Spotify and Apple Music reportedly cut 75% from musicians’ revenues together with the cut paid to labels. As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFT) will likely help artists grab back their fair share, Saxo Bank predicted. According to one of Saxo Bank’s “Outrageous Predictions…
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Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era. The music industry has undergone a massive transformation in recent years. We have seen the advent of the internet leave its mark on music, and most notably, 1999 spelled the coming of Napster. This then-revolutionary peer-to-peer online streaming…
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Main investors include VC giant Andreessen Horowitz, in addition to musical artists The Chainsmokers, Nas, and Disclosure. On-chain music platform Royal has announced a Series A funding round led by venture capital giant Andreessen Horowitz. Royal allows fans to buy music rights via nonfungible tokens (NFTs). Its co-founders, entrepreneur JD Ross and DJ Justin Blau…
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This week Universal Music Group, the Dutch–American multinational music corporation announced the formation of a non-fungible token (NFT) metaverse music group called Kingship, which features four Bored Ape Yacht Club (BAYC) NFTs. Following the announcement, the hit record producer Timbaland revealed the creation of a metaverse-based entertainment company called Ape-In Productions (AIP), which will also…
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The digital metaverse band KINGSHIP will include four cartoon members from the Bored Ape Yacht Club NFT collection, and share the same manager as Snoop Dogg. A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the next big hit in the music…
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The Grammy Awards will be accompanied by exclusive NFT drops for the foreseeable future. The Recording Academy and OneOf, a green nonfungible token (NFT) marketplace backed by legendary record producer Quincy Jones, have announced an exclusive partnership centered around the next three years of Grammy Awards in an unsigned statement on the Grammys website. Details on…
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Nonfungible tokens will become a critical component of all brands’ marketing and digital strategy initiatives — and even more. Earlier this summer, CNN and The New York Times each warned that the nonfungible token (NFT) bubble, fueled by buzz over eye-popping valuations for digital art and interest from collectors, might already be bursting. As the…
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One project claims to be bringing together “streaming, VR, metaverses and NFTs” into one platform for music fan engagement and some degree of control. Blockchain is rapidly becoming the innovative force industry insiders have been promising for years. The number of projects and artists offering their works using it as a core technology may be…
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Increased use of cross-chain bridges and sizeable investments from a variety of venture capital firms are boosting the price of AVAX, CELR and AUDIO. Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors’ attention. Top 7 coins with…
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The market for nonfungible tokens, or NFTs, has grown exponentially over the past year. Now, users of Audius will be able to feature NFTs from the Solana ecosystem in addition to Ethereum. Blockchain-based music streaming platform Audius announced Thursday that it had launched full Solana NFT integration, allowing its more than six million users to…
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