The unending love story between Web3 and the music industry continues to unfold as another use case involving metadata management surfaces.
Another relevant implementation of the technology to be considered by industry insiders is how Web3 tools can help artists and companies manage music metadata.
In the current Web2 music industry, numerous organizations are dedicated to the management of music metadata, along with its licensing. Though with Web3 developments like NFTs, which canRaso elaborated that metadata is currently delivered by a major label through the industry standard Digital Data Exchange This can create XML files of more than 200MB, which contain information on contributors, artists, commercial and territorial rights and more.
However, Raso says Web3 formats are still in their infancy. Though inevitably, this new technology questions old systems and creates space for the development of new ones.Another example of a new system is a blockchain-based standard in which all parties involved in the creation and licensing would be presented with a single view of a recording or works.
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.
Setting Your B2B Sales Strategy in a DownturnLarge companies (especially in the tech sector) are conducting layoffs and cutting costs. For sales teams selling to clients in cost-cutting mode, this requires new tactics. B2B sellers must recognize that a slow economy creates different kinds of opportunities: that buyers’ time horizons become shorter, their willingness to take the risk of working with a new vendor goes down, and their focus on core, profitable business units go up (making it harder to sell to experimental or peripheral businesses within a larger company). Sellers need to avoid a spread-the-peanut-butter approach and instead concentrate resources on the most promising opportunities.
Read more »
Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchainAbu Dhabi-based Venom Foundation launches a $1 billion investment fund to support Web3 and blockchain projects and companies.
Read more »
Venom Foundation Announces $1 Billion Venture Fund to Support Web3 ProjectsVenom Foundation together with Iceberg Capital, two UAE-regulated blockchain firms, share details of joint investing initiative
Read more »
Bill Gates Pours Cold Water on Web3 and CryptoTech mogul is betting on artificial intelligence instead of Web3
Read more »
Tinder's chief product officer joins web3 gaming studio N3tworkThe studio has also attracted developers from from EA, Kabam, Zynga, Glu and Disney.
Read more »