As one of the oldest entertainment industries in existence, the music business has experienced many technological advances that enhanced widespread adoption.

The way musicians make money in a digital format has reduced margins from media or video revenue.
Web3 platforms are in their early stages.

As the space develops, Web3 music platforms can become a key piece in the way labels and artists do business and market themselves.

For a community to be productive, those involved should enrich the creative process by actively listening to each other’s needs and proposing solutions for the betterment of the community as a whole.

Bringing NFTs and the model of content ownership closer to fans is what will ultimately drive artist communities, as it creates a much stronger and more exclusive connection between fans and creators.
Source: Cointelegraph
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