How do NFTs benefit the music industry?
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NFTs offer several advantages to the music industry. Musicians can leverage NFTs to sell unique experiences like concert tickets, exclusive content, and even fractional ownership of their songs or albums. This direct-to-fan approach eliminates intermediaries, enabling artists to retain a higher share of the revenue generated. NFTs also enhance fan engagement and loyalty by offering collectible music items and experiences, creating a stronger bond between artists and their audience.
Source: https://bit.ly/44Zth2S
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