Music Industry

Sonorus is working to revolutionize the music industry by bringing fans and artists together. With their innovative TrendFi system, they are creating a space where community engagement drives music trends. Moreover, the project’s ecosystem rewards both fans and artists. Sonorus is more than just a platform. This is a movement set to reshape the way we value and experience music in the digital age. So, how exactly does TrendFi work? Let's dive in and find out. What Is Sonorus? Sonorus…

American singer and songwriter Madonna Louise Ciccone has partnered with renowned digital artist Beeple to create non-fungible tokens (NFTs). The Queen of Pop unveiled this news through a tweet on May 9. She said her NFT project is dubbed Mother of Creation. The NFT triptych features three graphic videos. According to Madonna, she and Beeple worked on the project for a year. She added that this project is unique because it is based on the idea of creation and motherhood.…

Hip-hop legend Snoop Dogg is looking to turn Death Row Records into an NFT label. Like other artists, the California-based rapper delves into blockchain-based applications to fuse music with the new digital age. If all goes well, his NFT could be among the best projects to keep an eye on in 2022. Snoop Dogg announced his enthusiasm regarding NFTs and the Metaverse on the social media platform Clubhouse on February 15: Death Row will be an NFT label. We will…

Over the years, blockchain technology has proved its utility in various industries. However, some sectors have yet to elude the new technological advent. One is the music industry, a multi-billion-dollar market that could benefit significantly from decentralized public ledgers. Read on to find out how music and blockchain could merge successfully! What Is Blockchain? In 2008, a mysterious person or group using Satoshi Nakamoto's pseudonyms introduced blockchain technology in the Bitcoin whitepaper. Since then, many have regarded the document as…

Blockchain technology first came to the limelight with the introduction of bitcoin. The invention paved the way for innovative solutions in the financial industry. Over time, developers discovered that the technology could be useful in various other sectors as well. The introduction of ethereum created a platform that crypto developers and enthusiasts could use to develop smart contracts and dApps for just about any sector, including healthcare, the food industry, the justice system, education, supply chain, and voting, and several…

Emerging trends and content offerings have, over the last decade, continued to drive growth and distribution in the music industry. Modernization in the music business and distribution methods have allowed numerous unsigned artists to produce recordings and distribute their music and art across the globe, mainly via the internet.  The changes being witnessed in music streaming and new licensing structures have highlighted the need for developments to restructure licensing processes and how musicians can collect royalties and track their work. …