NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts -Breaking
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As popular music streaming services like Spotify (NYSE:) cut much of musicians’ revenues, new technologies like nonfungible tokens (NFT) will likely help artists grab back their fair share, Saxo Bank predicted.
According to one of Saxo Bank’s “Outrageous Predictions 2022: Revolution,” music creators will benefitNFT-based streaming services allow music to be distributed directly to the listeners, without any intermediaries that charge a fee.
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