How NFT create opportunity in the Music Industry

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1 min read

The NFT world is rapidly changing. The way of artists and musicians earned is revolutionized as their work can be sold as NFT. The Non-Fungible Tokens enable the artist to register their copyrights and each project has its personality and uniqueness.

A recording company can manage one single asset and offer authentic multiple limited copies. And users can buy copies to support their favorite idol. To illustrate, a musician can simply record one album that contained several songs and digital assets. Each song can be distributed to million copies with a license. Whenever there is a music festival, radio broadcasting, or other advertisements, the license can only be played according to the number of licenses owned.

In the film industry, it has to be played originally without any remix unless further permission is given by the license owner. The practice of NFT is to give transparency and originality to the blockchain.