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The metaverse is becoming a destination for more brands, companies and communities to connect. A study from December 2022 revealed that 69% of users believe metaverse entertainment will reshape social life. Recently, the legacy music and arts festival Woodstock, known for being the most famous of the 1960s rock festivals, announced
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Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can and will be a part of their lives. Many developers are seeking ways to bridge
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The music industry has not shied away from its keenness on adopting Web3 solutions. From nonfungible tokens (NFTs) helping artists connect with their communities to blockchain being used for various use cases including event ticketing.Another relevant implementation of the technology to be considered by industry insiders is how Web3 tools
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Place/Date: - December 23rd, 2022 at 7:39 pm UTC · 3 min read Source: Ultraverse City The future of music in the metaverse is not yet clear. Artists need to find a way to make their music stand out and get noticed in this new environment.Some artists
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Both artists and the public are seeing the benefits of joining the ecosystem – the Web3 decentralized character allows for user input and ownership.Music is now one of the many areas that NFT adoption is sweeping over. More musicians, DJs, and vocalists are using blockchain technology every day. NFTs, or
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Both Aoki and Blau have been influential in combining NFTs and music through their respective projects. Blau previously released an NFT album series titled "Ultraviolet," which raked in a record $11 million, and launched music royalty platform Royal in May 2021. Aoki has released several successful NFT collections, including the
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Electronic music is big business. According to a report by the International Music Summit, in 2021, the electronic music sector was valued at $6 billion dollars and that sector is poised for significant further growth. That $6 billion dollar figure marks a 71% increase from the industry’s valuation in 2020,
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Okay, first things first. The basics. Creating (a.k.a. minting) an NFT is not a taxable event. If you create an NFT (a 1:1 or a 10K-strong collection) and no one buys it or trades it, you will not be taxed. So you can rest assured that your decision to tokenize
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Nonfungible tokens (NFTs) are stepping into the next wave of Web3 with utility capabilities and community building at the forefront. A new collection from the Mint NFT marketplace and metaverse entertainment platform Animal Concerts does this across the musical genre spectrum, as well as blockchain networks. The collection, “A Hard Working
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So far, Decentraland has secured over 100 artists, including rock legend Ozzy Osbourne, electronic DJ Dillon Francis and rapper Soulja Boy. It is also partnering with a handful of brands including metal festival Ozzfest, NFT music platform Limewire, AR metaverse platform OVER and others to host stages and sponsor experiences
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