manaliKnowledge Contributor
What is "NFT music" and how is it revolutionizing the music industry?
What is "NFT music" and how is it revolutionizing the music industry?
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NFT music refers to music tracks, albums, or even concert tickets sold as non-fungible tokens (NFTs). These digital assets allow artists to directly sell their music to fans, often including exclusive perks like access to private performances, behind-the-scenes content, or ownership of rare editions of songs. This model is revolutionizing the music industry by offering musicians new ways to monetize their work, reduce reliance on intermediaries like streaming services, and create more direct connections with their audience. It’s also allowing fans to own and resell music in digital form, potentially creating new markets and opportunities for both creators and listeners.