Non-fungible tokens (or NFTs) have exploded in popularity, with everything from digital artwork to basketball highlights being minted to the blockchain. It’s exciting and full of promise and opport…
by your favorite stars, music remains central to new digital experiences, and labels and artists are seizing opportunities at the very edge of the digital frontier.
But none of this would be possible without clear and strong rules and a way to ensure artists and all creators are paid for their work. Record companies, artists, songwriters, publishers, and digital music services have collaborated to create a robust ever-evolving streaming ecosystem where fans can access all the music they want and more from properly licensed services. The same thing is possible with NFTs. We can have a marketplace of licensed music-related NFTs that delivers a new revenue stream for creators while giving fans another way to connect with and support their favorite artists.
As “Web3” gives us new ways to connect with each other and move physical experiences online, we have to remember that behind every piece of art is an artist. Behind every note played is a musician.
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