of AI-generated tracks through IMBA.
Artist Revenue Share
Blockchain Sports says it will split streaming revenue 50:50 with artists.
However, no major music artists have publicly confirmed participation in the project.
Concerns and Risks
This model relies heavily on paid traffic and automated promotion, which raises serious red flags.
Streaming platforms have strict rules against artificial streams and bots:
- Spotify warns that using paid services to guarantee streams violates their terms.
- Artificial streams (created by bots) can lead to royalty withholding and track removal.
- Apple Music removed billions of manipulated streams in 2025.
Connection to Daisy Global Investors
Daisy Global investors previously funneled into Blockchain Sports are now being directed toward this IMBA project.
The company presents IMBA as a royalty-generating “machine” that produces fiat income every month.
Previous Failures
This comes after Blockchain Sports’ AI music app JIGGL failed to gain traction.
Critics view IMBA as another unregistered securities offering built on optimistic mathematical projections rather than proven results.
