Connect with us

Hi, what are you looking for?

Music

NFTs, Tidal, and the Future of Everything Digital

Will NFTs bring real value to music ownership or is this a clever way to scam people on the part of artists?

Kings of Leon - When You See Yourself Album

There are some interesting things going on this week in the world of music. Big changes afoot. It’s been that kind of week. Between endless political solicitations filling up my inbox, 4K video of SpaceX Starship SN10 detonating on the landing pad after a seemingly successful test flight, and less than joyous side effects from my first COVID-19 vaccination, I’m ready to call it a week. But before I do, I want to call your attention to an interesting development in the Blockchain world. NFTs are about to become a thing in the music world. No — not some new designer drug passed around at live music events when they finally resume later in 2021, but a form of cryptocurrency part of the Ethereum blockchain that you can trade for digital art; which includes music, photographs, videos, and other exclusive items from musicians.

So basically a digital music designer drug. That actually applies to anything digital.

Or vinyl in this case as well. Weird.

Non-fungible tokens are somewhat like bitcoin with the exception that you’re basically paying for something unique. You can trade one bitcoin for another bitcoin, but you can’t trade something unique for an exact copy of that same unique item and still call it unique. Make sense?

I’m confused too. Thanks Pfizer.

NFTs are about to become quite useful for musicians looking to make up some of the revenue they lost in 2020; that whole COVID-19 pandemic thing we’re still going through.

American rock band, Kings of Leon just announced such an arrangement and it will be interesting to see how many fans jump on the NFTs bandwagon.

A lot of artists are really upset (with good reason) at the streaming services because the royalties are not exactly paying the bills if you’re a smaller artist who lost the ability to tour in 2020. Musicians like Bruce Springsteen and Jay-Z will be fine, but bands who need the revenue from touring and merchandise have felt the pain.

Speaking of Jay-Z…

It would appear that the rap/hip-hop mogul has finally extricated himself from his Tidal nightmare by selling a majority ownership overnight to Square. The same company owned by Twitter CEO, Jack Dorsey.

Advertisement. Scroll to continue reading.

It will be interesting to see how this all plays out.

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

New Products

LG 65C2SW Star Wars OLED evo 4K TV Special Edition Package

HDTV 4K & 8K TV

LG is introducing a Star Wars branded version of its 65-inch C2 Series OLED 4K TV. Only 501 will be made in honor of...

2022 LG 88Z2 8K OLED TV Lifestyle 2022 LG 88Z2 8K OLED TV Lifestyle

HDTV 4K & 8K TV

LG continues its commitment to OLED TV technology with its 2022 4K & 8K product line that provides enhancements in video processing, audio and...

Dynaudio Focus 10, 30, 50 Loudspeakers White Dynaudio Focus 10, 30, 50 Loudspeakers White

New Products

Dirac Live, Wireless Streaming, and WiSA too, Oh My! The Dynaudio Focus Series are coming for the KEF LS60.

LG HU915QB Ultra-short Throw Laser Projector LG HU915QB Ultra-short Throw Laser Projector

New Products

LG is releasing two 4K Cinebeam UST Laser Projectors that appear to have the same model number, but there is an interesting twist to...

Centrance DACmini Angle Centrance DACmini Angle

Headphone Amps

Consumers get to decide the final look and feel of the Centrance DACmini DAC/Headphone Amplifier. Will it be worth the asking price? We will...

Roku Element Outdoor TV Lifestyle Roku Element Outdoor TV Lifestyle

HDTV 4K & 8K TV

Element and Roku enter the outdoor TV space with a 55-inch partial sun-compatible outdoor TV. Find out if this might be your Summer entertainment...

Advertisement

You May Also Like

Articles

Apple just killed off the iPod putting an end to an era. Are DAPs dead or have we begun a new era of portable...

Articles

Is the shift from owning songs to streaming them eroding listener loyalty and reducing the cultural impact of music?

Reviews

Looking for a wireless loudspeaker system that delivers superb sound quality and design? Your search ends with the Naim Mu-so 2nd Generation Wood Edition.

News

After a 300 million dollar investment and about one month of availability, CNN+ has come and gone...

Music

Featuring Chicago blues at its finest, the all-analog 180-gram vinyl LP features recordings by Junior Wells, J. B. Hutto, and Otis Spann, captured at the...

Articles

A mini-business plan for revitalizing the music business, offering specific details and calculating the (huge) financial payback.

Music

Craft Recordings have expanded their Small Batch Series with a vinyl reissue of Relaxin' with the Miles Davis Quintet. For $109.95. Ouch.

Articles

Roon may not be inexpensive but it is the best digital music streaming and music library platform available and that's not changing anytime soon.

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2022 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.