Music NFTs Are Taking Over 2022 – And Here’s Why
(This is a three-part deep dive into the current state of the world’s music NFT industry and how it is making an impact on society) Last year, we’ve seen NFTs sweep the music industry once the COVID-19 pandemic entirely cut off musicians from their primary sources of income. Without any live shows, concerts, and CD […]
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Music industry experts and leading musicians discussed and showcased NFTs at the 2022 Grammys. The billion-dollar music industry has shown recent interest in nonfungible tokens (NFTs) as musicians everywhere are beginning to understand the power of moving away from centralized business models. This concept is currently being demonstrated by early innovators like the popular rapper Snoop Dogg, who recently acquired Death Row Records with plans to transform the company into the first NFT recording label in the Metaverse. Country music icon Dolly Parton also recently launched her first NFT....
Cointelegraph spoke with NFT musicians and Web3 music industry natives to understand what came first: the music or the desire to make an NFT. Music-related use cases for Web3 technologies are piling up as the industry goes all in on adoption. From democratizing song rights royalties and blockchain licensing to legacy companies like Sony Entertainment filing patents for nonfungible token- (NFT)-authenticated music.While electronic dance music and pop seem to be picking up the most attention in terms of NFT music, they’re even making a difference in more traditional areas like opera.Just....
NFTs must evolve beyond PFPs and the Metaverse to stay relevant in 2022, and Monstercat CEO Mike Darlington explains that music may be next. Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility?Music NFTs are relatively new to the scene and cannot be pinned down by one definition. At the most basic level, however, they are verifiable digital collectibles, with a core component being the integration of a song.One of the first collections was “Audioglyphs,” which cemented....
The new trademark application covers video recordings, text, artwork, and audio featuring live music authenticated by NFTs. American music giant Sony Music Entertainment has signaled intentions to utilize non-fungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo. According to an Aug. 30 trademark application to the United States Patent and Trademark Office (USPTO) shared by trademark attorney Mike Kondoudis on Sept. 6, the application covers "audio and video recordings featuring live musical performances authenticated by....
Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with NFT Steez about the future of Web3 and music NFTs. According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week's episode of NFT Steez, a bi-weekly Twitter Space hosted by Cointelegraph analysts, both Darlington and Udell agreed that the future will be bright for crypto and especially for music NFTs. During the interview, Darlington and Udell explained the....