The music industry has proven to be one of the most sensitive niches to the evolution of the internet. How will it adapt its business model to the new upcoming changes derived from Web3?
Rapper Nas with his daughter Destiny Jones. Source: From The Stagethat the platform aims to “empower artists to maintain control over their work” while providing fuel for their careers. Blau also believes that by co-owning music, fans “establish a deeper connection” and help them be independent when it comes to creativity.A project called Squad of Knights lets its NFT owners form six-person squads, with each person assigned their own roles in the music production process.
, “Finding people to work with is tough. Finding the right people to work with is even tougher.” He noted that the project aims to bring producers, engineers, music artists and managers together, both within the real world and the Metaverse.Solana-based streaming platform Audius provides an array of. The platform works with metaverses like Portals to give music to their users.
In an interview with Cointelegraph, Roneil Rumburg, co-founder and CEO of Audius, said that the platform is a “decentralized repository of content with clearly defined rights so third-party developers can pull from the platform’s catalog without any issues.”
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