NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts By Cointelegraph
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 benefit from NFT-based streaming platforms, as they allow distributing music directly to listeners without centralized intermediaries charging a fee.
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