'From Labels to NFT: How to Go Viral in a Tokenized Space' by EmilAngervall futureofgaming megafansesports
For DJs, content creators, music producers, rappers, and singers, the internet has been both a blessing and a curse. The internet has given rise to a new breed of musician – the bedroom producer. With the advent of Web 3.0 technology, both newcomers and seasoned creators are discovering new ways to earn money and broadcast their music via innovative platforms. More artists are turning to blockchain to release and monetize their music.
While labels and streaming platforms provide greater exposure, they also take a significant portion of artists' earnings. Furthermore, some creators find it difficult to follow the terms of contracts that labels impose on them. However, emerging artists aren't far behind their more experienced colleagues. I am especially proud of Emery Kelly's case. His fan power helped him raise enough funds in 2021 to release his single "Gotta Know" which will later be included on his album "Some of My Emotions" – using the blockchain as a key element.
You may be wondering how these platforms make money because business is business. These companies do not sign contracts for a specific number of hits and do not own the intellectual rights to the music. As artists share a portion of their earnings after being noticed and supported by fans, a fan-funded model can grow with artist and fan communities of all sizes, with the platforms charging a set fee, known to everyone before, during, and after.
For DJs, content creators, music producers, rappers, and singers, the internet has been both a blessing and a curse. On one hand, it's never been easier to get your music heard by millions of people. On the other hand, it appears that upcoming artists are still finding it difficult to break into the highly competitive industry.
While labels and streaming platforms provide greater exposure, they also take a significant portion of artists' earnings. Furthermore, some creators find it difficult to follow the terms of contracts that labels impose on them. However, emerging artists aren't far behind their more experienced colleagues. I am especially proud of Emery Kelly's case. His fan power helped him raise enough funds in 2021 to release his single "Gotta Know" which will later be included on his album "Some of My Emotions" – using the blockchain as a key element.
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