NFT effects on the music industry

NFT effects on the music industry

Messari @MessariCrypto:
1/ NFTs will restructure the music industry as a whole, first by altering how music is created and consumed.

Various collectives have formed to support music in areas such as discovery, production, and distribution.
Messari @MessariCrypto: 1/ NFTs will restructure the music industry as a whole, first by altering how music is created and consumed. Various collectives have formed to support music in areas such as discovery, production, and distribution.
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Messari @MessariCrypto:
2/ There are a few primary music NFT markets to highlight: @catalogworks, @songcamp_, @mintsongs, & @soundxyz_.

@soundxyz_ is quickly approaching $1M in total secondary volume.
Messari @MessariCrypto: 2/ There are a few primary music NFT markets to highlight: @catalogworks, @songcamp_, @mintsongs, & @soundxyz_. @soundxyz_ is quickly approaching $1M in total secondary volume.
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Messari @MessariCrypto:
3/ We’ve seen art NFT collector DAOs focus on curation and supporting artists in many different ways. 

Under the @tributelabsxyz umbrella, @noisedao hopes to collect music NFTs and curate but also partake in recruitment and artist development (A&R) efforts.
Messari @MessariCrypto: 3/ We’ve seen art NFT collector DAOs focus on curation and supporting artists in many different ways. Under the @tributelabsxyz umbrella, @noisedao hopes to collect music NFTs and curate but also partake in recruitment and artist development (A&R) efforts.
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Messari @MessariCrypto:
4/ Streaming services often payout artists very meagerly, with top artists benefitting the most.

@AudiusProject, a Web3 streaming platform, pays out almost $0.35 per stream due to their token $AUDIO structure.
Messari @MessariCrypto: 4/ Streaming services often payout artists very meagerly, with top artists benefitting the most. @AudiusProject, a Web3 streaming platform, pays out almost $0.35 per stream due to their token $AUDIO structure.
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Messari @MessariCrypto:
5/ In the new, improved music industry, we’ll see artists regain power to control their art and revenue streams and share it with their consumers, their fans.

Learn more about Music NFTs in this Pro article from 
@eshita.

https://t.co/wl0yeSHXz2
Messari @MessariCrypto: 5/ In the new, improved music industry, we’ll see artists regain power to control their art and revenue streams and share it with their consumers, their fans. Learn more about Music NFTs in this Pro article from @eshita. https://t.co/wl0yeSHXz2
Messari @MessariCrypto:
6/ Big thanks to @Cooopahtroopa for the landscape graphic!

https://t.co/wl0yeSHXz2
Messari @MessariCrypto: 6/ Big thanks to @Cooopahtroopa for the landscape graphic! https://t.co/wl0yeSHXz2