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As artificial intelligence (AI) continues to be pervasive in global industries, the music industry has been receptive to its transformative capabilities while remaining cautious about the risks to artists. In a recent survey released by the private music studio house Pirate, 53% of respondents said they had “concerns about how their audience
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NFTs provide musicians with new ways to monetize their work, create valuable experiences for their fans, control the distribution of their music, protect their intellectual property, and take advantage of the growing market for NFTs.Are you a musician who has heard all the buzz about NFTs, but you’re feeling a
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The music industry is notorious for short-changing artists. In what has become an all-too-familiar story, a musician creates a song that shapes culture, only to have distributors and middlemen profit from their talent, leaving the original creator with few, if any, royalties. Taylor Swift, indie bands, rappers from the East
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The billion-dollar music industry has shown recent interest in nonfungible tokens (NFTs) as musicians everywhere are beginning to understand the power of moving away from centralized business models. This concept is currently being demonstrated by early innovators like the popular rapper Snoop Dogg, who recently acquired Death Row Records with plans
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U.S.-based music platform LÜM is set to announce 25 partnerships with globally known musicians as part of a re-launch involving NBA Top Shot’s Dapper Labs later this quarter. LÜM was founded in 2018 and built up a user base of more than 200,000 users with a platform that provided services
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The revolution will not be televised — it will be minted. Earlier this year, we saw the meteoric rise (and fall) of nonfungible tokens, or NFTs, in mainstream media and popular culture. We all heard about them, but was the hype real? Top businessmen and media moguls, such as Mark
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Decentralized platforms are the best means to solve equity problems in creative industries. Source
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