NFTs Are Empowering Recording Artists

Blockchain is quickly becoming the innovative energy industry insiders have been promising. The number of projects and artists giving their works using it as a core technology is slowly changing the current economic model.

Non-fungible tokens, or NFTs, allow independent artists to earn income without the need for a label. On top of that, they can freely engage with their fan base.

3LAU, an electronic dance music producer, sold more than $11 million worth of tokens redeemable for real-world goods. Paul Oakenfold announced that he would be launching a tokenized album on the Cardano blockchain.

Animal Concerts CEO Colin Fitzpatrick said “We are at the apex of several emerging technologies, streaming, VR, metaverses and NFTs and well positioned to capitalize on this as the only one bringing it all together in one place.”