NFTs Are the Future Framework for Music Royalties: Op-Ed

NFTs Are the Future Framework for Music Royalties: Op-EdCredit: The Music Network

The Music Network

16 days ago

It's high time CMOs start considering how to license publishing rights for musical works as NFTs, explains Revelator CEO Bruno Guez.

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According to industry experts, Non-Fungible Tokens (NFTs) are a revolutionary way for artists to monetize and protect their digital music rights due to their immutable nature in the blockchain. NFTs provide the potential for a new framework that could be used to track music royalties more accurately and reliably than ever before, allowing artists to receive payments for their work in a much more timely and transparent manner. The evolution of NFTs and the blockchain technology behind them could potentially provide a framework for a fair and open digital music ecosystem, revolutionizing the way the music industry works.

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Frequently asked questions

What are NFTs?

NFTs (non-fungible tokens) are digital tokens that represent unique digital assets, such as artwork, music, and other digital media.

How will NFTs help with music royalties?

NFTs can help streamline payment and ownership tracking for music royalties, allowing artists to receive their royalties faster and more efficiently.

What is the Future Framework for Music Royalties?

The Future Framework for Music Royalties is a proposed system of using NFTs to simplify and streamline the process of tracking and distributing royalties for music creators.

What benefits will the Future Framework for Music Royalties bring?

The Future Framework for Music Royalties will provide a more efficient, transparent, and secure process for tracking and distributing music royalties, allowing for faster payments to artists and creators. It will also simplify the process of tracking ownership and usage rights for digital media.

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