KATY PERRY ALL SONGS LIST YOUTUBE HOW TO
How are you supposed to learn how to use blockchain? How can you know if your music is worth millions of dollars?Įnter RCRDSHP, an online collectable market that uses NFT technology to sell artists work directly to consumers, without having to read up on the crypto jargon. Though publicity stunts from artists like 3LAU, who famously made $11.6 million through selling his music as NFTs, make the concept appealing - it is also intimidating for artists who are just coming through. So what's the downside? well, NFTs have had a bad rap. Read this next: Is digitisation the way forward for our music collections? Selling NFTs for artists means being able to make money directly from music and content, marketing themselves to brand new fanbases and ending sole reliance on in-person gigs. This year it was reported in Spotify's top 0.8% of artists, the majority were making under 36k a year from the platform - a reality that has led to most musicians using streaming services as more of an advertising tool than a viable method of income. The ability to directly attribute ownership to music and collectables via blockchain technology is an alluring concept for artists who can rarely make revenue from streaming.
For some, this was through using platforms like TikTok, designing new merch or producing at-home streams – for others, it meant looking toward the uses of new technology like NFTs. As the income from touring subsided during the pandemic, many musicians were forced to get creative to find new ways to connect with their audiences.
0 kommentar(er)
