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Web3 has become one of the hottest buzzwords in the music industry, with everyone from independent musicians to major label artists dropping nonfungible token (NFT) collections and throwing concerts in the metaverse. But for many, the actual use cases and potential of these technologies remain shrouded in mystery and confusion.On
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NFTs enable the tokenization of music, which means that the music can be divided into smaller, more manageable parts. This enables artists to monetize specific parts of their music, such as the rights to use a specific beat, the lyrics of a song, or even a single guitar riff. This
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The digitally-augmented space is a key part of Warner Music Group's future plans, its chief Digital Officer Oana Ruxandra said at Consensus 2023. Original Source
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Artificial intelligence (AI) has exploded into popular culture, and the music industry is not immune to its impact. From songwriting and music production to marketing and distribution, AI is revolutionizing all aspects of this beloved art form. The way music is created, consumed and monetized feels as though it is on
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The swift rise of artificial intelligence-generated art has shaken creatives across various industries. While many have highlighted copyright infringement issues involving AI-generated art, not all artists are against the fusion of AI and their intellectual property. According to a tweet from Canadian musician and producer Grimes, she says will treat AI
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Mastercard’s Music Pass NFTs are key to unlocking the Mastercard Artist Accelerator Program, a Web3 platform giving free access to educational materials. Earlier this week on Wednesday, April 12, the popular payments giant Mastercard stated that it will be releasing non-fungible tokens (NFTs) in order to help Web3 musicians access the
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“As a company, we hope to help people and partners around the world better understand and trust how blockchain and digital assets are used – and how our technology can support the ecosystem,” said Rajamannar. “We also believe that Web3 can be a powerful tool in connecting people and building
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A person familiar with the matter revealed that UMG has been sending out requests “left and right” to take out songs generated by AI. As artificial intelligence (AI) content is on the rise, Universal Music Group (UMG) has ordered music streaming platforms to block AI-generated music. Since the launch of OpenAI’s
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A new game aimed at reviving the nostalgia of pirating music with the added bonus of crypto rewards has been launched by the former peer-to-peer file-sharing platform turned nonfungible token (NFT) marketplace LimeWire.On April 13, the historic music-downloading platform, wildly popular in the early 2000s was revived and turned to
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The collection features 3,003 NFTs, and is slated to launch on April 14th. An unreleased recording of the late English singer-songwriter, David Bowie, is set to debut as a music NFT. According to a Decrypt report, Gala Music has teamed up with music producer Larry Dvoskin and publisher Warner-Chappell Music to
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