How Audio NFTs Can Change The Music Industry Forever
NFTs have been on a tear this year. Last month, the market saw record highs and markets like OpenSea have been experiencing unprecedented volume. The perpetual question surrounding nearly every aspect of crypto is… “so where do we go next?” Many believe that audio NFTs could be a largely untapped area to date. While “collecting […]
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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....
(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 […]
Sony Music is preparing to venture into NFTs as the firm filed trademark applications for audio and video recordings. In this week’s newsletter, read about how Sony Music Entertainment is preparing to venture into nonfungible tokens (NFTs). Check out how car manufacturer Ford is on the way to entering the Metaverse and how coffee chain Starbucks plans to launch NFT rewards through a program called Starbucks Odyssey. In other news, learn about how the Japanese government used NFTs to reward public servants who excelled in using digital technology to provide local solutions. And, don’t....
Audius price hit a new all-time high after the decentralized music streaming platform surpassed 3 million active users and developers hinted at future NFT integrations. As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today's most used technologies is bound to increase. This means that it's only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place. Audius (AUDIO) is one project that is chasing the first-mover advantage in the music streaming sector. The music-sharing and....