News > Crypto art could become a primary source of income for musicians and potentially cut out major labels
Crypto art could become a primary source of income for musicians and potentially cut out major labels
Business Insider | 21/03/2021 07:54 PM | Click to read full article
NFTs have already generated millions for artists, breaking digital art records. Crypto art could expand the music industry's $11 billion market. Artists can claim independent revenue by selling NFTs on their own, cutting out major labels. Crypto art could soon upend the music industry.
The sale of digital assets - also known as non-fungible tokens or NFTs - has already generated millions for artists and could change the power structure and profitability of the music industry.