HomeUncategorizedTokenizing music royalties as NFTs could help the next Taylor Swift By Cointelegraph
Tokenizing music royalties as NFTs could help the next Taylor Swift By Cointelegraph
July 19, 2023
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Tokenizing music royalties as NFTs could help the next Taylor Swift
Since 2021, pop superstar Taylor Swift has been rerecording and releasing her entire back catalog of albums in an effort to break away from her previous record label and gain greater control over her art.
The fact she has to go through such a painstaking, expensive process just to recover what most would consider rightfully hers highlights how the music industry can be a complicated, confusing place for young artists. It has a well-deserved reputation for being a space where enthusiastic musicians often unknowingly enter into unfavorable or exploitative record contracts.
How a songs copyrights generate multiple royalty streams. (Royal)Taylor Swift spends her 33rd birthday in the studio. (Instagram)Justin Blau in front of a massive crowd at Electric Daisy Carnival (NYSE:). (Rukes/Instagram)Owning a piece Rare by Nas also provides access to the secret menu for chicken spot Sweet Chick. (Royal)Rapper Snoop Dogg bought his old record label and now owns his masters. (Instagram)Justin Blau in the studio with fellow DJ Steve Aoki. (Twitter)Agoria divested 100% of his applicable royalties to collectors for his single Agorians. (Bolero)Estimated yearly returns for Offset and Metro Boomins 2017 song Ric Flair Drip. (Anotherblock)Agoria poses with noted NFT collector Gmoney. (Twitter)Rapper Mims tokenized part of his royalties for his 2006 No. 1 single This Is Why Im Hot. (Anotherblock)Outkast rapper Big Boi fractionalized part of his 2017 song Kill Jill. (Royal)
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Tokenizing music royalties as NFTs could help the next Taylor Swift
Since 2021, pop superstar Taylor Swift has been rerecording and releasing her entire back catalog of albums in an effort to break away from her previous record label and gain greater control over her art.
The fact she has to go through such a painstaking, expensive process just to recover what most would consider rightfully hers highlights how the music industry can be a complicated, confusing place for young artists. It has a well-deserved reputation for being a space where enthusiastic musicians often unknowingly enter into unfavorable or exploitative record contracts.
How a songs copyrights generate multiple royalty streams. (Royal)Taylor Swift spends her 33rd birthday in the studio. (Instagram)Justin Blau in front of a massive crowd at Electric Daisy Carnival (NYSE:). (Rukes/Instagram)Owning a piece Rare by Nas also provides access to the secret menu for chicken spot Sweet Chick. (Royal)Rapper Snoop Dogg bought his old record label and now owns his masters. (Instagram)Justin Blau in the studio with fellow DJ Steve Aoki. (Twitter)Agoria divested 100% of his applicable royalties to collectors for his single Agorians. (Bolero)Estimated yearly returns for Offset and Metro Boomins 2017 song Ric Flair Drip. (Anotherblock)Agoria poses with noted NFT collector Gmoney. (Twitter)Rapper Mims tokenized part of his royalties for his 2006 No. 1 single This Is Why Im Hot. (Anotherblock)Outkast rapper Big Boi fractionalized part of his 2017 song Kill Jill. (Royal)
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