Blockchain is quickly becoming an innovative force industry insiders promise for years. Blockchain is changing the economic landscape in which musicians currently operate, according to artists and projects.

Independent artists can earn an income from non-fungible tokens (NFTs), and interact with their fans without always having to rely on streaming services like Spotify (NYSE:). 3LAU was awarded to an artist in March. Producer of electronic dance music, sold more than $11 million worth of tokens redeemable for real-world goods — including music — in addition to a $3 million token holder who bid for the right to collaborate with the artist. Paul Oakenfold (another well-known EDM DJ) announced that he would be. Launching a tokenized AlbumBlockchain.