Why are artists turning to NFTs and crypto for monetizing their music?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we believe that artists are turning to NFTs and crypto for monetizing their music because it offers them a way to tap into the growing digital asset market. NFTs, or non-fungible tokens, have gained significant attention and value in recent years, with digital art and collectibles selling for millions of dollars. By tokenizing their music as NFTs, artists can potentially benefit from this market demand and generate substantial revenue. Furthermore, cryptocurrencies provide a seamless and secure payment infrastructure, allowing artists to receive instant and transparent payments for their music. With the increasing adoption of blockchain technology and the rise of decentralized finance, artists see the potential for long-term financial growth and stability by embracing NFTs and crypto as a monetization strategy.
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