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Spotify is a black box. Artists can’t even upload directly, they’re forced to use distributors, which adds friction and middlemen.
I like the idea of music files living on a public blockchain. Audio, credits, and rights would all be transparent, and payments could be automatic. Everything changes if plays are verifiable and can’t be faked. Imagine what becomes possible when all the data is public. Charts could actually be legitimate.
NFTs don’t have to be speculative. They can act as digital receipts, proof that you bought a song or album which can be verified by anyone. Or they could let fans actually buy ownership in the rights or earnings of a track. Artists could also use NFTs programmatically for early drops, private tracks, community access, etc.
Obviously all of this is not happening tmrw, but it’s fun to think about. 2 replies
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