NFT Music: A New Era Of Performing Songs Has Arrived – Does It Make Tradition...
(This is the conclusion of a three-part deep dive into the current state of the world’s music NFT industry and how it’s making an impact on society) In cultivating their fan community, Allan and Inglot see NFTs as a better alternative to the current system of major music labels. Large music corporations have long dominated […]
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In a testament to the growing mainstream acceptance of bitcoin, members of the music industry have decided to get creative and make up songs about the cryptocurrency. Some have been remaking existing songs to infuse a twist on bitcoin while others are coming up with their own compositions. For instance, in a new twist on Billy Joel's "Uptown Girl" an artist named Naomi Brockwell penned a song called "Bitcoin Girl" which is currently the most viewed bitcoin cover. It even features a music video where she plays a data-mining, Economist-reading modern woman lusted after by a man who's stuck....
Hip-Hop Legend and arguable GOAT Nas sold the rights to two of his songs via a new crypto music platform called Royal. The rapper Nas sold two songs as an NFT; let’s dive into what this means for music rights and cryptos. Related Reading MicroStrategy Is Not Done Buying Bitcoin, CFO Reveals Royal And […]
Music was once scarce. Before the days of MP3 and P2P file sharing, you didn't have the ability to hear songs whenever you wished unless you bought them. Today one does not even need to download songs, as platforms such as VEVO and YouTube host many of the most popular songs of yesterday and today. The industry was faced with a definitive problem in an age of liberal copy and distribution technology: finding new ways to monetize digital music files that lacked scarcity. A gang of computer programmers - united by the Bitcoin technology - are trying to revolutionize an industry after 15....
Bitcoin mainstream adoption is not limited to celebrities endorsing the cryptocurrency via social media or interviews on TV. The music industry is also interested in joining the bandwagon, with an independent publishing company recently enabling bitcoin payments. Bitcoin Adoption Comes in Response to the Requests of Prescription Songs Creators According to Variety, Prescription Songs, founded by Dr. Luke (Lukasz Sebastián Gottwald), is now offering its roster of producers and songwriters the option to send payments in bitcoin (BTC). The feature is possible thanks to a partnership....
Bitcoin startup Bitshares is on a quest to make peer-to-peer music sharing profitable. The company intends to do so through the application of the blockchain technology to music file sharing. Peer-to-peer music file sharing is not a new concept. The original iteration of P2P music sharing, Napster changed music forever through its use. BitShares Music extends the ideas pioneered by bitcoin and Napster into issuing trust-free digital assets. These digital assets have the potential of fluctuating in value through sales of the artist's music. They can also be used to fund the artist and....