Shawn Fanning's SnoCap set to open it's virtual doors Napster founder, Shawn Fanning's lates venture SnoCap is set to open up it's digital registry of music today (Monday). If you don't know what SnoCap is, here's how it works:

Each song has its digital 'fingerprint' determined and entered into a database. Then when users share a song, Snocap checks the database for the associated copyright information and enforces whatever usage rules the owner has assigned. This will allow music retailers and P2P networks to offer a massive library of legal content without having to maintain relationships with each individual copyright holder, according to Fanning.

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