MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Will the future of the music industry be NFTs and metaverse concerts?

December 9, 2021
in NFT News
Reading Time: 3 mins read
A A
Will the future of the music industry be NFTs and metaverse concerts?
ShareShareShareShareShare
Bybit

Will record labels and streaming services exist in the future? According to The New York Times, music artists complained about the payment systems in streaming services like Spotify and Apple Music. What if artists could benefit directly from their fans?

The NFT music Royal platform is getting a lot of attention

Two weeks ago, artist-investment platform Royal closed a $55 million Series A funding led by a16z, which also included venture capital Coinbase Ventures, and artists like The Chainsmokers, Kygo, and Disclosure, according to Royal official Twitter.

Royal is an NFT music platform founded by Justin Blau, AKA 3LAU, and JD Ross, the co-founder of Opendoor, where artists give their fans direct ownership of their songs and the possibility of receiving royalties, so if the artist succeeds, the fan also succeeds, it’s an equal distribution of benefits, according to Royal’s website.

Electronic DJ and founder Justin Blau said:

“A true fan might want to own something way earlier than a speculator would even get wind of it. Democratizing access to asset classes is a huge part of crypto’s future.”

Its latest release song is called “WAVEFORM”, which gives its owner 100% of the rights and it is open for bidding right now until December 7 at 6:05 pm CET, according to Royal`s official OpenSea account.

Royal’s first NFT drop was called “Worst Case”, which gave 50% of the ownership to its fans through 333 tokens, launched last October.

Other known blockchain-based music platforms like Opulous and Audius, which have also been growing over the past months.

A new era in music concerts

The traditional way of going to a concert or to a festival is changing. Last October we saw the first two festivals hosted on a metaverse. Decentraland hosted its first Metaverse Festival including performances by top DJs/producers such as Deadmau5 and 3LAU.

Roblox, through a partnership with Insomniac, hosted the Insomniac World Party, which brought the Electric Daisy Carnival to the metaverse, shown in the picture below, including artists like Kaskade, Zedd, Kygo, Alan Walker and many more, according to Roblox´s website.

The adoption of NFTs in the music industry is growing faster every day, from NFT music platforms to metaverse festivals. It would not be a surprise if in the future music concerts or festivals like Coachella, issued their tickets as NFTs.

Posted In: Metaverse, NFTs
Quadency

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

bybit

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Credit: Source link

ShareSendTweetPinShare
Previous Post

Is Palantir A Crypto Play? Why This Investor Says The Stock Should Be ‘Significantly Higher’

Next Post

Elizabeth Holmes Net Worth 2021: Theranos Founder Falls to 0 After Reaching More Than $4.5 Billion

Next Post
Elizabeth Holmes Net Worth 2021: Theranos Founder Falls to 0 After Reaching More Than $4.5 Billion

Elizabeth Holmes Net Worth 2021: Theranos Founder Falls to 0 After Reaching More Than $4.5 Billion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

A Wake-Up Call for Better Crypto Regulations By DailyCoin

A Wake-Up Call for Better Crypto Regulations By DailyCoin

January 26, 2023
GMX Price Rallies 13% Spike As Total Value Locked Reaches Record Highs

GMX Price Rallies 13% Spike As Total Value Locked Reaches Record Highs

January 26, 2023
FTX’s Extensive Creditor List Finally Published

FTX’s Extensive Creditor List Finally Published

January 26, 2023
How Data Leak at one of the major Crypto Exchange makes new

How Data Leak at one of the major Crypto Exchange makes new

January 26, 2023
Maidstone RCMP report more than $570K lost to cryptocurrency scams in 2022

Maidstone RCMP report more than $570K lost to cryptocurrency scams in 2022

January 24, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Hackers Launder $27 Million in Stolen Ethereum From North Korean
  • NFT Collection A.N.I.M.O Price, Stats, and Review
  • Crypto Exchanges Face Uphill Battle for EU Approval

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,737.00 3.09%
  • ethereumEthereum (ETH) $ 1,644.55 4.57%
  • tetherTether (USDT) $ 0.999790 0.05%
  • usd-coinUSD Coin (USDC) $ 0.999549 0.08%
  • bnbBNB (BNB) $ 317.07 3.52%
  • xrpXRP (XRP) $ 0.414429 1.18%
  • binance-usdBinance USD (BUSD) $ 0.999965 0.01%
  • cardanoCardano (ADA) $ 0.397380 3.89%
  • dogecoinDogecoin (DOGE) $ 0.090237 2.43%
  • matic-networkPolygon (MATIC) $ 1.18 2.51%
  • okbOKB (OKB) $ 39.70 0.76%
  • solanaSolana (SOL) $ 26.06 8.61%
  • staked-etherLido Staked Ether (STETH) $ 1,644.05 4.74%
  • polkadotPolkadot (DOT) $ 6.61 3.38%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.17%
  • litecoinLitecoin (LTC) $ 94.83 5.64%
  • avalanche-2Avalanche (AVAX) $ 21.03 2.47%
  • tronTRON (TRX) $ 0.063821 1.02%
  • uniswapUniswap (UNI) $ 6.92 4.49%
  • daiDai (DAI) $ 1.00 0.09%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,709.00 2.99%
  • cosmosCosmos Hub (ATOM) $ 13.81 4.52%
  • the-open-networkToncoin (TON) $ 2.47 1.45%
  • chainlinkChainlink (LINK) $ 7.38 2.43%
  • leo-tokenLEO Token (LEO) $ 3.69 2.85%
  • moneroMonero (XMR) $ 186.09 0.97%
  • ethereum-classicEthereum Classic (ETC) $ 22.74 4.75%
  • aptosAptos (APT) $ 18.34 2.46%
  • bitcoin-cashBitcoin Cash (BCH) $ 135.88 2.54%
  • stellarStellar (XLM) $ 0.094491 1.77%
  • apecoinApeCoin (APE) $ 6.24 3.57%
  • quant-networkQuant (QNT) $ 151.47 1.26%
  • nearNEAR Protocol (NEAR) $ 2.57 4.11%
  • crypto-com-chainCronos (CRO) $ 0.082482 1.22%
  • filecoinFilecoin (FIL) $ 5.48 3.81%
  • lido-daoLido DAO (LDO) $ 2.30 3.21%
  • algorandAlgorand (ALGO) $ 0.262187 1.75%
  • vechainVeChain (VET) $ 0.024615 1.92%
  • internet-computerInternet Computer (ICP) $ 6.24 2.42%
  • hedera-hashgraphHedera (HBAR) $ 0.069693 3.88%
  • decentralandDecentraland (MANA) $ 0.809411 16.82%
  • axie-infinityAxie Infinity (AXS) $ 12.20 6.84%
  • the-sandboxThe Sandbox (SAND) $ 0.803568 9.21%
  • aaveAave (AAVE) $ 87.64 4.15%
  • fantomFantom (FTM) $ 0.490313 8.9%
  • eosEOS (EOS) $ 1.11 2%
  • flowFlow (FLOW) $ 1.11 5.22%
  • elrond-erd-2MultiversX (EGLD) $ 45.20 1.74%
  • theta-tokenTheta Network (THETA) $ 1.11 3.37%
  • tezosTezos (XTZ) $ 1.16 5.79%