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Cryptocurrency News

NFTs democratize music industry and redistribute song rights

08/20/2022

Less than a minute

2022.08.20 00:29

The music industry continues to find inventive ways to integrate decentralized technology into new releases to benefit both artists and their fans.

Electronic dance music (EDM) artist R3HAB and blockchain-based music community anotherblock released a single on Aug. 19 with the idea of “democratizing music rights.” The nonfungible token (NFT) included in the drop allows holders to earn royalties based on streaming popularity.

Source

08/20/2022

Less than a minute