NFTs democratize music industry and redistribute song rights

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Could you earn royalties by listening to your favorite songs? A new NFT initiative will make that a reality.

into new releases to benefit both artists and their fans.

The single, “Weekend on a Tuesday,” debuted bundled with an exclusive NFT. Each of the 250 NFTs available entitles the holder to a 0.02% share in the streaming revenue. Anotherblock’s platform provides a value tracking tool so holders can estimate payouts and overall value.through extra exclusives tied to the NFT. Typically, extras include artwork, additional music or behind-the-scenes material.

“Music rights’ value is created by people loving and listening to the music, and doing things with it. Why shouldn't [they] be able to own rights if they create the value by listening to it. They should be able to get some of the upside as well.”from primarily record labels and music catalogs to include more of the artists themselves and also the fans can be looked at as a"democratization" of the music industry.

This is where I got the confirmation to dive into the NFT space and provide my fans with this opportunity.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Answer - no

Why influencers hide this

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines