Musicians Are Making Big Money From NFTs. Can They Challenge the Music Industry?

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Independent musicians are making big money from NFTs. Can they challenge the music industry?

—whose songs got millions of plays in 2020—only received a few hundred bucks a month from streaming, requiring him to take on jobs like mixing and mastering other artists’ music to pay the bills.

Hundreds of musicians are following Allan into this world. On Catalog, 140 artists have sold over 350 records for more than $1 million combined. In the digital collective Songcamp, dozens of musicians from across the world are forming teams to crank out music and multimedia creations.

Some artists are raking in unprecedented money from these deep-pocketed fans: the Chicago rapper Ibn Inglor, for example,by selling various opportunities for fans—including shares of his upcoming album’s royalties—as NFTs. But for many artists, equally important to the financial windfall has been the emergence of dedicated fanbases who are coalescing around groups on Discord, the preferred platform for NFT and crypto enthusiasts.

 

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I don't think so 🤣🤣🤣

So they’re making music as one off sales that few can hear? That’s not art that’s capitalism

Wow, Elon bribe y'all to write this too?

There is no music industry since the rise of napster 🏴‍☠️

sarah__lamont

Is this honestly a serious question? Look what they did to streaming.

Probably not.

Yup I'm one happy new may I share my story with you I am a positive hiphop artist for the youth I dont promote drugs or violence in my music Im a season 16 agt contestant and the end of the year I won a gospel stellar award I also started a stem program for autistic kids

Lol no

read all

BoyGeorge You can change the music industry ? independentAlbum

The meta universe is a very beautiful and huge conceptual bubble. It is a transformation made by Facebook when it encountered a crisis.

Worth try,show truth performance.

big money, I can't even pay the wages for washing, sweeping, and washing dishes for 1 month..🤣

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