The music industry has not shied away from its keenness to adopt Web3 solutions.
From nonfungible tokens (NFTs) helping artists connect with their communities, to various blockchain use cases, including event ticketing.
Another relevant implementation of the technology to be considered by industry insiders is how Web3 tools can help artists and companies manage music metadata.
This allows them to contain metadata available for use and access on Web2 platforms.
He continued to say that “whether it is an organization that is setting standards, like DDEX or a new entity, the standardization of metadata is a plus not only for platforms but ultimately artists and users.“
Both mainstream and niche artists in the music industry are slowly trickling into the Web3 space.
Source: Cointelegraph
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