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What does Music have to do with NFTs?

Major record labels have generated massive profits from previous structures of creative industries, but NFTs can transfer power to the artists.

While major record labels are thriving in the era of online music streaming, musicians aren’t as lucky. Since most artists only make a fraction of a penny per stream, musicians have started experimenting with non-fungible tokens (NFTs) to gain a larger share of the pie. Could NFTs usher in a new era of artist empowerment in the music industry? Forkast explores what’s on the horizon.

What you’ll learn:

  • How NFTs revolutionize the music industry
  • How NFTs offer musicians a larger share of the revenue and more artist empowerment
  • How NFTs assure the legitimacy and authenticity of content for fans
  • What artists can package in their exclusive NFT collections