NFT Music box is set to disrupt Spotify in 2022 - Aliens: AI Crypto News & Markets Updates
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NFT Music box is set to disrupt Spotify in 2022

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BTC Peers

Tue, Dec 07, 2021

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According to Saxo Bank, as popular music streaming services like Spotify slash musicians' earnings, new technologies like nonfungible tokens (NFT) are expected to help artists reclaim their due share.

According to Eberhardt, a seasoned cryptocurrency analyst, the use case for NFTs for content generators in the music industry could prove particularly compelling in the next step for the technology, as musicians feel unfairly treated by current streaming platforms like Spotify and Apple Music's revenue-sharing models.

Related post: Mick Jagger Attempts to Raise Money for Independent Music Venues Via NFTs Traditional streaming platforms like Spotify, on the other hand, have a "bleak" future, according to Saxo Bank.

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