the music industry
Blockchain and smart contracts could make it possible to pay money owed to holders instantly and autonomously. Until now, payments can take several months to reach recipients. It would also be possible to define usage rights in advance.
The low transaction costs of certain blockchains could also allow the implementation of micropayments
Payments sent to the wrong recipient? Income that is never received? Blockchain is a solution that provides transparency and the possibility of obtaining clear monitoring of all financial flows.
As streaming has become the primary source of income, blockchain adapts perfectly to this new digital air.
Blockchain and more specifically NFTs allow artists to create unique experiences for their listeners. Several uses are possible. For example, it is possible to create music in the form of an NFT that only the holders will be able to listen to.
Then, it is possible to create a (larger) collection and allow the holders to benefit from numerous experiences (meetings, merch, concerts, etc.)
