NFTs are a game changer for independent artists and musicians
The high value and unique rewards system that nonfungible tokens offer is a revolutionary and highly appealing opportunity for musicians. The revolution will not be televised — it will be minted. Earlier this year, we saw the meteoric rise (and fall) of nonfungible tokens, or NFTs, in mainstream media and popular culture. We all heard about them, but was the hype real? Top businessmen and media moguls, such as Mark Cuban and Gary Vee, still strongly advocate NFT use and the role smart contracts will play in the near future, while each week new NFT exchanges and drops continue to roll out.....
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From painters to digital artists to musicians, crypto continues to find integration across artistic mediums. Music continues to be a field that is ripe for revitalization, from a business standpoint. Accordingly, a number of different musicians have been releasing songs and albums as NFTs. Now, we have what’s being reported as the first official record […]
The platform explores the possibilities to "improve artists' and fan experiences," conveying the survey among users. Major music streaming platform Spotify is reportedly testing the option of nonfungible tokens (NFTs) galleries on musicians’ profiles. Should the tests appear successful, the embedment of NFTs would serve to improve artist and fan experiences. Reports surfaced on Friday that Spotify is running a test for select users of the platform's Android app in the United States. These users can see the NFT previews on the artists' profiles. Currently, there are only two such artists,....
From letting fans co-own their favorite artist's music to providing fair earnings for musicians, projects are using blockchain to change the music industry. Music is a tricky business. The industry has its fair share of controversies, from monopolies to the limited earning potential for upcoming artists. While Web2 brought many positive changes, the industry still has a long way. Because of this, projects are trying to utilize blockchain technology to provide new solutions to the age-old music market.In the last ten years, the industry has changed drastically because of the internet and....
As the music industry continues to push into the Web3 space getting artists both mainstream and up-and-coming has its hurdles but also major rewards. Musicians and executives alike have seen the power of Web3 tools such as nonfungible tokens (NFTs) to transform audiences into active communities with fewer barriers between artists and fans. Recently, the crypto-savvy Snoop Dogg partnered with country music stars Billy Ray Cyrus and the Avila Brothers to create an NFT experience that crossed genres and created new communities in the process. While Snoop may be a veteran in the space, many....
Does anyone have any idea about the average number of artists in any city at any given point of time? I guess the answer is no. The only artists we know and we recognize are the famous ones. The ones who are signed up with big record labels, have their own gallery and rake in millions of dollars for their artworks. But if we dig deeper the number of independent artists who are trying to make a living in the absence of recognition is way more than we can imagine. Fine arts, be it painting, music, dance and more is left unappreciated by the masses unless it is by someone famous. The main....