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NFTs democratize music industry and redistribute song rights

08/20/2022

Less than a minute

2022.08.20 00:29

NFTs democratize music industry and redistribute song rights

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.

08/20/2022

Less than a minute

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