On the opportunity side, NFTs could unlock special album incentives. You could get access to certain live stream. You can get limited edition albums. That's an interesting kind idea of incremental revenue for these players, but a key role for, as we've talked about, for these labels, is also this VC element to it. Imagine if I was a mid-tier artist... See more
"When we look at what happened with streaming, the artists who adopted early and understood how to leverage the streaming platforms in terms of cadence of release, number of releases a year, and how to market those releases through social, sped past artists who were coming from the iTunes download world.We saw a totally streaming native star come o... See more
MusicThe fast-growing ecosystem in the music NFTs is also noticeable. Fan rewards and royalties are two significant differences between Web2.0 and Web3.0 musical collectables.