Today news
About the same in other media
22.12 - 18:07
NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts
Reading now: 623
As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFTs) are likely to help artists grab back their fair share, Saxo Bank predicted.
According to one of Saxo Bank’s Outrageous Predictions 2022: Revolution, music creators would benefit from NFT-based streaming platforms as they allow distributing music directly to listeners without centralized middlemen charging a fee.
Saxo Bank’s cryptocurrency analyst Mads Eberhardt argued that mainstream music streaming platforms like Spotify and Apple Music take a substantial cut, which together with the cut paid to labels is some 75% or more of the total revenue.
“These models don’t guide individual subscribers’ fees to the actual
Read more on cointelegraph.comAbout this in other media
Bitcoin Mining Hash Rate to Double in 2022, Compute North CEO Predicts cryptonews.com /2 years ago
Cointelegraph Consulting: Is NFT music an untapped opportunity? cointelegraph.com /2 years ago
Panther Quant to launch AI based crypto trading and NFT platform economictimes.indiatimes.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
