The dog eat dog world of the music industry sees even huge acts like Taylor Swift getting ripped off. Can tokenizing music royalties offer artists a fairer deal? (Via CointelegraphZN)
So, what do fans gain from musicians tokenizing their royalties? The most obvious answer is that they can more directly support their favorite artists and get some “skin in the game.” The better a song performs, the more money fans can potentially make.
This aspect has also been embraced by platforms such as Sound, which recently raised $20 million in a Series A funding round that included the participation of rapper and crypto connoisseur Snoop Dogg. Projects like Sound and Infanity let artists mint limited-edition music NFTs tied to new music releases, allowing fans to directly support them in exchange for perks like exclusive meet-and-greets and VIP concert tickets.
“The fans and the investors who are actually acquiring these pieces of catalogs, they are not lost in the process.”For all of the promises of Web3, the traditional music industry remains very much off-chain. As Royal’s Blau puts it, “It’s impossible to expect the world to just flip a switch and move everything on the blockchain.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paul Rudd Cameos in Fan's Music Video After Meeting At Taylor Swift ConcertThe Ant Man star made an appearance in Claud's music video after the young indie musician approached him at a Taylor Swift concert.
Read more »
Marcus Mumford, Maggie Rogers Hit the Range and Cover Taylor Swift's 'Cowboy Like Me'Watch marcusmumford's rendition of Taylor Swift's “Cowboy Like Me,” featuring maggierogers.
Read more »
Tomi Lahren argues Taylor Swift is 'better qualified' to run US economy than BidenTaylor Swift could 'solve a lot of the problems' facing the U.S. economy, OutKick's Tomi Lahren says, as the pop superstar could generate more than $4 billion on tour.
Read more »
It's official: Taylor Swift has more No. 1 albums than any woman in historyCongratulations are in order for Taylor Swift and her loyal fans, known as Swifties. The pop star officially has more No. 1 albums than any woman in history.“Sp
Read more »
Taylor Swift's re-recorded album 'Speak Now' debuts at No. 1Taylor Swift is dominating the Billboard 200 charts. Her re-recorded album 'Speak Now (Taylor's Version)' debuted at No. 1, marking the biggest week for any album this year, according to Billboard.
Read more »
Taylor Swift is still somehow finding new records to breakWith Speak Now (Taylor's Version), Taylor Swift is starting to break chart and sales records that sound, frankly, made up
Read more »