Original title: Famous rapper French Montana will release music NFT album, 2DM holders will have great use rights
Why is it said that music NFT is the general trend? Because for artists, especially independent musicians, they are more eager to find alternative sources of income to the old model. And, the music industry has always been inextricably linked to technology. Therefore, the music industry can quickly accept NFT and integrate well with it.
Recently, the famous rapper French Montana also announced the upcoming release of music NFT, through the use of exclusive NFT technology, to create a new world integrating Music and Web3.0, 2D metaverse. Allowing independent artists to get the most out of the music NFTs (2DMs) discovered in the 2D metaverse, enabling artists to easily tokenize songs, albums and merchandise, revolutionizing the way fans interact with their favorite artists .
In the traditional music industry, most of the revenue is received by copyright companies or streaming media platforms. It can be said that the streaming media era has put musicians in a “income dilemma”, which is an unhealthy and inefficient production relationship. Today, the launch of music NFT can be said to bring a glimmer of light to musicians. With the help of NFT technology, the Web3 music industry has more economic models that are more efficient and reasonable than the streaming media model. Artists can fully own the ownership of their music works, thereby reducing the importance of middlemen, distributing more profits to value creators, and even building musicians into a “personal economy” that can achieve independent and circular transactions with fans in the chain body”.
As far as the 2D metaverse is concerned, using NFT or Token as a carrier to distribute copyright to investors, this copyright distribution model NFT is more economical. 2DM (Music NFT) holders can get a French Montana digital album – Montega for free. It should be noted that you have the full right to use any song in Montega for commercial performance, and you can also enjoy the premium and re-creation brought by 2DM, adding your own concepts and melodies to the original album. It can also be resold within the 2D Metaverse and 3D Metaverse. In general, 2DM holders have great access to Montega.
In the future, music NFTs may expand the diversification of their content forms. From soundtrack albums, concert tickets to classic song demos, and cross-border entertainment, I expect NFT to play new tricks in the music industry, and I also expect 2D Metaverse to combine more physical music content with NFT to drive the music NFT industry to accelerate Innovation that empowers independent musicians to sustain themselves around the concept of digital ownership.Return to Sohu, see more
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