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AAX Trends

Liberating Artists with Music NFTs

Liberating Artists with Music NFTs

News & Insights

15 Aug 2022

In this report, we will explore how artists are empowered with Web3 tools to own and distribute their music, customize fan engagement, and seek funding directly from supporters.

The music industry is notoriously harsh on artists. From the early days of aristocratic patronage to signing record labels nowadays, artists have always received the short end of the stick when it comes to monetizing their creativity and hard work. In fact, ever since the emergence of music streaming, the odds of making a decent music career have become so hard for small-time artists that many are using alternative means to publish and sell their music.

To understand why this industry is ripe for disruption, it is necessary to uncover the systemic struggles that artists face in order to fully appreciate the value of self-sovereign, transparent, and programmable music. In this report, we will explore how artists are empowered with Web3 tools to own and distribute their music, customize fan engagement, and seek funding directly from supporters.

Liberating artists with NFTs

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