NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts
Spotify and Apple Music reportedly cut 75% from musicians’ revenues together with the cut paid to labels. As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFTs) are likely to help artists grab back their fair share, Saxo Bank predicted.According to one of Saxo Bank’s Outrageous Predictions 2022: Revolution, music creators would benefit from NFT-based streaming platforms as they allow distributing music directly to listeners without centralized middlemen charging a fee. Saxo Bank’s cryptocurrency analyst Mads....
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Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era. The music industry has undergone a massive transformation in recent years. We have seen the advent of the internet leave its mark on music, and most notably, 1999 spelled the coming of Napster. This then-revolutionary peer-to-peer online streaming service defined a whole generation and enabled musicians to share their creations with the world.Streaming has become the dominant format for music today, through Apple, Amazon, Tencent Music and the clear category winner — Spotify.....
Today, music consumption is stronger than ever, but you probably would not be surprised that a great many consumers are turning to subscription-based platforms rather than actually purchasing songs or albums. The bulk of this consumption comes from streaming; companies like Spotify, Pandora and Rhapsody are leading this trend. However, there are many artists that are adding as many of these methods as they can, in order to give their fans more convenient and simple ways to get their hands on new music. Although most of these artists are embracing the use of Spotify and other streaming....
Music and podcast streaming service Spotify posted a job offer that woke up interest in the crypto community, as it’s related to supporting cryptocurrencies for payments on the music platform, potentially. Spotify Is Treading Crypto Waters With a New Job Listing According to the job listing published on the talent acquisition platform Lever, the company is looking for an “Associate Director, Payments Strategy & Innovation” who is expected to bring in new payment strategies. The description of the job role, based in their London offices, details: This role will report to....
The Danish investment bank, Saxo Bank predicts Donald Trump's administration to turn out to be good for Bitcoin. Until a couple of days ago, the popular cryptocurrency bitcoin has been having a great run. The cryptocurrency’s price crossed $1100 mark and held steady for a couple of days before falling down to $827. But this may be temporary according to Saxo Bank. The Danish investment bank, in a report last month predicted that the value of Bitcoin is going to rise above $2000. The rise in price is expected to take effect after Donald Trump assumes charge of the White House as the 45th....
Leading multi-asset trading and investment expert, Saxo Bank Group, has predicted that the Bitcoin price will see new all time highs in 2017 as part of its annual “Top 10 Outrageous Predictions.” Investors Will Seek ‘Cryptocurrency Alternatives’. Saxo Bank has shared its annual ‘outrageous’ finance-related predictions for 2017. The the online multi-asset trading and investment specialist, which correctly predicted Brexit in 2014, believes Bitcoin will see “huge gains” next year. “Under President Trump the US fiscal spending increases the US budget deficit from $600 billion to $1.2-1.8....