How does NFT integrating with Music Industry_..

1. How does NFT integrating with Music Industry? A recent news headline: Rock group Kings of Leon became the primary band to release an album as an NFT. It justifies the expanding opportunities for the music industry's crypto market. NFTs are undoubtedly a buzzy new topic in the music industry. NFT art marketplaces have emerged at a rapid pace in the market, creating multiple opportunities. The non-fungible tokens earned nearly 22 million dollars within the music industry in February 2021, consistent with data collected by Water & Music. NFTs are highly conceptual and unique, but it is understandable once you study them thoroughly. The Bloom of NFTs in the Music Industry Non-fungible tokens are everywhere immediately, from the NBA to Taco Bell, and artists like Grimes, Yaeji, and Toro Y Moi are testing the waters. ● Grimes sold a set of visual art for over $6 million ● 3LAU, and EDM musician, made $11 million by selling an album as 33 individual NFTs

2. ● Mike Shinoda of Linkin Park has sold several multimedia pieces through the NFT marketplace, Zora. The website XLR8R announced a fanatical marketplace for music NFTs earlier in the week. There’s a burgeoning industry of best NFT art marketplace looking to bring these collectibles to the masses. Is NFT Trend Beneficial for the Music Industry? The main question here is: How is the NFT ecosystem beneficial for the music industry? Fortunately, the music industry has already benefited from the proliferation of NFTs. This section will cover some current samples of musicians utilizing NFTs. Following headlines will convince you regarding the benefits of the non-fungible token and music incorporation.

3. ●Jacques Greene Sells The Rights to His Song as an NFT Jacques Greene, the Canadian electronic music artist, has announced that he finished a “pretty bad publishing deal” on Twitter. After that, Greene was elected as an independent artist to sell the rights to his upcoming song as an NFT. He got $23,000 for selling the song rights. If the song becomes extremely popular, the worth of that NFT will increase. The song's ownership rights are digitized and became an NFT that can be freely traded on the blockchain platform. Now, the NFT of Greene’s song doesn't have any distribution or royalty stipulations. But that doesn’t mean it’s impossible – Greene elected not to include revenue or royalties within the NFT. ●3LAU Creates an NFT Platform Justin David Blau, also known as 3LAU, is a relatively famous American EDM artist and emerging NFT industry pioneer. 3LAU has stated to release NFTs before 2021. However, he received substantial public attention when he decided to release 33 vinyl NFTs on the 3rd anniversary of the launch of his best-selling album – Ultraviolet. He has also announced that building his own NFT marketplace permits him to sell the digital assets. Even better is that the Non fungible tokens are pretty much just a digital token – the digital asset owner will receive unreleased songs, meatspace vinyl, and therefore the opportunity to make a song with 3LAU. You can consider 3LAU’s NFT as an extreme value add for the otherwise commodified music. Artists like 3LAU have realized that there's a whole marketplace for quite just music. ●Music NFTs Platform: Catalog Not everyone is capable of creating their own NFT art marketplace like 3LAU to sell their NFTs. This concept is simply unrealistic for artists without financial security.

4. The Catalog is the solution for such artists. This platform is built for musicians to make their own NFTs by creating a verifiable NFT for their music. The artists have the power to charge an artist fee at the time of pressing. This fee means they collect a percentage whenever the NFT is sold after the first release. ●NFT Streaming Platform: Audilus Audilus is based on Ethereum protocol and is simply another streaming platform with – an excellent feature. The strategy behind the popularity of the Audilus platform is the platform backend. Audlius encourages musicians to upload their music to nodes on the Ethereum blockchain. The platform then uses these nodes to make a streaming platform on the Internet. That’s just the start: the exciting part is monetization. Audilus has the potential to vary with the monetization options available as it’s on the blockchain. The music lives forever on the platform with or without Audilus, and anyone can immediately create an alternate “skin” for Audilus. Such a decentralized approach would essentially destroy other music streaming options. Why Should Someone Invest in a Music NFT? It is a particularly new industry, which means more misconceptions about the crypto ecosystem's flow. Music NFT is even more valuable because of multiple reasons. The first one is that the non-fungible token features a much larger audience than an ingenious studio vinyl. Imagine a hyper-realistic computer game (VR) as the other reason for music NFT to be more valuable than a meatspace vinyl.

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