Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items. This new technology could change the music industry and the entertainment industry as a whole! A distributed, decentralized inter-ledger “blockchain” could expedite payment processing and minimize fraud/piracy.

Meanwhile, NFTs have the potential to provide direct-to-consumer relationship for artists, as well as provide royalties for creators in the resell market. Among other things, Hip-Hop NFTs could bring back the personalized fan experience when purchasing music and provide a store-of-value for investment diversification!

5 Ways NFTs can change the Music Industry:

What are NFTs? 7:35​

#1 More Efficient Payment Processing 4:35​

#2 MINIMIZE FRAUD/PIRACY 6:29​

#3 Direct-to-Consumer 7:18​

#4 Resell Potential – 8:15​

#5 Personalized Fan Experience – 10:14​

KEY TERMS 13:22

“Non-fungible token”

“Smart Contracts”

“Distributed, decentralized inter-ledger” commonly referred to as “Blockchain“​

A few NFT in music:

• Deadmau5’s NFT collectibles
• MF DOOM’s NFT mask

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