Music NFTs Are Set for an Explosive 2022


Take Spotify. With practically 400 million lively customers, half of these paying, it’s by far probably the most broadly adopted and common music streaming service. There are round 8 million artists on Spotify who struggle for consideration each day, solely to be overpowered by extra famend counterparts like Taylor Swift, Billie Eilish and Kanye West. It’s a difficult panorama for any artist in the event that they aren’t on the prime, particularly when artists aren’t in a position to wholly seize the proceeds from their work. “Rights holders” on Spotify pocket as much as 70% of streaming income, and for probably the most half rights holders are usually not really the artists.