Anybody who has ever had to deal with either the Gaming or Entertainment industry knows just how much of a hassle purchasing royalty music is.
Well, even multiple small to medium to big businesses who have nothing at all to do with the Music industry, you might have purchased that good old Elevator music? Owners of offices, cafes etc. have certainly did and at a big price point with complicated licensing.
No more! The news just broke of a new way the royalty music market is gonna become much easier to navigate. All thanks to this start-up now using NFT collectibles as a contract for a much simpler and cheaper way to purchase licensed music for commercial use.
Go on, as the NFT enters many more industries. In this instance though, a great many of Music labels holding thousands of artists’ right have already expressed interest in this new NFT start-up.
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SOURCE:
https://cointelegraph.com/news/music-nfts-will-take-gaming-to-new-levels
