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[LutherKing]

According to one of Saxo Bank's Outrageous Predictions 2022: Revolution, music creators would benefit from NFT-based streaming platforms as they allow distributing music directly to listeners without centralized middlemen charging a fee.

The analyst at saxo brank breifed that while the centralized platforms like apple and Spotify that take upto 75% are popular bit with time the model that helps artists get more will flourish and succeed in the meantime

 

[sanazkarma]

I didn't know anything about NFT Music, it was interesting to me when I read about it for the first time on Obeato website and realized that it is possible to make NFT Music. I thought it was an interesting idea. I got acquainted with the best NFT music platforms on Zcoino

 

[achawaskey]

I belive nothing is impossible, as far as technology is concerned, there will always be improvement on things. I think this NFT music is new, and if going by what I read about it, it will put more money to the pocket of music owners and eliminate middlemen, that means one can stream music direct from the owners.

 

[gammarays]

I think it's very possible because of the nature of crypto. With Nft streaming platforms in play, music artists can launch songs easily and also get to decide how much they'll earn unlike conventional creator platforms that decide for them. However, it may be pretty difficult to replace Spotify as it's a global brand with billions of streams. Can an Nft project be able to achieve that?

 

[nilofar]

Recently, I became interested in making NFT music and there are articles about this on the site of Obeato and Zcoino. Does anyone have experience in buying and selling NFT?

 

[magnus2022]

Spotify have become a household name that can difficult to displace. Spotify can weather the storm either by creating their own or buy over the music nft project. Spotify like Google is already established their mark in global business. They have the money and the technology, they can afford to buy over any innovation.

 

[a_jerobon]

Spotify have become a household name that can difficult to displace. Spotify can weather the storm either by creating their own or buy over the music nft project. Spotify like Google is already established their mark in global business. They have the money and the technology, they can afford to buy over any innovation.

That is right. Spotify has truly become an household name. But it is normal to have some competitions rising against it. But I am sure that they will deal with it. They will look at what their competitors are doing that they miss and make necessary changes.

 

[gammarays]

The problem with most Nft projects is that they love to set unrealistic targets. Spotify took many years to build and grow their customer base. Yet those projects wants to achieve more in a short time. It's not possible.

 

[gammarays]

Bringing Nfts to music is another way of connecting fans to music artists. By having an Nft collection, fans can be involved in events or shows organized by the artist. It's also a good way to generate revenue for the artist.

 

[gammarays]

That's a great idea! NFTs can provide a unique and valuable experience for fans, while also offering a new revenue stream for artists. It's exciting to see the integration of NFTs in the music industry and how it can further enhance the connection between artists and their fans.

Yes Nft holders can also get revenues from the creators. Music is a viral stuff so these Nfts can be pumped easily. Most holders see it as a valuable collection so are willing to hold on to it for a lifetime.