Web3 And The Future Of Music

Streaming music providers make it simpler than ever for musicians to search out an viewers and get their songs heard. Nevertheless, they’ve additionally made it more durable for musicians to earn a residing. Providers like Spotify and Apple Music usually pay artists lower than one cent per stream. Which means that until you’re Taylor Swift or Ed Sheeran and pulling in tens of millions of listeners, the rockstar life-style you dreamed of is unlikely to be inside attain.

In reality, even with the ability to give up the day job and

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How Web3 and DAOs could be a blessing for the music business

The music business is altering. Income from recorded music gross sales has been evolving for over a decade by means of streaming, and the development reveals no signal of reversing. Though as a macro development the accessibility of streaming is constructive, it gives a income pool that’s much less accessible to undiscovered, underground, and area of interest artists with out a full-scale workforce behind them.

This drawback shouldn’t be distinctive to the music business; it’s symptomatic of a extra vital development in the direction of disintermediation, through which customers are more and more getting their content material and providers straight

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