Nft (non Fungible Tokens) To Revolutionize Music Biz |
) Basically any artist with any kind of serious gravity/traction, can create an NFT and bam it instantly has value. They can the sell this NFT to a an. Fans can, of courses, bit on them. There is no ceiling in terms of price. If a popular artist creates an NFT of a song they are working on, and promises that whoever buys it will be featured on the track when it is released to the public, for example, that NFT has a LOT of value for fans. This is just one example. The NFT is going to have a huge impact on the music industry. This video breaks it down.
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Apr 12 2021, 08:31 AM
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Lets hope this will be helpful for the musicans, and also not become a bubble.
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The only musicians that seems to have the gravity to make it work are the same ones forcing it up to "bubble" status. Meanwhile, smaller acts/names, can't generate enough heat to make an NFT viable. Best of all, it's so new there are no firm laws on the issue. 
 
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