Crypto and the Future of Music: How Blockchain is Revolutionizing the Industry
Crypto and the Future of Music: How Blockchain is Revolutionizing the Industry! The music industry has long been dominated by intermediaries—record labels, streaming platforms, and distributors—who often take a significant portion of an artist’s earnings. However, blockchain technology is changing the game, empowering musicians with more control over their work, creating innovative revenue models, and fostering direct engagement with fans. Decentralization and Artist Empowerment Traditionally, artists earn only a fraction of the revenue generated by their music due to complex contracts and industry gatekeepers. Blockchain introduces a decentralized approach where musicians can tokenize their work as non-fungible tokens (NFTs) , allowing them to sell directly to fans. This means no middlemen, no excessive fees, and a fairer share of earnings for creators. NFTs: Ownership, Royalties, and Exclusive Content NFTs have revolutionized music distribution. By minting music as NFTs, artists can:...