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  • The Major Label NFT Strategy Will Focus on Long-Term Revenue

    15 days ago - By Billboard

    The major record companies are gearing up to capitalize on the boom in NFTs - non-fungible tokens - but they won't be “putting every song on the blockchain and calling it a day,” an executive tells Billboard .
    The NFT market has exploded since late February, with a slate of high-profile indie artists including 3LAU, Deadmau5, and RAC growing the popularity of digital collectibles in the music industry. But even now, with major-label acts like Grimes, Shawn Mendes, and Kings of Leon getting into the mix, Universal Music Group, Warner Music Group, and Sony Music Group are still plotting...
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  • World's First MEGADETH Non-Fungible Token Has Arrived

    15 days ago - By Blabber Mouth

    The world's first MEGADETH non-fungible token has arrived. This piece is a one-of-one and exclusively available for auction via Rarible's platform through Monday, April 12.
    NFTs are a type of digital asset where ownership is recorded on a digital ledger blockchain. Each NFT is unique and can be viewed as a collectible that cannot be duplicated, making them singular and potentially valuable. NFTs can represent digital files, such as art, audio, videos, posters, album art and other forms of creative work.
    A recent report by NonFungible.com, an NFT market analyst firm said that: "The...
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