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How NFTs Are Transforming Royalties And Fan Engagement In The Music Industry

The use of non-fungible tokens (NFTs) is changing the way music is produced, distributed, and consumed. NFTs give artists more control over their work and allow them to earn a higher portion of revenue by selling their music directly to listeners. NFTs also provide opportunities for fan engagement, such as offering rare content to those who purchase NFTs. While there have been only a few high-profile NFT music sales, the potential for NFTs to revolutionize the music industry and create a more fair and sustainable business model for all parties involved is significant.

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