Record music streaming profits highlight how NFTs will empower content creators
The music sector hit record revenues at $25.9 billion in 2021, which amounts to an 18.5% growth from 2020, according to IFPI’s “Global Music Report.” Of these nearly $26 billion, streaming drove the bulk of the growth, with a 24.3% increase relative to 2020. These patterns constitute great news for the emerging class of NFT musicians and […]
Music NFTs are the natural progression of the NFT’s
Beeple’s $69 million sale at Christie’s by artist Mike Winkelmann sold for $69 million sale at Christie’s. Others are not to far behind with. The highest legitimate sale for a CryptoPunk NFT selling for $11.7 million. While such numbers were unfathomable just a few months ago, investors have taken to NFT’s like Elon Musk has taken to Doge. While […]
NFT Guide: Why They Matter For Music?
In today’s digital age, the amount of music available to the masses has increased exponentially. For many artists, this exhibits more competition for their time and resources and can be a challenge. But one way to bridge that gap is through NFT Music (Non-Fungible Tokens). What Are NFTs? NFTs are a new kind of cryptocurrency. […]
How Musicians Are Using NFTs To Replace Touring Revenue.
Musicians are using NFTs to replace touring revenue, which is a huge problem in the music industry. The traditional methods of touring and album sales are not sustainable, and high-ticket prices have created challenges in the industry. In response to these problems, musicians using NFTs have increased in aggravated numbers as a solution. The most […]