MUSIC NFT´S WILL MAKE MILLIONAIRES IN 2022! (MY TOP PROJECTS FOR CRYPTO X MUSIC) #NFT #CRYPTO #MUSIC
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MUSIC NFT´S WILL MAKE MILLIONAIRES IN 2022! (MY TOP PROJECTS FOR CRYPTO X MUSIC) #NFT #CRYPTO #MUSIC |
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Video From Crypto Boulevard |
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This Video Uploaded At 09-01-2022 14:48:24 |
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MUSIC NFT´S WILL MAKE MILLIONAIRES IN 2022! (MY TOP PROJECTS FOR CRYPTO X MUSIC)
More info on Royal: https://royal.io/
More info on Sound: https://www.soundbsc.com/
More info on Audius: https://audius.co/
Timestamps:
0:00 Intro
1:14 Royal
3:54 Sound
5:59 Audius
8:40 My Thoughts
NFT's have been the talk of the crypto community throughout 2021 and we've seen massive interest in profile pictures, metaverse nft's, clothing nft's, crypto gaming with play 2 earn and the list goes on.
One industry that could benefit from NFT's is the music industry. There are stories of unfair recording deals, low royalty payouts from streams to artists, lack of knowledge who the consumers are and the list goes on. There are a few projects out there that are currently targeting some of the issues within the industry.
For example Royal will enable the consumer to own a part of the artists music through Limited Digital Assets (enhanced NFT's), so that the income generated by the streams can be shared with the fans. They will have their first drop Tuesday 11th of January, when 2 singles of Hip Hop Legend Nas will be available on their platform. Own a part of the song, receive a percentage of the royalties.
Sound aims to reward investors with real life experience, for example through real life or virtual concerts, meet & greets, exclusive merchandise, NFT airdrops and so on. They have an NFT marketplace, where you can buy and sell Music NFT's and they are building their app and a streaming platform as well.
Audius has a fully decentralized music streaming platform with about 6 million monthly consumers. It can be the blockchain rival of Spotify. Artists will get 90% of the music revenue, the other 10% goes to the nodes supporting the network. Being built on the Solana blockchain means that there is enough room to grow this platform into a true Goliath!
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