The music industry is abuzz with the rise of virtual events and NFTs. As a result, crypto-powered music platforms are gaining traction. Platforms like Audius and Rarible are allowing artists to monetize their work directly, cutting out intermediaries. This shift towards decentralized music distribution could be a game-changer for the industry.

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This decentralized approach could also lead to more unique and exclusive experiences for fans, like special NFTs or exclusive virtual concerts.