The music industry has long been governed by a conventional framework that controls the flow of creativity and innovation. Music labels, holding considerable artistic influence, have often directed the careers of artists, determining what they release and the style of…
NFTs and Music Reshaping Artist-Fan Connections and Monetization in a $31.2 Billion Industry
The non-fungible token (NFT) phenomenon, set to exceed $1.6 billion in 2023, is colliding with the robust $31.2 billion global music industry. This fusion is reshaping the landscape, creating a seismic shift in how musicians create, engage, and monetize their…